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Keith Youngren, CPA
"Simple trust" is a term used in the Internal Revenue Code to define a trust that:
• Is not a grantor trust or required to be treated as a grantor trust;
• Is required to distribute all income annually; and
• Does not distribute the corpus of the trust or make charitable contributions. (IRC Section 651).
If you would like more information on trusts or setting up one, please contact Keith Youngren at www.taxconnections.com/Keith-Youngren-CPA/12274983/United-States/Texas/Austin/profilepage
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181 weeks ago
• Is not a grantor trust or required to be treated as a grantor trust;
• Is required to distribute all income annually; and
• Does not distribute the corpus of the trust or make charitable contributions. (IRC Section 651).
If you would like more information on trusts or setting up one, please contact Keith Youngren at www.taxconnections.com/Keith-Youngren-CPA/12274983/United-States/Texas/Austin/profilepage