IRS updates rules for domestic trusts involving noncitizen spouses
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Table of Contents
The Treasury Department and the IRS have issued final regulations regarding Qualified Domestic Trusts (QDTs). These are specific types of trusts used when a person dies and leaves property to a spouse who is not a U.S. citizen.
Why it matters: This is primarily an administrative update meant to fix outdated references in the tax code; it does not change the underlying tax rates or the fundamental requirements for a qualified domestic trust.
Who it affects
- Executors of estates leaving property to noncitizen spouses
This action was taken by the Treasury Department and the IRS; readers should consult the official Federal Register document before making tax or legal decisions.
Agency: Treasury Department, Internal Revenue Service
Source: Federal Register — read the official document