• Knight v. Commissioner -- U.S. Supreme Court Rules On Important Issue Regarding Income Taxation of Trusts
  • February 11, 2008 | Author: Stuart P. Tobisman
  • Law Firm: Loeb & Loeb LLP - Los Angeles Office
  • U.S. Supreme Court decisions relating to income tax are rare. Rarer still are Supreme Court decisions involving the income taxation of trusts. The Supreme Court's recent decision in Knight v. Commissioner, which resolved a significant controversy concerning the income taxation of trusts, requires trustees, both corporate and individual, to understand the decision and its implications.