Supreme Court to Rule on State Taxation of Trust Income

May/June 2019
Nebraska CPA
Read Time: Less than 1 minute

Last year’s landmark decision in Wayfair had widespread impact on remote retailers’ sales and use tax collection responsibilities. This year, in North Carolina Department of Revenue v. Kaestner Family Trust, the Supreme Court will address the issue of whether a trust beneficiary’s residence is sufficient for a state to tax the trust’s income.

Read more about the widespread impact the Supreme Court’s decision will have on state laws governing trust income taxation, including potentially Nebraska’s own laws on this issue in this article by Brandon Hamm and Mitch Hiatt. 

This content is made available for educational purposes only and to give you general information and a general understanding of the law, not to provide specific legal advice. By using this content, you understand there is no attorney-client relationship between you and the publisher. The content should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

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