Income

The earnings from principal, such as interest, rental payments, dividends. Income is a fiduciary trust accounting concept and is not the same as taxable income for income tax purposes. Trust accounting income is the amount of income of an estate or trust for the taxable year determined under the terms of the governing instrument and applicable local law. Trust provisions that depart fundamentally from traditional principles of income and principal will generally not be recognized.

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O'Fallon, MO

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Edwardsville

239 N Main St
Edwardsville, IL 62025

(618) 589-3825

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Reference: Income