If current tax reform proposals become law, there will be many issues to be mindful of with planning for trusts. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, helps you get ahead of these changes so that you can plan for your clients to be ready for impending changes. Bob discusses:
How the proposed higher income tax and capital gains rates will impact trusts planning
The low threshold for trusts that would have the additional 3% surtax, NIIT expansion, and 199A cap kick in
Changes to grantor trusts taxation that will make transactions between grantor and trust pertinent to monitor
Being cognizant of electing fiscal year ends in rising tax rate environments
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