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This page contains a single entry by Associate Editor published on July 26, 2010 2:55 PM.

IRS Issues Guidance for Powers of Appointment and Generation-Skipping Transfer Tax was the previous entry in this blog.

IRS Summertime Tax Tip 2010-06: Five Facts about the Making Work Pay Tax Credit is the next entry in this blog.

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IRS Rules on Passive Activity Loss Requirement for Trusts

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Associate Editor
on July 26, 2010 TrackBacks (0) Comments (0)

The IRS recently ruled that for the passive activity loss rules to apply in the context of a trust, "material participation" is only met if the trustee is involved in the activity on a regular, continuous and substantial basis.

See Trustee's 'Material Participation' Attributed to Trust for Passive Activity Loss Purposes, 2010 TNT 142-62 (April 7, 2010).

Posted by James G. Haskell, Associate Editor, Wealth Strategies Journal.

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