d********e
发帖数: 159 | 1 我怎么也看不明白。翻译成中文还是不明白。这个trust到底是什么？看每年大的CPA
firm，尤其是银行做这个trust tax return的还挺多的。哪位大侠给上上课吧。 | t******f
发帖数: 509 | 2 Trust is a very small sector that tax professionals practice within. At big
CPA firms, the only group deals with trust returns is the group which
handles high net worth individual and closely held entities. Tax attorney
handles a big portion of this practice since they usually help in setting up
the trust and administer its operation.
You can consider most trust as a separate legal entity other than living
trust. Income generated from asset within a living trust is taxable to the
owner on his individual tax return. Trust are usually established for
estate tax saving purposes for wealthy individuals to pass on wealth to the
next generation. Asset usually put into a trust is income generating assets.
Let's say a rich grandpa sets up a trust and put in 30% ownership of a
closely held company stock as the sole asset of the trust, and name his
grandson as both the income and remainder beneficiary. This asset will no
longer be on the will of the Grandpa if he passes away. The closely held
company is a LLC, thus a pass through entity. Every year, 30% of the income
generated by the LLC will be income to the trust and taxable at the trust
level. The grandson will get the income withdrawing cash every year through
the trust until the trust term expires. Say that he can only get income
from the trust until he turns 25 in which he's titled to the asset. Since
he's also the remainder beneficiary, once he reaches 25, he can sell the 30%
ownership if he wants to. None of these will be taxable for estate tax
purposes when the grandpa passes away, but he will have to deal with gift
tax issues when setting up the trust at the beginning. |
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