Federal Income Taxation of Trusts and Estates: Cases, Problems, and Materials examines the income taxation of estates and trusts, estate and trust beneficiaries, and trust settlors; its emphasis is on the provisions of "Subchapter J"-- the relevant portion of the Internal Revenue Code (sections 641 through 692)--and its first priority is to give readers an understanding of those provisions and how they work. The fifth edition brings the book completely up to date and includes all relevant developments since preparation of the fourth edition. In addition, there are numerous expansions of note materials to accommodate developments over the past ten years. The fifth edition also includes a brand-new chapter on fiduciary accounting income, which is often essential to computation of the entity's distribution deduction. Fiduciary accounting income is also ordinarily indispensable in the day-to-day administration of the entity.