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Archive for the ‘Foreign Trusts’ Category.

CERTAIN TAX-FAVORED FOREIGN TRUSTS NOW EXEMPT FROM INFORMATION REPORTING!

The IRS has issued Rev Proc 2020-17, 2020-12 IRB, that exempts from information reporting requirements certain tax-favored foreign trusts that are established and operated exclusively or almost exclusively to provide pension or retirement benefits, or to provide medical, disability, or e...

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