The Code Defines a "Simple Trust" as Which of the Following

question 92

Multiple Choice

The Code defines a "simple trust" as which of the following?

• A)One which is allowed to file Form 1041-EZ.
• B)One which has only one income beneficiary.
• C)One whose grantor was not a corporation.
• D)One which must distribute its accounting income every year.

---

Definitions:

Internet Research

The process of conducting research using the internet as a primary source of information, involving various digital tools and resources.

West Legal Directory

A comprehensive directory providing information on legal professionals and firms across the United States.

Lawyers

Professionals licensed to practice law, advising and representing individuals, businesses, and government agencies in legal matters.

Legal Research

The process of identifying and retrieving information necessary to support legal decision-making, including statutes, case law, and regulations.