Elliot, Carrie Brandon

A clarification of foreign trust reporting rules for U.S. owners / by Carrie Brandon Elliot .-- , 2024

Published May 8, new proposed regs (REG-124850-08) provide guidance on information reporting of transactions with foreign trusts, receipt of large foreign gifts, loans from foreign trusts, and uses of foreign trust property. The regs also contain proposed amendments to the rules governing foreign trusts that have one or more U.S. beneficiaries. The proposed regs affect U.S. persons that own or transact with foreign trusts or that receive large gifts or bequests from foreign persons.


IMPUESTO SOBRE SUCESIONES Y DONACIONES
ESTADOS UNIDOS

Tax Notes International 1048-3306 v. 115, n. 11, September 9 2024, p. 1675-1681

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