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- Dec 26, 2012
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I posted a question separately about a personal matter in the Individual/Tax section. In this section, I'm posting to ask a general question about the status of the enforcement of IRS Section 2801 and what I understand to be a not-yet-available Form 708.
Regarding Section 2801: I looked that sections 2801 and 877A and didn't see the rule as commonly recited by accounting and law firms that the expat tax will only be imposed where the foreign person serving as the source of a gift or bequest expatriated after June 2008. I may have missed it. If anyone can cite to and quote the sections stating the above, it would be very helpful.
Regarding Form 708. I've heard rumors but can't confirm the current status of this form. Is the release of form 708 in some form of indefinite limbo? My searches for this form and section 2801 show hits from 2015 saying that final rules are "forthcoming" but don't say when. Since this statute and rule are very real to me, I'm interested in knowing more about this than I've been able to find out on the web.
Regarding Section 2801: I looked that sections 2801 and 877A and didn't see the rule as commonly recited by accounting and law firms that the expat tax will only be imposed where the foreign person serving as the source of a gift or bequest expatriated after June 2008. I may have missed it. If anyone can cite to and quote the sections stating the above, it would be very helpful.
Regarding Form 708. I've heard rumors but can't confirm the current status of this form. Is the release of form 708 in some form of indefinite limbo? My searches for this form and section 2801 show hits from 2015 saying that final rules are "forthcoming" but don't say when. Since this statute and rule are very real to me, I'm interested in knowing more about this than I've been able to find out on the web.
