The IRS has scheduled a public hearing for January 6, 2016, on proposed regs relating to a tax on United States citizens and residents who receive gifts or bequests from individuals who previously expatriated from the the US on or after June 17, 2008.

See full proposed regulations by clicking: – Proposed Rule Document 

Comments submitted to the Service are available by clicking here.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.