Assertion: irrevocable trust | /r/CapableOf | pay income tax
Facets:
value: on accumulated income
type: OTHER
value: on its earnings
type: TRANSITIVE-OBJECT
Source sentences:
text: As noted above, an irrevocable trust must pay income tax on its earnings.
text: An irrevocable trust pays income taxes on accumulated income that isn't distributed to beneficiaries.