Federal Income Tax of Trusts/Estates

Semester: Fall 2024
Course ID: 292U
Credit Hours: 2
Unique: 28585

Course Information

Grading Method: Pass/Fail Allowed (JD only)
Will use floating mean GPA if applicable

Registration Information

Upperclass-only elective
Prerequisite: Federal Income Taxation (93Q)

Meeting Times

Day	Time	Location
TUE, WED	1:05 - 1:55 pm	JON 6.257

Evaluation Method

Type	Date	Time	Location
Final exam	December 11, 2024

Description

This two-hour course examines Federal income taxation of estates, trusts, grantors, and beneficiaries, as prescribed by Subchapter J of the Internal Revenue Code. In particular, this course focuses on how the income taxation of estates and trusts differs from that of individuals. Central topics include distributable net income (DNI), the distribution deduction, the grantor trust rules, and income in respect of a decedent (IRD). This is an advanced course that assumes familiarity with basic principles of Federal income taxation and the law of wills and estates.

Prerequisite: LAW 293Q, 393Q, 493Q, 593Q or 254J, 354J, 454J, 554J. Federal Income Taxation.

Textbooks ( * denotes required )

Federal Estate & Gift Taxes: Code & Regulations (Including Related Income Tax Provisions) *

Wolters Kluwer US Editorial Staff

Wolters Kluwer
ISBN: 978-0-8080-6017-8

Federal Income Taxation Of Trusts And Es *

Ascher, Mark L., Danforth, Robert T., Ascher, Mark, and Danforth, Robert

Carolina Academic Press , edition: 4
ISBN: 978-1-5310-1112-3

Instructors

Ascher, Mark L.