New questions spring from the application of ESBT provisions. (electing small business trust): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on August 1, 1997. The length of the article is 1164 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The 1997 electing small business trust (ESBT) provisions, which allow an S corporation to be owned by an ESBT, conflict with some existing state laws. Penn and Calif tax laws on S status, for example, do not conform with the revised federal provisions. Other unresolved issues include trust distribution treatment when an ESBT holds other assets and the coordination between grantor trust and ESBT rules. The rules do provide more flexible estate planning options for S corporation owners.

Citation Details
Title: New questions spring from the application of ESBT provisions. (electing small business trust)
Author: Michael Kolk
Publication:The Tax Adviser (Magazine/Journal)
Date: August 1, 1997
Publisher: American Institute of CPA's
Volume: 28 Issue: n8 Page: 492(2)

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