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


Does an irrevocable trust get a step up in basis upon the death of the grantor? ... read on

My client passed away and left his money outright to his grandson, who is 19 years old. His parents .... ... read on

Is it a taxable event to transfer a life insurance policy to an ILIT? ... read on

How is the income from a trust taxed? Should I take distributions out or leave in there? What are the .... ... read on

If a trust has a rental loss, can it pass the loss to the beneficiaries? ... read on

How do I set up a family trust? ... read on

I am a trustee for a living trust and getting paid for my work with the trust. How much .... ... read on

If I withdraw money from my 401k, may I avoid taxation if I use it for a special needs trust .... ... read on