LATEST ACTION: October 29, 2019 - Referred to the House Committee on Ways and Means. BILL TITLE: To amend the Internal Revenue Code of 1986 to increase the amount excluded from gross income by reason ...
Recently, there seems to be some confusion regarding section 643(b) of the Internal Revenue Code of 1986, as amended (the “Code”), and its application to trusts. Indeed, that provision—particularly to ...
On November 7, 2024, the U.S. Internal Revenue Service (the IRS) released Form 15620, 1 which standardizes elections under section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code,” ...