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Mandarini Mandarini
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7 years ago
Identify which of the following statements is true.
A) Under the grantor trust rules, a grantor may be taxed on all or a portion of the trust's income even though the income is distributed to the named beneficiary or someone else.
B) An irrevocable trust cannot be a grantor trust.
C) Large amounts of income can be shifted to children under the age of 18 through the use of trusts that make distributions, and the income will be taxed at the lower rates of the children.
D) All of the above are false.
Textbook 
Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
Authors:
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RimounRimoun
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7 years ago
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Mandarini Author
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#2
7 years ago
Wow you guys are great!!!!!!!!!!!!!!

always correct
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