United States:
Taxation Of Grantor Trusts To Be Eliminated
25 September 2012
Pierce Atwood LLP
To print this article, all you need is to be registered or login on Mondaq.com.
The Legislature has eliminated taxation of certain trusts under
the interest and dividends tax for taxable periods ending on or
after December 31, 2013. Under the new law, interest and dividend
income received by trusts treated as grantor trusts will be
included in the return of their grantor to the extent that the
grantor is an inhabitant or resident of New Hampshire. L. 2012,
S326 (c. 286).
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Tax from United States
2023 Federal Income Tax Update
Carruthers & Roth
Today's discussion will focus on some of the more interesting or important tax developments that have transpired over the last year or so.
5 Essential Tax Tips For Startups
Kaufman Rossin
There are many incentives and tax strategies available to help entrepreneurs operate an early-stage or startup business efficiently. Watch this video for a few quick tips.