Monday, April 16, 2018

IRS Provides Some Relief for Post-Divorce Grantor Trust Rule Issues

They divorce, but the trust lives on. Since the testing under Code §672(e)(1)(A) of the spousal relationship that gives rise to the grantor trust status looks to the time of the creation of the trust, not the status in any later tax year, the Donor Spouse continues to be taxable to the Donor Spouse after the ...

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