Tag Archives: Residuary Trust Under the Will of Fred E. Kassner v. Division of Taxation

Trusts Find Shelter from State Taxes in State Courts

By Lucas Witters on July 31, 2015 Posted in Income Tax, Tax

In two recent cases, taxpayers have successfully challenged state taxation of trust income on the basis that the taxing states had a minimal connection to the trust. In The Kimberly Rice Kaestner 1992 Family Trust v. North Carolina Dept. of Revenue, 2015 WL 1880607 (April 23, 2015), the court ruled that both the North Carolina … Continue Reading