Castro Special Report | IRS Release New Rev. Proc. 2020-17 Exemptions to Form 3520 Foreign Trust Reporting

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by John Anthony Castro, J.D., LL.M.

Introduction

The IRS created new exemptions for U.S. taxpayers that have transactions with foreign trusts.

Read the full Rev. Proc. 2020-17 by clicking here.

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About the Author

John Anthony Castro, J.D., LL.M., is the Managing Partner of Castro & Co., the author of International Taxation in Plain English as well as International Estate Planning in Plain English, an esteemed graduate of Georgetown University Law Center in Washington DC, an OPM Fellow at Harvard Business School, and an internationally recognized tax attorney with offices in New York, Los Angeles, Miami, Chicago, Dallas, and Washington DC.

To provide feedback on this article or suggest an idea for a future article, please contact Tiffany Michelle Hunt, J.D., LL.M., Director of Tax Planning at Castro & Co., at T.Hunt@CastroAndCo.com.


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