On March 4, the IRS issued Revenue Procedure 2020-17, which exempts eligible U.S. citizens and residents from reporting requirements under section 6048 of the tax code. The exemption is limited to certain tax-favored foreign trusts that are established and operated mostly to provide pension or retirement benefits.
The Revenue Procedure is available here.
![]() |
Key Contacts | |||||||
|
|
|
|
||||
|
|
|
|
||||