Category Archives: Asset Protection Trusts

Income Taxation of New York Trusts

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Tax News & Comment — May 2013

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IRS Ruling Provides Basis for Asset Protection Trust in Nevada

I.    Tax & Asset Protection Benefits of PLR 201310002.   New York imposes among the highest level of income tax of all states. New York City residents pay even more tax for the privilege of residing there. Income is taxed to … Continue reading

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