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)
- Advantages of Using a “Grantor Trust” in Planning - October 14, 2021
- Tax Reporting with Trusts - September 30, 2021
- Roth IRAs Can Be a Great Planning Strategy: Advanced - August 5, 2021
