top of page
Search

u.s.person

(a) In general.

(1) A trust is a United Statesperson if -

(i) A court within the United States is able to exercise primary supervision over the administration of the trust (court test); and

(ii) One or more United States persons have the authority to control all substantial decisions of the trust (control test).

(2) A trust is a United Statesperson for purposes of the Internal Revenue Code (Code) on any day that the trust meets both the court test and the control test. For purposesof the regulations in this chapter, the term domestic trust means a trust that is a United States person. The term foreign trust means any trust other than a domestic trust.

100 views0 comments

Recent Posts

See All

Let’s Talk About It

Unpopular Opinion: “If more black males were emotionally intelligent, more black women would be submissive and fall in line.” Emotional Intelligence definition: the capacity to be aware of, control, a

MIXING PROCESSES

The author of confusion is the lack of knowledge. When a person doesn't know enough of something anyone speaking good can entice you to spend your money and cause you to get scammed. It's nothing wron

Transparency

“If we chewed your food for you, who would swollow it.”

留言


bottom of page