Section 643(b) And Trusts
Published: Jan 10, 2023
Recently, there seems to be some confusion regarding section 643(b) of the Internal Revenue Code of 1986, as amended (the "Code"), and its application to trusts. Indeed, that provision—particularly to those not well-versed in federal trust taxation—can confound many. This article seeks to dispel some of the complexity surrounding section 643(b)....