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9 Jun 2018, 10:50 pm by Joe
Grantor trusts are a perfect example of a true pass-through entity because income generated by the trust flows through to the grantor. [read post]
26 Dec 2012, 10:00 pm by Linda A. Kerns, Esquire
Thus, the appellate court remanded for reconsideration.When assets are placed in a discretionary trust, under New Jersey law, the income generated will not be used in an alimony calculation. [read post]
2 Apr 2019, 4:01 pm by Joe Glantz
They must, however, rely on the generation-skipping trust documents and the trustee to authorize and make the income distributions. [read post]
2 Apr 2019, 4:01 pm by Joe Glantz
They must, however, rely on the generation-skipping trust documents and the trustee to authorize and make the income distributions. [read post]
29 Aug 2016, 4:05 pm
Director, Division of Taxation, that New Jersey could not impose a tax on undistributed income generated by the trust simply because the Trust owned an S-Corporation created in New Jersey when the Decedent was a New Jersey domiciliary, but the Trustee was located outside of NJ and all of the other assets of the trust were located outside of NJ. [read post]
29 Aug 2016, 4:05 pm
Director, Division of Taxation, that New Jersey could not impose a tax on undistributed income generated by the trust simply because the Trust owned an S-Corporation created in New Jersey when the Decedent was a New Jersey domiciliary, but the Trustee was located outside of NJ and all of the other assets of the trust were located outside of NJ. [read post]
29 Jun 2012, 12:02 pm
 However, in an IIOT, the Grantor does retain a right to all of the income generated by the trust assets. [read post]
Pointing to a clause in the trust document stating that “administrative costs” were to be paid from the income generated by the trust, the trust’s remainder beneficiaries argued that the expenses should be paid solely from the trust income. [read post]
17 Dec 2021, 12:49 pm by Gerry W. Beyer
With an Intentionally Defective Grantor Trust (IDGT) the settlor removes assets from the settlor's estate and moves them into the IDGT while retaining the income tax liability for the income generated by those assets. [read post]
21 Jan 2022, 12:49 pm by Gerry W. Beyer
With an Intentionally Defective Grantor Trust (IDGT) the settlor removes assets from the settlor's estate and moves them into the IDGT while retaining the income tax liability for the income generated by those assets. [read post]
8 Jun 2008, 2:48 pm
Generally, when an individuals income is over the limits a Miller trust or Medicaid Qualified Income Trust can help. [read post]
8 Apr 2010, 12:11 pm by Brian E. Barreira
  That means that if the trust had undistributed income in excess of $100, there would be federal income taxes due. [read post]
23 Sep 2016, 12:55 pm by Vandenack Weaver LLC
In a recent private letter ruling (“PLR”), the Internal Revenue Service (“IRS”) determined a tax-exempt public charity did not generate unrelated business taxable income (“UBTI”) through a contractual agreement with a trust when the charity issued units to the trust in exchange for the trust’s assets, made payments on the units, and received payments to cover costs allocable to the management of the… [read post]
6 Dec 2022, 7:50 am by The White Law Group
        The post Starwood Real Estate Income Trust Limits Redemptions appeared first on The White Law Group. [read post]
18 Apr 2019, 8:27 am by Erin Scharff
North Carolina Solicitor General Matthew Sawchak, representing the Department of Revenue, opened his argument by emphasizing that the trust beneficiaries are the “true owners of trust income” and “the benefits and protections” provided by the state to its residents provided sufficient ground for the state to tax a beneficiary’s income, even while held in trust. [read post]