Explore the 1,000’s of tax questions answered by professionals.

Does an irrevocable trust get a step up in basis upon the death of the grantor? ... read on

My client passed away and left his money outright to his grandson, who is 19 years old. His parents .... ... read on

Is it a taxable event to transfer a life insurance policy to an ILIT? ... read on

What are the ramifications of having the children as a beneficiary versus the grandchildren for those things that pass by .... ... read on

How is the income from a trust taxed? Should I take distributions out or leave in there? What are the .... ... read on

What happens to loss carry forwards when a person dies? ... read on

If I have a realized gain in a trust account currently, and I have an unrealized loss in a corporate .... ... read on

What are the wash sale rules on options? ... read on

My client wants to gift money for his grandchild into an UGMA. If the UGMA earns money, is this subject .... ... read on

How does the AMT affect me? ... read on