Unit 6: Tax Compliance for Trusts - 2024

This session gives an overview of trusts, including distribution resolutions and streaming, family trusts, and more.

Includes a trust tax return demo on Xero Tax.

In this unit, we cover:

• Trusts 101

  • Trust roles

  • How is a trust taxed?

  • What is the "income" of the trust?

  • Using trust losses

  • Vesting the trust

• Distribution resolutions & Streaming

• Family Trust...