FIDUCIARY INCOME TAX

Fiduciaries of trusts and estates are treated differently for federal income tax purposes. Generally, any income distributed by the trust or estate fiduciary during the tax year is not taxable to the trust or estate. Instead, that income is taxable to the beneficiary. Any income not distributed by the trust or estate fiduciary during the tax year is taxable to the fiduciary. The attorneys at M.E. Roberts Law are experienced in working with the fiduciary income tax and navigating how to file taxes accordingly.