Trust And Estate Income

What we do for you

Calculation of  the income distribution deduction

Calculation of distributable net income (DNI) using a forms method (Schedule B), code method and shortcut method (worksheet)

Classification of  receipts between "income" and "corpus" under the Uniform Principal and Income Act (UPAIA)

Division of  income in the year of death

Fluctuating trusts -- simple one year, complex the next

Forgetful fiduciaries of simple trusts

Handlng capital gains and losses

Income in respect of a decedent

Overview of Subchapter J

Proper W-2 preparation and procedures in the year of death

Specific deductions and miscellaneous itemized deductions

Steps a taxpayer passes before taking a required minimum distribution

Taxable income of estates and trusts, and expense allocation

©2019 by SRPG Financial Services