Federal Taxation of Gifts, Trusts, and Estates
This 10 page report discusses numerous aspects of taxation and regulatory authority associated with estates, trusts, and gifts. Estate planners, accountants, Internal Revenue Service directors, the court system, and attorneys have also demonstrated very definite and widely varying opinions regarding the ways in which Americans’ estates, trusts, and gifts are taxed. The taxpayer relief act (TRA) of 1997 contained the most significant changes in the income taxation of estates and trusts since 1986. Bibliography lists 8 sources.