Regulation & law · 24/12/2002Updated: 10/17/2026 · 1 min read

IRS Finalizes Regulations for Treating Revocable Trusts as Part of an Estate for Tax Purposes

The Internal Revenue Service (IRS) has released final regulations outlining the procedures and requirements for electing to treat certain revocable trusts as part of an estate for tax purposes, effective January 1, 2024, as part of the Taxpayer First Act of 2019 (TFA). These regulations aim to provide clarity on the tax treatment of trusts and estates during the election period and upon termination.