Tax Notes Today reports today, at 2014 TNT 185-5, that IRS Attorney, Adrienne Mikolashek, stated at a DC Bar Tax Section luncheon that the IRS is just beginning the process of developing guidance on the material participation of trusts and estates and is trying to determine how broad the scope of that project will be.  Currently, the thinking is that this project will be a regulations project, according to Tax Notes.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.