The Grantor Trust Answer Book is designed for practitioners who need quick and authoritative answers to questions concerning the grantor trust rules in the Internal Revenue Code. This book uses simple, straightforward language. The question and answer format, with its breadth of coverage, effectively conveys the complex subject matter of the grantor trust rules. In addition, the book provides an extensive index.

Here are some of the important features of the book:

• List of Questions. A detailed list of questions follows the table of contents in front of the book in order to help the reader locate areas of immediate interest. This list provides both the question number and the page number on which it appears. A series of subheadings help to group and organize the questions by topic within each chapter.
• Question Numbers. The questions are numbered consecutively within each chapter (e.g., Q 2:1, Q 2:2, Q 2:3).
• Index. At the back of the book is an index provided as an aid to locating specific information. All references are to question numbers rather than page numbers.

The book contains 15 content-packed chapters and the Table of Contents gives you a sense of how comprehensive the book is:

 

Contents

List of Questions.................................................................... xiii

Chapter 1

Overview of Grantor Trusts: Principles and Taxation.......... 1001

Chapter 2

Code Section 671—Trust Income, Deductions and Credits

Attributable to Grantors and Others as Substantial Owners 2001

Chapter 3

Code Section 672—Grantor Trust Definitions and Rules..... 3001

Chapter 4

Code Section 673—Reversionary Interests and the Grantor

Trust Rules.......................................................................... 4001

Chapter 5

Code Section 674: Power to Control Beneficial Enjoyment and

the Grantor Trust Rules...................................................... 5001

Chapter 6

Code Section 675: Administrative Powers and the Grantor

Trust Rules.......................................................................... 6001

Chapter 7

Code Section 676: The Power to Revoke a Trust and the

Grantor Trust Rules............................................................ 7001

Chapter 8

Code Section 677: Income for the Benefit of the Grantor and

the Grantor Trust Rules...................................................... 8001

Chapter 9

Code Section 678: Person Other than the Grantor Treated as

the Substantial Owner of the Trust...................................... 9001

Chapter 10

Code Section 679: Foreign Trusts Having One or More United

States Beneficiaries........................................................... 10,001

Chapter 11

The Relationship between Grantor Trusts and the Gift and

Estate Taxes...................................................................... 11,001

Chapter 12

Grantor Trusts: Miscellaneous Critical Planning Issues..... 12,001

Chapter 13

Grantor Retained Interest Trusts: GRATs, GRUTs and GRITs    13,001

Other Planning with GRATS.................................... 13,031

Chapter 14

Residences, Personal Residence Trusts, Qualified Personal

Residence Trusts............................................................... 14,001

Residences in General............................................ 14,001

Personal Residence Trusts...................................... 14,003

Qualified Personal Residence Trusts........................ 14,008

Planning with Qualified Personal Residence Trusts.... 14,032

Chapter 15

Intentionally Defective Grantor Trusts............................... 15,001

The Intentionally Defective Grantor Trust: What It Is; How

Does It Work; When Is It Used................................. 15,001

Sale of Property to an Intentionally Defective Grantor

Trust...................................................................... 15,027

Index.................................................................................. 16,001