Although legislative changes are anticipated during 2025, reporting rules and deadlines for tax year 2024 filings will not change. Family advisers and trustees of foreign trusts should determine early in 2025 which US filings will be required and the respective deadlines. If a foreign individual, entity or trust (a non-US person) cannot meet the US reporting deadline, a request for extension should be filed prior to the due date. Download
1/2025