Group and Committee News
International Tax Planning Committee
The International Tax Planning Committee is working with the Tax Section on submitting comments to the IRS/Treasury on the new "Exit Tax" (IRC section 877A) and the new Successions Tax (IRC section 2801). The committee will be presenting an update on hot international tax planning issues at the Spring Symposium Group Roundtable on April 30, 2009. Finally, it is working with the AICPA task force on developing Form 1041NR for US Taxpayers to report distributions/income from foreign trusts. (Currently, no such form exists.) The Committee is also working with other AICPA task forces in order to better represent the interests of practitioners and their clients on several fronts including ones on offshore compliance and expatriation.