The Trust Fund Exclusion Doctrine and Rewards Programs  

The Trust Fund Exclusion Doctrine is a legal principle that allows businesses to exclude from their taxable income revenue that is held in trust for a third party. This doctrine is often used in the context of rewards programs, where businesses earn income from the redemption of rewards points. In order to apply the Trust Fund Exclusion Doctrine, the business must meet certain criteria. This short course provides an overview of the Trust Fund Exclusion Doctrine and some examples of its applications. Materials used for this course were supplied by Spidell's Federal Taxletter.

This overview course may be appropriate for professionals at all organizational levels.

CeriFi CPEdge is committed to bringing innovative solutions to you, now including nano-learning! As per NASBA Standards, a nano-learning course is a 10-minute, electronic, self-study course in which you are eligible to earn 1/5 (or 0.2) CPE credits.

At this time, nano-learning is not accepted by all state boards. If you are not sure whether your state board accepts nano-learning, you can ask your state board or visit the NASBA registry: (nasbaregistry.org).