McGuireWoods Partner Andrea C. Chomakos will be speaking at the 52nd Annual Estate Planning Institute, a PLI webcast course addressing "State Income Taxation of Non-Grantor Trusts."
What Attendees Will Learn
When Trusts are subject to income tax on all income per state statutes
- Understanding the 2018 Wayfair decision and other constitutional challenges to states’ authority to tax accumulated trust income under the Due Process and Commerce Clauses
- The responsibility of fiduciaries when assessing state income tax matters
- Recent efforts to draft legislation to address constitutional deficiencies
- Practical approaches taken by in- and out-of-state fiduciaries to assert reasonable reporting positions or claim refunds.
More information and registration details are available at the PLI website.