by Joel Roettger | Nov 13, 2018 | Estate Planning, Probate, Tax, Trusts
No, but you would not know that from reading the statute. The 65-day rule is a taxpayer-friendly provision involving the income taxation of trusts and estates. It allows the trustee of a trust or executor of an estate to treat certain distributions made in one tax...
by Joel Roettger | Nov 12, 2018 | Estate Planning, Trusts
Termination of a trust is like dissolution of a business organization. In both cases, there is a winding up period before the entity legally ceases to exist. Usually, this means paying any outstanding trust obligations, liquidating assets, filing final income tax...
by Joel Roettger | Nov 11, 2018 | Tax
Yes. See Tennessee Department of Revenue Notice #18-09 (June 2018): … dues or fees paid to health clubs or other facilities featuring exercise or other active physical fitness conditioning are subject to sales tax, unless a specific exemption applies. This...
by Joel Roettger | Nov 11, 2018 | Estate Planning, Tax
Moving up. The 7520 rate for November is 3.6%. This is an increase from previous months. The rate was 3.4% for the preceding 4 months. A chart showing historical rates since 2008 is here. Some estate planning techniques benefit from rising rates. These include...