In a previous post on New York State trust taxation, we learned that this area of taxation quickly gets complicated. There’s lots of ins and outs to trust taxation, in part because of there’s a lot of specialized terminology. We briefly discussed that there are three broad categories of trusts in New York, resident, nonresident […]
New York State income taxation of trusts can be a tricky subject. There are many pieces of information to take in. A trust is taxed at the federal level. But trusts are also subject to tax in the State of New York. Tax planning for trusts in New York requires a highly sophisticated analysis. There […]
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