“Nongrantor” trusts are trusts which aren’t taxed to a substantial owner pursuant to the grantor trust rules. Such a trust must file its own tax return and the income of the trust would be taxed to it, unless distributed. Read on to learn more.
Latest posts by Paul Gantner (see all)
- Changing “Irrevocable” Trusts Through Decanting - October 21, 2021
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