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Comment on the following items relative to tax planning strategies of a fiduciary entity. To reduce taxes for a typical family, should income be shifted
Comment on the following items relative to tax planning strategies of a fiduciary entity.
- To reduce taxes for a typical family, should income be shifted to a trust or from a trust? Why?
- To reduce overall taxes, should a high-income, wealthy beneficiary be assigned to the first or second tier of trust distributions? Why?
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