Your Client Ming Is a Complex Trust That Operates Exclusively

question 73

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.
Where fiduciary entities are used to shift income among taxpayers, the following planning objectives should be kept in mind.

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Definitions:

Prothallus

The gametophyte stage of ferns and some other non-seed vascular plants, typically small, green, heart-shaped, and bears the reproductive organs.

Gametophyte

The sexual form (haploid phase) in the life cycle of plants and algae that produces gametes through mitosis.

Ferns

Non-flowering vascular plants that reproduce via spores, possessing large, divided leaves.

Zygote

The initial cell formed when a new organism is produced by sexual reproduction, created by the union of sperm and egg.