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