IRS Simplifies Foreign Trust Reporting

IRS Simplifies Foreign Trusts Reporting

Posted Posted in Latest News

Foreign Pensions of US Expats and Inbound Foreign Nationals: IRS Simplifies Reporting Rules For Certain Foreign Trusts But There Is More to Consider   Summary The Internal Revenue Service (IRS) released on March 2, 2020, Revenue Procedure 2020-17, which exempts certain U.S. citizens and residents from foreign trust information reporting requirements relating to certain tax-favored […]