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Blattmachr on Income Taxation of Estates and Trusts (Sixteenth Edition)

Author(s): Jonathan G. Blattmachr, F. Ladson Boyle
Practice Area: Estate planning, Estate tax, Estates and trusts, Income tax, Tax
Published: Sep 2013
Supplement Date: Oct 2017 i Other versions can be found in the Related Items tab.
ISBN: 9781402420610
PLI Item #: 50518

“This book is essential to my practice and an invaluable reference tool. It’s the next best thing to having Blattmachr on speed dial.”
– Charles M. Sarowitz, Sarowitz Milito & Company, CPAs

Blattmachr on Income Taxation of Estates and Trusts offers comprehensive analysis of federal taxation of estates and trusts.
You’ll find vital information on:

  • how to accurately complete a decedent’s final return,
  • the taxation of foreign trusts, simple and complex trusts, and charitable lead trusts,
  • income tax issues that must be addressed when using revocable trusts as an estate planning vehicle to avoid probate and increase confidentiality,
  • how income in respect of a decedent is taxed,
  • the taxation of estates and trusts as S corporation shareholders, and
  • the classification of land trusts as not trusts at all.

Written by authorities with more than seventy years of combined experience in the field, Blattmachr on Income Taxation of Estates and Trusts provides in-depth discussion of:

  • tax depreciation and depletion deductions of property held by an estate or trust,
  • income tax deductions for net operating losses for estates and trusts,
  • income tax deductions related to qualified production activities income, and
  • income tax deductions. for federal estate taxes attributable to the right to the income in respect of the decedent.
Filled with practical pointers, this book describes audits of fiduciary income tax returns, emphasizing the primary issues that the IRS focuses on. A 1041 sample worksheet and instructions, as well as a checklist for fiduciary income tax pick-ups are included.
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F. Ladson Boyle is the Charles Simon Professor of Federal Law at the University of South Carolina and a former Adjunct Professor of Law at the University of Miami’s LL.M. in Estate Planning. He teaches estate and gift tax, income tax, income taxation of trusts and estates, and criminal law. In prior years, he has taught partnership tax, tax research, and trusts and estates. He received his B.S. degree from the College of Charleston in1969, his J.D. degree from the University of South Carolina School of Law in 1974, and his LL.M. degree in Taxation from New York University in 1975.

He serves as a faculty advisor to the ABA’s Real Property, Probate, and Trust Journal and serves on the University Committee on Distinguished and Chair Professors. His publications include Federal Taxation of Estates, Trusts and Gifts (with Bloom, et al, Revised 3d Edition 2003), and Federal Taxation of Estates, Trusts and Gifts, Revised Third Edition Teacher’s Manual (2003); The Rehnquist Court: Nineteen Years of Tax Decisions, 25 Virginia Tax Review 452 (2005); When It's Broke, Fix It: Reforming Irrevocable Trusts to Change the Tax Consequences, 53 TAX LAWYER, No. 4, 821 (Summer 2000); Present Interest Gifts in Trust: Donor and Donee Problems, 29 GONZAGA L. REV. 456 (1994); Evaluating Split-Interest Valuation, 24 GEORGIA LAW REVIEW 1 (1989); Tax Consequences of Equitable Adjustments, 37 S.C.L. REV. 583 (1986); and What Is a Trade or Business, 39 TAX LAWYER 737. He is also the co-editor of the Probate Practice Reporter. He is the 2003 recipient of the Best Faculty Publication Award for a book and the 1986 Faculty Service Award.

Jonathan G. Blattmachr is a member of the bars of Alaska, California, and New York. He is a partner in the law firm of Milbank, Tweed, Hadley & McCloy, LLP, a former lecturer-in-law at the Columbia University School of Law, and a former adjunct professor of law of the New York University Law School. He is a former chairperson of the Trusts & Estates Law Section of the New York State Bar Association and of committees of the Real Property, Probate and Trust Law Section of the American Bar Association. He is the author of the book Wealth Preservation and Protection for Owners of Closely Held Businesses (and Others) (1993, 1999), coauthor of the book Carryover Basis Under the 1976 Tax Reform Act (1977), and former editor of The Chase Review, and has written for professional journals. Mr. Blattmachr is a fellow of the American College of Trust and Estate Counsel and a member of other professional organizations.