dog$

What is a grantor trust.

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dog$

, 19 Jun 2010 at 10:07 PM (817 Views)

A grantor trust is a legal trust under State law which isn't recognized as a separate taxable entity. A grantor trust is a legal trust under State law which isn't recognized as a separate taxable entity. A grantor trust is a legal trust under State law which isn't recognized as a separate taxable entity. A grantor trust is a legal trust under State law which isn't recognized as a separate taxable entity.

There, maybe now I'll remember.

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Comments

kingoffighters - 19 Jun 2010 10:37 PM
CPA exam? I am thinking about getting a Master of Finance/Accounting and the CPA in a couple of years.
Yoshi - 20 Jun 2010 08:52 AM
If you're like me, kof, accounting will make your head hurt. I found it illogical compared to math. It's much more about memorizing rules than making sense. Thankfully I only needed one or two semesters of it for my actuarial degree.

Updated 20 Jun 2010 at 12:59 PM by Yoshi
dog$ - 20 Jun 2010 12:18 PM
Originally Posted by kingoffighters

CPA exam?

Close. This is in regard to the Special Enrollment Exam to become an Enrolled Agent of the IRS.

Yoshi is right in that the test is much more about memorizing rules than anything else. The nice thing though is that all you need to do is pass the three tests (no longer four parts since the Estate Tax has been repealed) and you are as qualified as a CPA or lawyer to represent people in US tax court. The main reason I did that tax code project thing that I did was to help study for this test.