Blattmachr on Income Taxation of Estates and Trusts offers today’s most comprehensive treatment of how the Internal Revenue Code taxes estates and trusts in light of recent legislative, regulatory, and judicial developments.
You’ll find vital information on:
- how to accurately complete a decedent’s final return
- the taxation of foreign trusts, simple and complex trusts, and charitable lead trusts
- income tax issues that must be addressed when using revocable trusts as an estate planning vehicle
- how income in respect of a decedent is taxed, and
- the taxation of estates and trusts as S corporation shareholders.
Blattmachr on Income Taxation of Estates and Trusts includes a Chapter 4 that discusses the 3.8% Medicare Tax under section 1411 on net investment income, how it applies to estates and trusts, and the proposed regulations issued by the Treasury Department.
Written by authorities with more than seventy years of combined experience in the field, Blattmachr on Income Taxation of Estates and Trusts provides in-depth discussion of:
- tax depreciation and depletion deductions of property held by an estate or trust
- income tax deductions for net operating losses for estates and trusts, and
- income tax deductions related to qualified production activities income.
It also shows you how to qualify for income tax deductions for federal estate taxes attributable to the right to the Income in Respect of the Decedent (IRD).
Filled with practical pointers, Blattmachr on Income Taxation of Estates and Trusts describes the audit program by the IRS of fiduciary income tax returns, including the primary issues focused on by the IRS, and provides two appendices: a 1041 sample worksheet and instructions, as well as a checklist for fiduciary income tax pick-ups.
The sixteenth edition of Blattmachr on Income Taxation of Estates and Trusts provides the detailed guidance you need in this complex area.
