Table of Contents

• Notice 2009-85
  • PURPOSE
  • SECTION 1. OVERVIEW
  • SECTION 2. INDIVIDUALS COVERED
    • A. Definitions
    • B. Tax Liability and Net Worth Tests
  • SECTION 3. MARK-TO-MARKET REGIME
    • A. Identification of a covered expatriate’s property and determination of fair market value
    • B. Allocation of the exclusion amount
    • C. Adjustment to basis of property subject to the mark-to-market regime
    • D. In-bound step-up in basis for nonresident aliens becoming resident aliens
    • E. Deferral of payment of tax under the mark-to-market regime
  • SECTION 4. COORDINATION WITH CERTAIN CODE PROVISIONS
  • SECTION 5. DEFERRED COMPENSATION ITEMS
    • A. In general
    • B. Definitions
    • C. Taxation of eligible deferred compensation items
    • D. Taxation of ineligible deferred compensation items
    • E. Services performed outside the United States
    • F. Application of withholding rules
    • G. Examples
  • SECTION 6. SPECIFIED TAX DEFERRED ACCOUNTS
  • SECTION 7. INTERESTS IN NONGRANTOR TRUSTS
    • A. In general
    • B. Recognition of gain by trust
    • C. Withholding
    • D. Interaction with treaties
  • SECTION 8. FILING AND REPORTING REQUIREMENTS
    • A. In general
    • B. Income tax returns
    • C. Form 8854
    • D. Form W-8CE
  • SECTION 9. GIFTS OR BEQUESTS
  • REQUEST FOR COMMENTS
  • EFFECTIVE DATE
  • DRAFTING INFORMATION
  • PAPERWORK REDUCTION ACT
• Rev. Proc. 2009-50
  • SECTION 1. PURPOSE
  • SECTION 2. CHANGES
  • SECTION 3. 2010 ADJUSTED ITEMS
  • SECTION 4. EFFECTIVE DATE
  • SECTION 5. DRAFTING INFORMATION
• Rev. Proc. 2009-51
  • SECTION 1. PURPOSE
  • SECTION 2. BACKGROUND
  • SECTION 3. SCOPE
  • SECTION 4. PROCEDURES
  • SECTION 5. EFFECTIVE DATE
  • SECTION 6. DRAFTING INFORMATION