We will discuss when a grantor or a beneficiary is taxed as the deemed owner of a revocable or irrevocable trust (the “grantor trust” rules) instead of following the normal rules of fiduciary income taxation. We will review reporting grantor trusts and what triggers grantor trust status and conclude with how to avoid unintentionally triggering the grantor trust rules when planning irrevocable trusts. This course is limited to the basics and does not cover advanced planning techniques for irrevocable grantor trusts. 

Learning Objectives:

• Determine who is the grantor or potential deemed owner 


• List how to report grantor trusts 


• Identify key definitions in applying the grantor rules, including spousal attribution 


• Recall when a grantor’s retained rights (not as a trustee) can trigger grantor trust treatment 


• Recognize when a trustee’s authority triggers grantor trust treatment

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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