2019-2020 Graduate Catalog 
    
    Mar 29, 2024  
2019-2020 Graduate Catalog [ARCHIVED CATALOG]

ACCT 6613 - Federal Income Taxation of Estates and Trusts


Prerequisite: ACCT 6601 . This course focuses on Subchapter J of Chapter I of the Internal Revenue Code (IRC §§ 641-692), which provides the rules for apportioning the tax liability from the income of an estate or trust between the entity and its grantors and beneficiaries. There will be detailed consideration of the conduit nature of estates and trusts, including DNI rules, the tier rules, differing treatment of simple and complex trusts, and a close analysis of the taxation of grantor trusts, including discussion of the planning opportunities presented through the use of such vehicles. 3 credits.