Press Release

Revenue Ruling 2023-02

May 2, 2023

IRS Rules Against A Tax Tactic For Irrevocable Grantor Trusts

Revenue Ruling 2023-02 provides important guidance on the tax treatment of certain transactions, clarifying the rules and regulations for taxpayers. Senior Financial Planner, Thomas Pontius discusses the ruling and how it will impact affected wealthy clients and their estates. He shares with Financial Advisor Magazine how he is advising such clients.

Read Thomas’s insights: https://bit.ly/3Hs6FyD

Learn about KAR’s tax planning services or contact our office.

The information provided here should not be considered legal or tax advice and all investors should consult their legal and/or tax professional about the specifics of their own legal and tax situation to determine any proper course of action for them. KAR does not provide legal or tax advice and nothing herein should be construed as legal or tax advice, and information presented here may not be true or applicable for all legal and income tax situations. Tax laws can and frequently do change, and KAR does not undertake to update this should any changes occur.

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This information is being provided by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) for illustrative purposes only. Information contained in this article is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the date of the material, and KAR does not undertake to update the information presented should it change. This information is based on KAR’s opinions at the time of the publication of this material and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein. Past performance does not guarantee future results.

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