18-Apr-22
Implications of the Proposed Surtax on Non-Grantor Trust Income
Take-Away: The proposed surtaxes on non-grantor trust income in the Build Back Better Act poses a real hardship on irrevocable trustees and trust beneficiaries while possibly also frustrating the settlors purpose for the Trust. Background: The proposed Build Back Better Act, passed by the House of Representatives and now pending before the Senate, includes an […]
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