June 19, 2018
Fox Business quoted Tax Principal Michael D’Addio on the structuring of non-grantor trusts to work around the federal ceiling on deducting state and local taxes.
Fox Business
By Brittany De Lea
Excerpt:
“Ideally you would want to generate enough income so that after the deduction the trust has about $12,000 so as to get the maximum bracket benefit of the deduction,” Michael D’Addio, principal at Marcum LLP, told FOX Business.
