U.S. High Court Will Hear Appeal Over Family Trust Taxes

Mealey's (January 11, 2019, 3:11 PM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Jan. 11 granted a petition for a writ of certiorari filed by the North Carolina Department of Revenue after the North Carolina Supreme Court ruled that it improperly taxed a family trust based on the in-state residency of a beneficiary (North Carolina Department of Revenue v. Kimberly Rice Kaestner 1992 Family Trust, No. 18-457, U.S. Sup.)....