Taxing CRT Payments

In November of 2003, the Internal Revenue Service proposed new regulations governing the taxation of charitable remainder unitrust and annuity trust payments. The rules apply to 2003 (some apply to earlier years), so trustees must take them into account when filing tax returns and reporting to beneficiaries. The proposed regulations1 introduce some new terms. They also provide that income can be taxed

In November of 2003, the Internal Revenue Service proposed new regulations governing the taxation of charitable remainder unitrust and annuity trust payments. The rules apply to 2003 (some apply to earlier years), so trustees must take them into account when filing tax returns and reporting to beneficiaries.

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