Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts Gift Tax and Esta

Assignment 4: Tax-Planning Client Letter on Irrevocable Trusts Gift Tax and Estate TaxDue Week 10 and worth 150 pointsSuppose you are a CPA and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildren. He wants the income from the trust paid to the children for 20 years and the principal distributed to the children at the end of 20 years.Use the Internet and Strayer databases to research the rules regarding irrevocable trusts gift tax and estate tax. Be sure to use the six (6) step tax research process in Chapter 1 and demonstrated in Appendix A of your textbook as a guide for your written response.Write a one to two (1-2) page letter in which you:Your assignment must follow these formatting requirements:The specific course learning outcomes associated with this assignment are: