A clarification of foreign trust reporting rules for U.S. owners by Carrie Brandon Elliot
By: Elliot, Carrie Brandon
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Material type: 
ArticlePublisher: 2024Subject(s): IMPUESTO SOBRE SUCESIONES Y DONACIONES | ESTADOS UNIDOS
In:
Tax Notes International v. 115, n. 11, September 9 2024, p. 1675-1681Summary: 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.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 138-Bis/2024/115/11-3 (Browse shelf) | Available | OP 138-Bis/2024/115/11-3 |
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.
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