Income Ordering Rules for Trust Distributions to Charity

Income Ordering Rules for Trust Distributions to Charity

New regulations leave unanswered questions

 

In April 2012, the Treasury and the Internal Revenue Service issued final Treasury regulations under Internal Revenue Code Section 642(c), which provide rules for determining the character of income distributed to charity from a trust. These rules are particularly important for trustees of charitable lead trusts (CLTs) because they affect the abil

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TAGS: Philanthropy
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