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RE: [EXTERNAL]Re: DRAFT 2017 GIFT TAX RETURN
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T
Thomas Turrin Oct 2, 2018 6:02 PM
To
'jeffrey E.'
Jeffrey,
The password is in next email.
Attached is draft of 2017 gift tax return.
I'm available to discuss.
Best,
Tom
J
J Oct 3, 2018 10:52 AM
To
Thomas Turrin
did you review the j black trust bank account? if not please do.
T
Thomas Turrin Oct 3, 2018 11:18 AM
To
J
Yes, I did review the account.
No gifts to J Black Trust in 2017.
J
J Oct 3, 2018 11:24 AM
To
Thomas Turrin
was a final return filed for j black? was it s own taxpayer. was there money still there in jan? 17
T
Thomas Turrin Oct 3, 2018 5:52 PM
To
J
The trust is a grantor trust, no separate trust tax return required.
This trust never generated taxable income. The trust bank account is non-interest bearing.
There was approximately $270,000 in the account as of 1/1/17. By end of September there was approximately $450 remaining through 12/31/17, and as mentioned, no funds added during 2017.