IRS issues filing guidance on SBJPA's foreign trust and gift reporting provisions. (Small Business Job Protection Act of 1996): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on September 1, 1997. The length of the article is 3448 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Tax guidance on reporting requirements for foreign gifts and trust distributions, changed by the 1996 Small Business Job Protection Act, has been issued in IRS Notice 97-34. In addition, Form 3520 will be modified to allow estates to make a single filing for both gifts and trusts. The reporting threshold for foreign gifts has been raised, as well. Qualified obligation distributions are excluded.

Citation Details
Title: IRS issues filing guidance on SBJPA's foreign trust and gift reporting provisions. (Small Business Job Protection Act of 1996)
Author: Jeffrey C. Zysik
Publication:The Tax Adviser (Magazine/Journal)
Date: September 1, 1997
Publisher: American Institute of CPA's
Volume: 28 Issue: n9 Page: 576(4)

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