ÐÇ¿ÕÌåÓýÊÖ»ú¶Ë

Abusive Trust Tax Evasion Schemes - Law and Arguments (Section I)

206 - Limits on distributable amount

May 8, 2024 ¡ª This week, the Treasury Department and the IRS released proposed regulations for transactions with foreign trusts and information reporting on transactions with foreign trusts and large foreign gifts that are reported using Forms 3520 and 3520-A.

The Department of the Treasury and IRS issued final guidance regarding per capita distributions made to members of Indian tribes from funds held in trust by the Secretary of the Interior.

Information about Form 1099-S, Proceeds from Real Estate Transactions (Info Copy Only), including recent updates, related forms and instructions on how to file. File this form to report the sale or exchange of real estate.

Insights into individual tribal members and collection issues.

Information about Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, including recent updates, related forms, and instructions on how to file. Form 706 is used to figure the estate tax imposed by Chapter 11, and compute the GST tax imposed by Chapter 13 on direct skips.

Information about Form 8879-F, IRS e-file Signature Authorization for Form 1041, including recent updates, related forms and instructions on how to file. A fiduciary and an electronic return originator (ERO) use this form when the fiduciary wants to use a personal identification number (PIN) to electronically sign an estate¡¯s or trust¡¯s electronic income tax return and, if applicable, consent to electronic funds withdrawal.

Some nonresident alien decedents with U.S. assets are required to file U.S. Estate Tax Returns.

Valuation of assets - Private foundation minimum investment return: Common trust funds