Such tax-avoidance vehicles include Grantor-Retained Annuity Trusts and Intentionally Defective Grantor Trusts (IDGTs), while another loophole stems from a 1980s-era IRS decision that allows the ...

The Internal Revenue Service has added some types of grantor trusts to the list of areas in which it does not plan to issue letter rulings or determination letters. Revenue Procedure 2015-37 informs ...

A detailed letter to beneficiaries concerning the trust grantor letters and other federal income tax information regarding the Trust is available in the “Reports and Letters by the Liquidation ...

A Crummey Trust allows people to give gift-tax-free financial gifts to beneficiaries, retain some control over those gifts, and reduce their taxable estates, ...

As explained in the letter, a grantor who created a trust for the benefit of his spouse before the repeal of Section 682 likely wouldn’t have done so had the grantor expected to continue to be ...

Estate tax planning experts and many affluent taxpayers are aware of the multiple advantages of what are known in the technical jargon as "Intentionally Defective Grantor Trusts" (IDGTs), which ...

Estate planning with Intentionally Defective Grantor Trusts can result in substantial federal estate tax savings by removing highly appreciated assets, or assets with the potential for substantial ...

Separately, the AICPA sent a different letter on Feb. 5 to the Treasury and the IRS asking for guidance about international information reporting for domestic grantor trusts. The AICPA wants them to ...

IRS won’t issue private letter rulings on this matter until it resolves the issue through revenue procedures or regulations Dawn S. Markowitz , Legal Editor June 16, 2015 ...

In the letter, they mention that the number of estates that have paid any estate tax have dropped in recent years. The high was 7.65 percent in 1976 (when the federal exemption was a “whopping ...

This considers IRS Chief Counsel Memorandum AM 2023-006, regarding non-grantor irrevocable complex discretionary spendthrift trusts.