# Electing Small Business Trusts With Nonresident Aliens as Potential Current Beneficiaries
> **IRS** · Final regulations. · Published 2019-06-18 · Effective 2019-06-18 · 84 FR 28214
## Document
- **Document number:** 2019-12639
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 84 FR 28214
- **CFR reference:** 26 CFR 1
- **Publication date:** 2019-06-18
- **Effective date:** 2019-06-18
- **Treasury docket:** TD 9868
## Abstract

This document contains final regulations regarding the statutory expansion of the class of permissible potential current beneficiaries (PCBs) of an electing small business trust (ESBT) to include nonresident aliens (NRAs). In particular, the final regulations ensure that the income of an S corporation will continue to be subject to U.S. Federal income tax when an NRA is a deemed owner of a grantor trust that elects to be an ESBT.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2019/06/18/2019-12639/electing-small-business-trusts-with-nonresident-aliens-as-potential-current-beneficiaries)
---
*AI Analytics · CC0 1.0*