Читать книгу Form 1041 - Stephen Brooks - Страница 6

This course will provide a comprehensive look at the income taxation of trusts and decedents' estates and the beneficiaries of trusts and estates under the IRC. Trusts and estates are treated as separate taxable entities under the IRC, and they are unique in the way they are treated. Essentially, trusts and estates are what might be termed “semi-conduits.” That is, to the extent that they retain income, they are taxed on that income, and to the extent that they distribute income to the beneficiaries, the beneficiaries are taxed. Before we discuss in detail the taxation of trusts and estates, and the beneficiaries of each, you must first have an understanding of these entities, how they are created, and how they operate.