OrbitaxU.S. IRS Publishes Practice Units on Foreign Trusts and Structures used to Conceal Beneficial Ownership of Foreign Accounts and Assets
|Approved Changes|United States
The U.S. IRS has recently published four international practice units, including:
- Basic Offshore Structures Used to Conceal U.S. Person’s Beneficial Ownership of Foreign Financial Accounts and Other Assets
- Defining the Entity – Foreign Trusts
- Foreign Grantor Trust Determination – Part II – Sections 671-678
- Foreign Grantor Trust Determinations – Part I – Section 679
International practice…
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