The Resource Further guidance on the taxation of foreign trusts: many questions remain

Further guidance on the taxation of foreign trusts: many questions remain

Label
Further guidance on the taxation of foreign trusts: many questions remain
Title
Further guidance on the taxation of foreign trusts: many questions remain
Creator
Subject
Summary
This article deals with the new US foreign trust provisions, enacted August 20, 1996. It first examines the rules for determining the residence of trusts set forth in the proposed IRS regulations. In addition, the author deals with the transitional rule which allows additional time to modify trusts that would be reclassified from domestic to foreign trust and consequently would be subject to the 35% excise tax. Next it reviews the proposed regulations for implementing the inbound granter trust rules. Finally, it discusses the comprehensive information reporting requirements
Citation source
In: Tax Management International Journal. - Washington DC. - Vol. 26 (1997),
http://library.link/vocab/creatorName
  • Levine, H.J
  • Weintraub, David A
http://library.link/vocab/subjectName
trust
Label
Further guidance on the taxation of foreign trusts: many questions remain
Instantiates
Publication
Abbreviated title
TMIJ
Label
Further guidance on the taxation of foreign trusts: many questions remain
Publication
Abbreviated title
TMIJ

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