California Society of CPAs / Estate Planning / CalCPA Discussion Forum / Characterization of Trust / Latest PostsInstantForum.NET v4.1.4California Society of CPAshttp://forums.calcpa.org/forums@calcpa.orgWed, 16 May 2012 17:47:03 GMT20RE: Characterization of Trusthttp://forums.calcpa.org/Topic317-2-1.aspxI think if this entity is expected to continue, the IRS would say the Private Foundation rules apply. OTOH, if the trust is to pay out its corpus and dissolve within a year or two, it could be treated as a trust.<br><br>Tue, 06 Feb 2007 09:51:31 GMTBill