Month: January 2017

Timely Distributions of Trust or Estate Income Can Reduce Taxes

Posted Tuesday, January 24th, 2017
A trustee may be able to reduce income taxes by making a distribution of income from a trust to beneficiaries by March 6, 2017.  Similarly, an estate that reports its income on the basis of a calendar year may be able to reduce income taxes by distributing income to one or more beneficiaries by March 6, 2017.  Trust or estate…