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An abusive scheme toolkit for external stakeholders
Table of contents
- Introduction
- Facts
- Law and arguments
- Substance - not form - controls taxation
- Grantors may be treated as owners of trusts
- Taxation of non-grantor trusts
- Transfers to trusts may be subject to estate and gift taxes
- Personal expenses are generally not deductible
- A genuine charity must benefit in order to claim a valid charitable deduction
- Special rules apply to foreign trusts
- Talking points
- News releases
- Trifold available PDF
- Questions and answers
- Referrals/contacts
- Special types of trusts
- Glossary of trust terms
- Form 14242, Report Suspected Abusive Tax Promotions or Preparers PDF