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Spring 2012 - Federal Income Tax of Trusts/Estates

Ascher, Mark L

Course ID: 254U  Unique # 29110  Credit Hours: 2
Meeting DaysTimesLocation
   Monday 12:30 pm - 1:20 pm TNH 3.124
   Wednesday 12:30 pm - 1:20 pm TNH 3.124
Exam Type   Date   Time      Name Range   Room  
  Final Thursday, May 10    8:30 am          A-Z
Registration Information
This course is restricted to upper division students only.

This two-hour course examines the Federal income taxation of estates, trusts, grantors, and beneficiaries, as prescribed by Subchapter J of the Internal Revenue Code.  In particular, this course focuses on how the income taxation of estates and trusts differs from that of individuals.  Central topics include distributable net income (DNI), the distribution deduction, the grantor trust rules, and income in respect of a decedent (IRD).

This is an advanced course that assumes familiarity with basic principles of Federal income taxation.  Therefore, each student who enrolls in this course must already have completed FIT or have had substantially comparable training or experience.  Students may not satisfy this requirement by taking FIT simultaneously.  Students should also have taken or currently be taking Wills and Estates.

This course is to be distinguished from Federal Estate and Gift Tax, which does not involve income taxation, but, instead, the taxation of wealth transfers.

Prerequisite:  FIT.

Prerequisite/co-requisite:  Wills and Estates.

Related Course Areas