Income allocation becomes more crucial with higher rates coming

10/4/2010 | Journal of Accountancy

With higher tax rates on the way, the allocation of income between beneficiaries and entities reported on estate and nongrantor trust tax returns is becoming a more important decision, with bigger consequences. The new Medicare tax calls for payments on estate and trust incomes of $11,200 and above, rather than the $200,000 to $250,000 threshold for individuals. Some strategies can increase the tax efficiency of estate and trust taxes.

View Full Article in:

Journal of Accountancy

Published in Brief: