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TREAS/IRS RIN: 1545-BI04 Publication ID: Spring 2024 
Title: Transactions With Foreign Trusts and Information Reporting on Transactions With Foreign Trusts and Large Foreign Gifts 
Abstract:

These regulations propose guidance under sections 6048, 6677 and 6039F 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: No 
CFR Citation: 26 CFR 1   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 643    26 U.S.C. 679    26 U.S.C. 6039F    26 U.S.C. 6048   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/00/2024 
Additional Information: REG-124850-08 (NPRM) Drafter attorney: Eva S. Wolf (202) 317-3893 Reviewer attorney: Lara A. Banjanin (202) 317-4968 Treasury attorney: Natalie Punchak (202) 622-1479 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 
Agency Contact:
Eva S. Wolf
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 4112W,
Washington, DC 20224
Phone:202 317-3893
Fax:855 591-7866
Email: s.eva.wolf@irscounsel.treas.gov