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Would you like SALT with that trust?


Would you like SALT with that trust?
By Richard Spengler, CPA, Grand Rapids, Mich., and Katherine Walter, CPA, J.D., LL.M., Seattle
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Editor: Kevin D. Anderson, CPA, J.D.
Whether you have an existing trust or are creating a new trust, location matters. The total tax owed by a trust can be significantly affected by the location of grantors, beneficiaries, trustees, and even trust assets. This is especially true for tax years 2020 and 2021, when most people have been working remotely and could do so from anywhere or are quarantining somewhere other than their usual residence. Trustees and planners can no longer ignore the ever-expanding reach of states in their pursuit of state and local tax (SALT) revenue. ....

United States , New Hampshire , North Carolina , New Mexico , South Dakota , South Carolina , North Dakota , Mcneil Jr , Kevind Anderson , National Tax Office , Virginia Department Of Taxation , Us Supreme Court , Laws Section , Internal Revenue Code , Dept Tax , North Carolina Dep T , Kimberley Rice Kaestner , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஹாம்ப்ஷயர் , வடக்கு கரோலினா , புதியது மெக்ஸிகோ , தெற்கு டகோட்டா , தெற்கு கரோலினா , வடக்கு டகோட்டா , மக்நீல் ஜூனியர் , தேசிய வரி அலுவலகம் ,