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Tax Professionals Use the Terms Simple Trust and Complex Trust

question 130

Essay

Tax professionals use the terms simple trust and complex trust when dealing with fiduciary arrangements. How does one know whether a trust is simple or complex? When is this determination made?


Definitions:

Foreign Students

Individuals who travel to another country for the purpose of pursuing education that is not available in their home country.

College Life

The experience of attending a college or university, encompassing academic responsibilities, social activities, and personal growth opportunities.

Confidential

Pertains to information that is meant to be kept secret or private between individuals or parties.

Participant's Identity

Information related to a study participant that could reveal who they are, often protected in research to ensure privacy and confidentiality.

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