IRS Finalizes ESBT Regulations for Nonresident Alien Potential Current Beneficiaries

Less than two months after the IRS released proposed regulations on nonresident alien potential current beneficiaries in electing small business trusts, the IRS has taken the identical regulations final after no comments have been received on those regulations (TD 9868).

The details of the unchanged proposed regulations can be found in our article on the regulations (Proposed Regulations Issued for ESBTs with NRA Potential Current Beneficiary Subject to Grantor Trust Rules).