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Your Client Ming Is a Complex Trust That Operates Exclusively

question 153

Essay

Your client Ming is a complex trust that operates exclusively in the U.S. Make a list of five or more tax planning opportunities that you might suggest to Ming.


Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, typically reported on the income statement.

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after all expenses are deducted.

Income Tax Rate

The percentage at which an individual or corporation is taxed on their income.

Net Income

Net Income is the total profit of a company after all expenses have been deducted from revenues.

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