Details

Income Taxation of Trusts and Estates

This course examines the rules of federal income taxation of trusts and their beneficiaries and grantors and decedent's estates. It covers the rules found in Subchapter J, Sections 641 through 691, of the Internal Revenue Code. Among the topics addressed will be the quasi-conduit regime of Subchapter J, simple and complex trusts, tax treatment of grantor trusts, income in respect of a decedent, and the special rules for trusts eligible to own S corporation stock, grantor retained annuity trusts, unitrusts, and split-interest charitable trusts. Sample problems illustrating the application of these rules will be used, and planning suggestions and practical considerations will be discussed. Estate and Gift Tax is a pre-requisite. Not open to second year JD students who are not enrolled in the Joint Degree Program without the permission of the instructor. Basic Federal Income Tax is a pre-requisite for JD candidates.


Catalog Number: TAXLAW 655
Practice Areas: Family Law Practice AreaTaxation Practice Area
Additional Course Information: LLM tax course open to JD students ,  Tax Program Course


Course History

Fall 2013
Title: Income Taxation of Trusts and Estates
Faculty: Montgomery, Janet Rae (courses  |  homepage)
Section: 1     Credits: 2.0
Capacity: 65     Actual: 9



Spring 2013
Title: Income Taxation of Trusts and Estates
Faculty: Bergman, Jeffrey (courses  |  homepage)
Montgomery, Janet Rae (courses  |  homepage)
Section: 1     Credits: 2.0
Capacity: 65     Actual: 5



Spring 2012
Title: Income Taxation Trusts & Est
Faculty: Kamin, Kim A. (courses  |  homepage)
Section: 1     Type: Lecture     Credits: 2.0
Capacity: 65     Actual: 0