Finanse publiczne · 05/08/2020

Cancellation of Hearing on Proposed Regulations Affecting Trusts and Estates

The IRS has cancelled a public hearing on proposed regulations clarifying deductions for estates and non-grantor trusts, which were set to take effect after December 31, 2025, and before January 1, 2027. The regulations aimed to guide the character, amount, and allocation of deductions exceeding the beneficiary's income upon trust termination.

Source: Federal Register — Department of the TreasuryOpen original release →

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