Grantor trusts are trusts which are income taxed to the “substantial owner” of the trust. Usually, the substantial owner is otherwise known as the “grantor” or “trustor.” Nongrantor trusts are trusts which are not grantor trusts. But, what is the tax reporting for grantor and nongrantor trusts? Read on to learn more.
Latest posts by Charlie Amen (see all)
- What’s in President Biden’s Revenue Proposals? - May 2, 2023
- The Intersection of Bank Failure and FDIC Insurance - April 25, 2023
- Medicaid Planning - April 18, 2023