This course will be taught entirely online via Zoom.
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 254J, 354J, 454J, 554J. Federal Income Taxation.
Textbooks ( * denotes required )
Federal Estate & Gift Taxes: Code & Regulations, Including Related Income Tax Provisions
*
Ascher, Mark L 