[Webinar] When a Gift Is Subject to Income Tax; Beneficiary Deemed-Owned Trusts; Making Large Taxable Gifts - October 27th, 3:00 pm - 4:30 pm CDT
By EsqSocial Corporation 19/10/20
This trifecta of topics, drawn from Steve Gorin’s 3rd quarter 2020 newsletter, is designed for advising clients contemplating large taxable gifts. “When a Gift Is Subject to Income Tax” explains when gifts trigger income tax, including some traps when transferring business interests. “Beneficiary Deemed-Owned Trusts” provides an overview of irrevocable trusts where the beneficiary is deemed the owner and includes BDITs and BDOTs. “Making Large Taxable Gifts” describes which gifts might not...
By: Thompson Coburn LLP