Section 2503 (c) Of The Internal Revenue Code

Definition of "Section 2503 (c) of the internal revenue code"

Tom Hayes real estate agent

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Tom Hayeselite badge icon

Long & Foster Westminster, MD - Realty

Section of the code that qualifies the establishment of a trust for minors under which income can be accumulated until the minor reaches age 21. At that point, the accumulated income can be disbursed and the $10,000 annual gift tax exclusion for each beneficiary can be utilized.

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