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Posts tagged "Minimum Contacts for Taxing Trust Income"

State Taxation of Trust Income: The US Supreme Court Has Spoken

Little did Joseph Lee Rice III know that, way back in 1992, when he created the Kimberley Rice Kaestner 1992 Family Trust, his descendants (the trust beneficiaries) would find themselves making claims before the Supreme Court of the United States someday; yet, some 27 years later, that is exactly the taxing situation in which the trust, the trustee, and the trust beneficiaries find themselves.
Jenkins Fenstermaker, PLLC Best | Client Recommended | 2019