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TREAS/IRS RIN: 1545-BI04 Publication ID: Fall 2016 
Title: Information Reporting on Transactions With Foreign Trusts and on Large Foreign Gifts 

These regulations propose guidance under sections 6048, 6677, and 6039(F) of the Internal Revenue Code relating to information reporting on transactions with foreign trusts and on large foreign gifts. This document also contains proposed regulations under section 643(i) relating to loans from or uncompensated use of property of foreign trusts, as well as proposed amendments to the regulations under section 679 relating to foreign trusts having one or more U.S. beneficiaries.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: Undetermined 
CFR Citation: 26 CFR 643    26 CFR 6039(F)    26 CFR 6048    26 CFR 6677    26 CFR 0679     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 7805   
Legal Deadline:  None
Action Date FR Cite
NPRM  12/00/2016 
Additional Information: REG-124850-08 Drafting attorney: Tracy M. Villecco (202) 317-6933 Reviewing attorney: Lara A. Banjanin (202) 317-6933 Treasury attorney: Quyen Huhnh (202) 622-1707 CC:INTL
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-BM79 
Agency Contact:
Tracy M. Villecco
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-4965