About this document
Estate and Trust Taxation Explained by Kaila Mae Tan Du is a document available to read on EtoBox.
Estates and trusts are treated as separate taxable entities under the tax code. Income of estates may be taxable to the estate or heirs and beneficiaries depending on whether the estate is under judicial administration or not. Trusts are rights of property held by one party for the benefit of another, and impose obligations on the trustee. Estates and trusts are subject to income tax and have deductions available to them.
- Author
- Kaila Mae Tan Du
- Language
- EN