IRS updates technical references for domestic trusts involving noncitizen spouses
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Table of Contents
The Treasury Department and the IRS are issuing a correction to a previous rule regarding how estate taxes work when property is passed to a noncitizen spouse through a specific type of trust.
Why it matters: This is a minor administrative correction intended to clean up technical language and ensure that the rules governing these specific trusts are accurate and up to date.
Who it affects
- Executors of estates involving noncitizen spouses
This is a notice from the Treasury Department and IRS; readers should consult the official Federal Register entry before relying on these regulations for tax purposes.
Agency: Treasury Department, Internal Revenue Service
Source: Federal Register — read the official document