IRS Issues Warning on TikTok-Promoted Trusts

IRS Issues Warning on TikTok-Promoted Trusts

IRS has issued a Chief Counsel Memorandum (CCM) – AM 2023-006 (August 9, 2023) warning people about the proliferation of incorrect information regarding so-called “NICDS” (non-grantor, irrevocable, complex, discretionary, spendthrift trusts). IRS says that several...