Question
Proposed Foreign Trust Regs. 1.6048 & 1.6039F
Probably a stupid question but I thought I would ask it anyway:
Does anyone know the likelihood of the above proposed regs. being reproposed or going final before the end of the year? I know the AICPA and ABA have commented on them and that I can generally 'rely' on them in proposed format but I'm really wondering if they will be modified anytime soon.
Thanks in advance.
