Q&As

When a Foreign Account Tax Compliance Act registered trust is terminated, do any steps need to be taken to deregister the trust?

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Published on LexisPSL on 12/01/2018

The following Private Client Q&A provides comprehensive and up to date legal information covering:

  • When a Foreign Account Tax Compliance Act registered trust is terminated, do any steps need to be taken to deregister the trust?

When a Foreign Account Tax Compliance Act registered trust is terminated, do any steps need to be taken to deregister the trust?

It is important to note that reporting requirements will depend on how the trust has been classified for the purposes of the Foreign Account

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