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Myth Busting the Recent IRS Revenue Ruling on IDGTs: What You Need to Know
A recent revenue ruling by the IRS has caused some confusion. The ruling applies to "intentionally defective grantor trusts" or IDGTs. Bellomo & Associates does not use IDGTs. Instead, the firm uses "irrevocable grantor trusts" or "pure grantor trusts." The IRS ruling does NOT apply to these types of trusts.
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What You Need to Know
(02:04) The…
The skinny
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