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New IRS Practice Unit - Taxation of Beneficiary of a Foreign Non-Grantor Trust

2023-12-01

IRS Practice Unit

Yesterday the IRS published a new practice unit titled Taxation of Beneficiary of a Foreign Non-Grantor Trust.

This practice unit discusses the classification of foreign trusts, the “default calculation”, Form 3520, Form 4970, and more.

Tags: 641-684 Trusts, Form 3520 / 3520-A, Other - IRS Practice Units