Compliance, Taxation, Financial Planning
14 Jan 2025
reporting and recordkeeping requirements, gifts, irs, tax compliance, taxes, bequests, trusts, section 2801, expatriates
💼Section 2801 Tax Regulations
This document contains final regulations that provide guidance on the application of a tax on United States citizens and residents, as well as certain trusts, that receive, directly or indirectly, gifts or bequests from certain individuals who relinquished United States citizenship or ceased to be lawful permanent residents of the United States. The final regulations also provide guidance on the method of reporting and paying this tax. The final regulations primarily affect United States citizens and residents, as well as certain trusts, that receive one or more such gifts or bequests.
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