{"id":29182,"date":"2024-06-12T21:02:00","date_gmt":"2024-06-13T01:02:00","guid":{"rendered":"https:\/\/actec.matrixdev.net\/?post_type=meeting-materials&p=29182"},"modified":"2024-07-12T15:41:13","modified_gmt":"2024-07-12T19:41:13","slug":"session-2-a-potpourri-of-hot-topics-concerning-the-income-taxation-of-trusts-and-estates-and-their-beneficiaries","status":"publish","type":"meeting-materials","link":"https:\/\/actec.matrixdev.net\/meeting-materials\/session-2-a-potpourri-of-hot-topics-concerning-the-income-taxation-of-trusts-and-estates-and-their-beneficiaries\/","title":{"rendered":"Session 2: A Potpourri of Hot Topics Concerning the Income Taxation of Trusts and Estates and Their Beneficiaries"},"content":{"rendered":"\n

Take the chair lift to the summit of Subchapter J and navigate through the fresh powder of the basis rules and tax issues for charitable and international trusts, as well as estates and trusts holding business interests.<\/em><\/p>\n\n\n\n

Topics include charitable tax issues <\/em>(including the 642(c) deduction, split interest trusts, UBTI and nuances of CLATs), and international tax issues <\/em>(including the taxation of foreign trusts with US beneficiaries, and the taxation of distributions from US trusts with US citizen beneficiaries living abroad). We will then segue over to business-related matters<\/em> (including QSSTs and ESBTS, the relationship between passthrough entities and trusts, and the consequences of termination including with respect to carryovers). Finally, we\u2019ll conclude with a discussion of things that shouldn\u2019t be subject to income tax but sometimes are<\/em> (such as gifts and forgiveness of indebtedness) and basis issues<\/em> (including adjustments at death, equitable recoupment, the basis consistency rules, and the tax basis of inherited S corporation stock).<\/p>\n\n\n\n

Speakers: Mickey R. Davis, Jermiah W. Doyle, Michael C. Gerson<\/p>\n\n\n\n