other · IRS · Rule · Published 1999-02-02 · 64 FR 4967
Document
Document number
99-1892
Federal Register citation
64 FR 4967
CFR reference
26 CFR 301
Type
Rule
Action
Final Regulations.
Category
other
Sub-agency
IRS
Publication date
1999-02-02
Treasury docket
TD 8813
Abstract
This document contains final regulations providing guidance regarding the definition of a trust as a United States person (domestic trust) or a foreign trust. This document also provides guidance regarding the election for certain trusts to remain domestic trusts for taxable years beginning after December 31, 1996. The regulations incorporate changes to the law made by the Small Business Job Protection Act of 1996 and by the Taxpayer Relief Act of 1997. The final regulations affect the determination of the residency of trusts as foreign or domestic for federal tax purposes.