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Is the trustee of an irrevocable trust responsible for reporting partial surrender as income to be taxed?
Income to the trust or income to the donor of the trust? If the donor of the trust is taking income from it, this may be considered an incidence of ownership, violating the irrevocable nature of the trust. Ouch.
This is potentially a very technical question and may require outside help. You may want to seek the help of a corporate trustee, or use a service from ours.
What else can I help you with?
What is the word for partial refund?
Resale
What is the journal entry for partial cash and credit payments?
[Debit] Purchases [credit] Cash (partial) [credit] accounts payable (balance)
How it is called partial refund?
It can be called a resale.
Deferred payments are usually only accepted on partial orders that are?
delievered
What is the journal entry of an advertising bill received but not paid Then later a partial payment is made?
When bill received:[Debit] Advertisement expense[Credit] Expenses payableWhen partial payment[Debit] Expenses payable[credit] Cash / bank
What is the difference between a policy loan and a partial surrender of a life insurance policy?
A policy loan is a loan against your cash value that you would have to pay back and they charge you an interest on the money you took out. The partial surrender is taking some of your cash value but it in effect will lower the death benefit. Careful!!
What is a partial surrender?
Partial surrenders are fairly simple. They are removal of a portion of the original cash balance of an insurance policy or annuity. You should either contact your insurance agent or the company from which you purchased your policy.
What is responsible for the partial melting of peridotite beneth the mid-ocean ridges?
An increase in pressure.
Can a cosigner be sued while original borrower is trying to make partial payments?
Sure. Partial performance = no performance. Or please, tell you boss if he has anything else he'd rather do with it, your fine with partial pay this month and next, and next....you wouldn't think of holding him (or unemployment insurance) responsible.
Which organ is responsible for regulating the partial pressure of carbon dioxide in body fluids?
The lungs are primarily responsible for regulating the partial pressure of carbon dioxide in body fluids through the process of gas exchange. When you exhale, carbon dioxide is removed from your body, helping to maintain the balance of gases in your bloodstream and tissues.
What is a partial hepatectomy?
A partial hepatectomy is a partial removal of the liver.
What is partial endorsement?
partial
Early reporting of election outcome generally results in?
early reporting of election outcome generally results in preliminary or unofficial results. These results are based on partial vote counts and are subject to change as more votes are counted. It is important to wait for official results from election authorities before drawing any definitive conclusions.
What is prefix of partial?
im-partial
What is the partial prefix?
im-partial
What is the prefix of partial?
im-partial
What is a Partial shadow?
a partial shadow is a penumbra
