Income Tax Reporting Requirements for Grantor Trusts

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  • Опубликовано: 5 дек 2024

Комментарии • 25

  • @Bigsas14
    @Bigsas14 2 года назад

    This video was a big help! I’m helping a family member and now have the list of questions to ask to determine the correct filing. Thank you for putting this out here!

  • @kylehallacappellaman3435
    @kylehallacappellaman3435 2 дня назад

    You would do well to use some type of marker board to help in your explanations. It would help get the points across, I think.

  • @shaggydog8291
    @shaggydog8291 2 года назад +1

    Thank you so much. I've been trying get this very answer from my Attorney. And after 6 months, he still hasn't got back to me. I'll tell him to watch your video because I don't think he knows. You just dropped my stress factor by 90%

  • @chs6467
    @chs6467 4 года назад +7

    Thank you so much for this clear and concise explanation. You have supplied a very good service to the public. cs

  • @dancingcpa1
    @dancingcpa1 2 года назад

    I’m a cpa and I really thank you for these videos

  • @williamedwards6519
    @williamedwards6519 5 лет назад +1

    Thank you so much! this helps chisel the first foothold in my long road ahead. Question- Grantor trust, revocable trust, Grantor includes an "everything I own, all income, etc, is in the trust, Grantor holds no claim to deeds, titles, etc. " the same day the trust is signed. Grantor . months later, is deemed mentally incapable to handle her own affairs, the trust is now irrevocable. when does the trustee have to 1041 and get an ein?

  • @BARbaraMariam
    @BARbaraMariam 2 месяца назад

    Great content, as always! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?

  • @janinenesbit3878
    @janinenesbit3878 8 дней назад

    If the revocable trust becomes irrevocable at death of the grantor, and the grantor passes, is a Form 1041 tax return required to be filed?

  • @Gard614
    @Gard614 Год назад

    Where can the three sentences you read from the IRS be found?

  • @erikseanwilson
    @erikseanwilson 3 года назад

    Love your videos!! Very informative. Question: Profit (mutual fund sale at a profit) in revoc trusts is taxed at ordinary bracket (to grantor) or at the trust level.?

  • @tom73458
    @tom73458 6 лет назад +1

    Thanks for the informative, and unsolicited, information. Much appreciated.

  • @airdice1188
    @airdice1188 Год назад

    thank you for the great explanation

  • @jcman240
    @jcman240 4 года назад

    What about the tax treatment for the beneficiary/trustee of an irrovacable trust? Does all the trust income have to be reported on beneficiaries individual tax return or can the trust report the first 12k if the marginal rate is less?

  • @RealNet.BusinessAdvisors
    @RealNet.BusinessAdvisors 6 лет назад +1

    Great video - Category of the video is Comedy- consider change it to educational and what a great educational piece - Thank you !

  • @garyrogers6977
    @garyrogers6977 2 года назад

    What happens after the grantor dies and there are provisions in the trust continues?

  • @paxetbonum4934
    @paxetbonum4934 5 лет назад

    Very good cleared up a lot. Thanks

  • @tlcbear411
    @tlcbear411 Год назад

    Thanks so much

  • @gloriajara5014
    @gloriajara5014 4 года назад

    I Love this video, thanks for your help!

  • @MensurUtt
    @MensurUtt 2 месяца назад

    Thanks for the interesting content! 😍 Just a small off-topic question: 😅 I found these words 😅. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔

  • @cheryldodd-marko9787
    @cheryldodd-marko9787 3 года назад +1

    🕊🇺🇲💕

  • @Bigsas14
    @Bigsas14 2 года назад +1

    This video was a big help! I’m helping a family member and now have the list of questions to ask to determine the correct filing. Thank you for putting this out here!