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Community: Investing Wiki

Term Of The Hour

revocable trust tax: Original post by Constitution Guru of Demand Media The Internal Revenue Service (IRS) refers to revocable trusts as "grantor trusts." The IRS rules dictate that a grantor trust, or a revocable trust, is merely an extension of the grantor. This means that any property owned by the trust, or income produced by the trust, is the property or income of the grantor. The grantor trust rule…

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