Richard James shares his experience and knowledge of fiduciary income taxation from the perspective of someone who has not only prepared and reviewed thousands of 1041s, but also from the perspective of a practitioner who has drafted trusts and has counseled individual clients on matters relating to their status as beneficiaries of trusts.

While Richard assumes that attendees have some basic familiarity with fiduciary income tax principles (simple vs. complex trust, DNI, etc), he briefly reviews the basic mechanics of fiduciary income taxation. He offers some practice tips for drafting documents to minimize or eliminate possible future fiduciary income tax problems. He discusses a variety of basic issues, such as: how tax situs for a trust is determined and how to "choose" or "change" tax situs; and how to cause (or avoid) grantor trust status. He also talks about some newer or more exotic/technical issues, such as: how to distribute capital gains to beneficiaries; and offer some insights into how a corporate fiduciary deals with fiduciary income taxes.

Seminar Information
Seminar Date:
August 06, 2015
Fiduciary Income Tax
Speaker Information
Richard James Esq., MSA   [ view bio ]
Individual topic purchase: Selected
Monroe County Bar Center for Education
New York (Skills): 1.50
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