TAX
ESTATES AND TRUSTS
“ This book is essential to my practice and an invaluable reference tool . It ’ s the next best thing to having Blattmachr on speed dial .”
— Charles M . Sarowitz , Sarowitz Milito & Company , CPAs
INCOME TAXATION OF PROPERTY ACQUIRED FROM A DECEDENT
Matthew S . Beard ( Matthew S . Beard , P . C .)
This treatise equips readers with the knowledge and foresight needed to navigate the taxation landscape related to property transferred at death . Written by an accomplished tax attorney , the guide thoroughly explicates beneficial tax rules I . R . C . § 102 and I . R . C . § 1014 , detailing their applications and potential discrepancies .
Income tax and estate planning professionals will find this resource invaluable for its insights into planning opportunities , strategies to avoid potential traps , and discussion on the role of traditional estate planning techniques . The treatise also delves into relevant trends such as grantor trusts and cryptocurrency .
Stay current with the constantly evolving landscape of tax law and estate planning through PLI ’ s Upkeep Service .
1 looseleaf volume , 350 pages , $ 285 , Item # 396672 , ISBN 978-1-4024-4556-9 , Updated annually or as needed
CONTENTS
1 Exclusion from Gross Income 2 Basis , Character , and Holding Period 3 Basis of Property Includible in
Decedent ’ s Gross Estate 4 Basis of Trust Property 5 Basis of Entity Interests and
Entity Property 6 Substantiation of Basis 7 Estate Planning 8 Postmortem Considerations
Table of Authorities Index
MATTHEW S . BEARD
BLATTMACHR ON INCOME TAXATION OF ESTATES AND TRUSTS
F . Ladson Boyle ( University of South Carolina School of Law ) and Jonathan G . Blattmachr ( Retired , Milbank , Tweed , Hadley & McCloy LLP )
This resource sheds light on up-to-date regulations that impact how the U . S . Internal Revenue Code taxes estates and trusts . Readers will access useful viewpoints from two widely published professors on taxation questions concerning foreign , simple , complex , revocable , and charitable lead trusts , along with other estate planning vehicles .
Estate planning and private client attorneys , along with their high-net-worth clients , will access information about key income , depreciation , and depletion deductions applicable to their estate planning vehicles . This title includes practical pointers for completing a decedent ’ s final return , approaching taxation on a decedent ’ s income , land trust classifications , uniform basis rules , and more . In addition , readers can view worksheets and checklists focused on Form 1041 , income tax pick-ups , S Corporation elections , and U . S . Treasury regulatory compliance .
Track new income tax developments with PLI ’ s Upkeep Service .
1 looseleaf volume or digital , 1,380 pages , $ 412 , Item # 241211 , ISBN 978-1-4024-3043-5 , Updated annually or as needed
CONTENTS
1 Types of Trusts 2 Decedent ’ s Final Return and Income in Respect of a Decedent 3 Ordinary Trusts ; Estates in the Process of Administration 4 Medicare Tax — Section 1411 Imposition of the 3.8 % Medicare Tax on Estates and Trusts 5 Grantor Trusts 6 Foreign Trusts 7 Special Trusts 8 Trusts As S Corporation Shareholders 9 The Uniform Basis Rules 10 Certain Income Tax Effects of Using Revocable Trusts 11 The Audit Program of the Internal Revenue Service of
Fiduciary Income Tax Returns
Appendices
A Internal Revenue Code Sections 641 – 691 B Subchapter J Treasury Regulations
Table of Authorities Index
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