The American College of Trust and Estate Counsel has addressed comments regarding Notice 2010-60 regarding the Foreign Account Tax Compliance Act. The comments emphasize the need for rules that are "administrable, understandable, and as consistent as possible with other obligations imposed on those fiduciaries and beneficiaries." The comments can be found at http://www.actec.org/public/Governmental_Relations/Moore_Comments_01_07_11.asp.
Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.
Posted by James G. Haskell, Senior Associate Editor, Wealth Strategies Journal.

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