Jumpstart Your Paper

Browse our Free Essay examples and check out our Writing tools to get your assignments done.

Taxation of Estates and Trusts

INSTRUCTIONS:

Respond to the following questions and submit your answers in a Word Document to the Unit 5: Assignment Dropbox. Remember to review and reference the applicable sections of the Tax Code, including Publications 990 and 990-PF. 1. Michelle’s trust made charitable contributions amounting to $4,800 in 2016. Is this likely a simple or complex trust? Explain your answer. 2. In relation to charitable contributions and distribution of income, explain two features that distinguish a simple trust from a complex trust. 3. What purpose is served by the distributable net income (DNI) of a trust? 4. Explain how the net investment income surtax is calculated for a trust. Respond in a Word Document to the Unit 5: Assignment Dropbox. View the rubric below for grading details. Final Submission Requirements: Responses must adhere to the following formatting guidelines: Microsoft Word document or appropriate reporting application specified in the assignment, double spacing, 12-point Times New Roman or Arial font, one-inch margins, APA in-text citations and an APA reference list for qualitative responses. Show work for all questions that require computations. Important Note: Responses to assignments should be the original work of the student. Responses must adhere to the University’s academic integrity requirements.
Related Topics: