Learning from the Bloomberg BNA 2017 State Trust Nexus Survey
In Bloomberg BNA's 5th annual Trust Nexus Survey, senior state tax officials answered questions addressing their general trust income tax policies, the constitutional limitations placed on their taxation of trusts, the taxation of nonresident and part-year resident trusts, the availability of credits for taxes paid to other states and the specific activities that determine whether a trust is taxed as a resident trust in their state.
With the lack of uniform trust residency laws across the states, double taxation becomes a concern for all those involved with the creation and administration of a trust. When a trust is a resident trust under a state's law, the state may tax the trust's entire income. Because trust residency laws vary greatly among the states, a trust may be considered a resident trust in more than one state. As a result, the trust is subject to tax on its entire income in multiple states.
This webinar covers the results of BNA’s 2017 Trust Nexus Survey and examines broad trends that emerge through the states’ responses.
Speakers:
David A. Berek - Partner, Baker & McKenzie
Mark Hawkins - Director, Moss Adams
With the lack of uniform trust residency laws across the states, double taxation becomes a concern for all those involved with the creation and administration of a trust. When a trust is a resident trust under a state's law, the state may tax the trust's entire income. Because trust residency laws vary greatly among the states, a trust may be considered a resident trust in more than one state. As a result, the trust is subject to tax on its entire income in multiple states.
This webinar covers the results of BNA’s 2017 Trust Nexus Survey and examines broad trends that emerge through the states’ responses.
Speakers:
David A. Berek - Partner, Baker & McKenzie
Mark Hawkins - Director, Moss Adams
Lauren Colandreo - State Tax Law Editor, Bloomberg BNA
Total Credits: 1.00 unit
Online
On Demand
Online
On Demand
For further information see:
https://learning.bloombergnext.com/catalog/product.xhtml?eid=5910
https://learning.bloombergnext.com/catalog/product.xhtml?eid=5910
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