Kay Hobart was quoted in Tax Notes on the North Carolina Supreme Court's Kaestner ruling, which struck down North Carolina's taxation of a trust.
“This is a significant case with potential ramifications beyond the taxation of trusts,” Kay said in the article. “Of particular interest is the court’s focus on separate legal entities and its refusal to impute the contacts of the beneficiaries to the trust.”
Subscribers can read the full article here. Tax Notes provides in-depth analysis to more than 150,000 tax professionals in law and accounting firms, corporations, and government agencies.
Kay also co-authored a client alert about the Kaestner case along with Madison Felder. You can read their analysis here.