A trust that can perform certain activities that a simple trust cannot, such as making tax deductible contributions to charities, retain trust income, and make tax deductible distributions to the trust's beneficiaries.
Related information about complex trust:
- What is a Complex Trust? | Estate Planner
Aug 1, 2011 ... Basically, a complex trust is one that cannot be classified as simple. In a nutshell, the complex trust is one that contains provisions for charitable ...
- Complex Trusts - TaxAlmanac
Apr 15, 2008 ... A complex trust is any trust that does not qualify as a simple trust; A complex trust can make charitable contributions; A complex trust can ...
- Guide to Types of Estate and Trust Entities - TaxAlmanac
Feb 18, 2007 ... Therefore, a complex trust satisfies at least one of the following ... Like a simple trust, a complex trust is allowed a deduction for income ...
- Types of Trusts
A "Complex Trust" is any trust that is not classified as a Simple Trust. For the definition of a "Simple Trust," please see Simple Trusts below. For a copy of the IRS ...
- What is complex trust? definition and meaning
Definition of complex trust: A trust that can perform certain activities that a simple trust cannot, such as making tax deductible contributions to charities, retain trust ...
- What Is a Complex Trust?
In regards to finance, a trust is an account that is created to hold money or property for someone. It is created primarily for tax purposes because trusts are ...
- Overview of Fiduciary Income Taxation - Internal Revenue Service
Major differences from personal exemption for individuals. • Personal exemption ( IRC §642(b)(3)). – Estate $600. – Simple trust $300. – Complex trust $300 or ...
- Income Taxation Of Trusts And Estates - Heritagewealthmgrs.com
complex trust, $600 for an estate). However, neither is allowed a standard deduction. The tax brackets for income taxable to a trust or estate are much more ...