“Nongrantor” trusts are trusts which aren’t taxed to a substantial owner pursuant to the grantor trust rules. Such a trust must file its own tax return and the income of the trust would be taxed to it unless distributed. Read on to learn more.
Latest posts by Kim Morrison (see all)
- Don’t Be a Turkey – Take Advantage of Your Annual Per Donee Exclusion Amount - November 13, 2023
- FREE Personalized Letter from Santa Claus - November 5, 2023
- ABLE Accounts Complement Special Needs Trusts - October 2, 2023
