The U.S. Treasury Department should scrap or revise significantly an anti-abuse rule for nonresident aliens who receive loans from foreign trusts, which was included in proposed regulations on how to report foreign trust transactions, the American Institute of Certified Public Accountants said in a letter published Monday.
AICPA Suggests Revising Foreign Trust Loan Anti-Abuse Rule
by usoftax_admin | Jul 15, 2024 | Tax News