Foreign Trusts: An Answer to the Capital Loss Debate

State and Local Tax (SALT) | Jack Brister, CMA | Sep 12, 2013

The enactment of the Small Business Job protection Act of 1996 expanded the differences in grantor trust rules for foreign and domestic trusts. At the same time, it narrowed the distributable net income (DNI) computation rules for foreign trusts. These changes leave little room for interpretation-with one major exception. Professionals are still debating if a foreign trust can carry over a net capital loss for the current year.

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2020-01-03T10:53:16-05:00
Advisory
Oct 11, 2022
Diane L. Walsh
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How to Engage Your Whole Firm to Grow Social Media

Growing your social media presence and reach is now more critical than ever to a professional services firm. Your most crucial conduits of this are your own team members. I understand this is a lot easier said than done. However, you can implement several processes and communications to encourage team members to participate. 

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