We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Choosing the Optimal Initial Income Tax Year End for Estates: Comparing the Calendar and Fiscal Year Option.
- Authors
Brinker, Jr., Thomas M.; Harvey, Christopher M.
- Abstract
The article examines income tax issues in estate administration and planning. The decision as to whether to choose the calendar year or fiscal year as the basis for year end accounting of taxes is discussed. It is noted that many financial service advisers tend to select the calendar year end for ease of administration. Sections of the U.S. Internal Revenue Code are cited to demonstrate examples of situations in which the choice of a fiscal year end date offers the estate significant tax benefits.
- Subjects
UNITED States; TAX planning; INTERNAL revenue law; INCOME tax; TAXATION of estate planning; FINANCIAL planning; ESTATES (Law); INCOME in respect of decedent
- Publication
Journal of Financial Service Professionals, 2009, Vol 63, Issue 5, p10
- ISSN
1537-1816
- Publication type
Article