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Information about Form 706-GS(D), Generation-Skipping Transfer Tax Return for Distributions, including recent updates, related forms and instructions on how to file. A skip person distributee uses this form to calculate and report the tax due on distributions from a trust that are subject to the generation-skipping transfer (GST) tax.

Information about Form 706-GS(T), Generation Skipping Transfer Tax Return for Terminations, including recent updates, related forms and instructions on how to file. Trustees use this form to figure and report the tax due from certain trust terminations that are subject to the generation-skipping transfer (GST) tax.

To be used to value certain charitable interests in trusts. Pursuant to Internal Revenue Code ¡ì7520, the interest rate for a particular month is the rate that is 120 percent of the applicable federal midterm rate (compounded annually) for the month in which the valuation date falls. That rate is then rounded to the nearest two-tenths of one percent.

To be used to value certain charitable interests in trusts. Pursuant to Internal Revenue Code ¡ì7520, the interest rate for a particular month is the rate that is 120 percent of the applicable federal midterm rate (compounded annually) for the month in which the valuation date falls. That rate is then rounded to the nearest two-tenths of one percent.

Publication 1457, Actuarial Valuations Version 4A, provides examples for using actuarial factors for certain income, gift, and estate tax valuations of future interests.

August 30, 2022 ¡ª A Highland man who used his work history as a San Bernardino County sheriff's deputy to gain investors' trust and later invest millions of dollars with him, only to use their money to fund his extravagant lifestyle, was sentenced today to 168 months in federal prison.

August 25, 2023 ¡ª John Everson, of Liberty Center, Ohio, was sentenced today to 30 months in prison for evading taxes by using a sham trust to conceal income he earned from his electrical engineering business. A federal jury convicted Everson in October 2022 of three counts of tax evasion.

February 1, 2023 ¡ª A Fresno hairstylist and an actress have been charged in a 12 count indictment alleging they defrauded a physician out of more than $2.7 million before his death and then attempted to defraud his estate out of an additional amount exceeding $20 million, the Justice Department announced today.

Insights into withholding requirements on gaming revenue distributions, including per capita payments to nonresident aliens; the tax implications when per capita distributions are made to a minor or placed in trust; allocations under the Indian Gaming Regulatory Act (IGRA) and what are non-IGRA allocations; and withholding requirements with regard to IGRA distributions.

Notice 2003-24 Tax Problems Raised by Certain Trust Arrangements Seeking to Qualify for Exception for Collectively Bargained Welfare Benefit Funds under ¡ì 419A(f)(5)