Navigating Trust Taxation: State Income Tax

Like individuals, trusts are subject to income tax by the federal government and a majority of states. If a trust is characterized as a “grantor” trust, then its income is reported by the grantor thereof, who is usually the trust creator, and taxed as if earned by the...

Supreme Court Update: Consumer Financial Protection Bureau v. Community Financial Services Association of America, Ltd. (No. 22-448), National Rifle Association v. Vullo (No. 22-842), Warner Chappell Music, Inc. v. Nealy (No. 22-1078), and Culley v. Marshall (No. 22-585)

Greetings, Court Fans! It’s the First Monday of June, meaning the Court’s about to step on the gas with respect to decisions. Despite the Court’s somewhat lethargic output to date, we’ve still managed to find ourselves buried beneath a pile of decisions. Here’s a...