As you may be aware, Treasury issued proposed regulations on foreign trust-related reporting several months ago, which can be found here:

https://www.federalregister.gov/documents/2024/05/08/2024-09434/transactions-with-foreign-trusts-and-information-reporting-on-transactions-with-foreign-trusts-and

STEP NY submitted comments which may be viewed here: STEP NY comments proposed regs dealing with foreign trust reporting 

Jenny Longman

Vice Chair & Legislative Initiative Chair

STEP New York

Counsel

Patterson Belknap Webb & Tyler LLP