Explore the 1,000’s of tax questions answered by professionals.


I have a client that has a charitable remainder unitrust (CRUT) in New York. I'm wondering if there are .... ... read on

If a married couple residing in Florida, gifts a rental property, to the husband's father's revocable living trust, is this .... ... read on

LLC A receives a K-1 from LLC B. The K-1 contains information for filing out form 926. Does LLC A .... ... read on

No actual distributions have been made for a simple trust even though the trust document requires it. Can we .... ... read on

I am an accountant. An attorney has recommended that my clients make their life insurance owned by and beneficiary to .... ... read on

If a new client has had placed the entire home (including 50% of rental property) into a revocable trust back .... ... read on

A credit shelter trust owns 25% of a farm. Form 1041 instructions say a trust "is not allowed to make .... ... read on

My employer recently gave me a $25 grocery store gift card for the thanksgiving holiday weekend. The amount was reported .... ... read on

What kind of trust can be opened after someone has passed away. What are the features of such a trust .... ... read on

I have property in California that was part of a living trust. I became the trustee. The property is in .... ... read on