Kingcroft Legal Intelligence

Official developments, read closely.

A curated record of new rules and proposals relevant to cross-border families, founders, and their advisors. Every item links to its official source; every summary cites the text it relies on.

General legal information only. Not legal advice, and no attorney-client relationship is formed.

38 updates

Federal Register · Treasury / IRSFinal ruleSignificant developmentCurrentJul 10, 2026

Revising Qualified Domestic Trust Regulations Under Section 2056A To Update Outdated References and Procedures

Cross-Border Estate & Succession

This document contains final regulations that amend the Federal estate tax regulations applicable to estates of decedents passing property to or for the benefit of a noncitizen spouse in a domestic trust that satisfies all of the…

Official summary excerpt · Federal Register

Official source

Related Authorities · 1

Same proceeding

Revising Qualified Domestic Trust Regulations Under Section 2056A To Update Outdated References and Procedures; Correction

Federal Register · Treasury / IRSFinal ruleEffective soonCurrentSep 25, 2026

Estate Tax Closing Letter User Fee Update

Cross-Border Estate & Succession

This document contains final regulations relating to the imposition of a user fee on authorized persons requesting the issuance of IRS Letter 627, also referred to as an estate tax closing letter. The final regulations, which adopt without…

Official summary excerpt · Federal Register

Official source

Related Authorities · 3

Same authority

Enrolled Agent Special Enrollment Examination User Fee Update

Visa Bulletin · U.S. Department of State / USCISGuidanceEffective soonCurrentOct 15, 2026

Visa Bulletin for November 2026: which priority-date chart applies to green card filings

US Market Entry, Immigration & Investment

For November 2026, USCIS requires family-sponsored adjustment of status filings to use the Dates for Filing chart and employment-based filings (EB-1, EB-2, EB-3, EB-5) to use the Dates for Filing chart in the State Department Visa Bulletin.

Official summary excerpt · Visa Bulletin

Official source
Federal Register · Treasury / IRSProposed ruleMonitorPendingAug 26, 2026

Pro Rata Share of Subpart F Income, Tested Income, or Tested Loss

International Tax & Reporting · Founder, Entity & Transactional

This document contains proposed regulations relating to the determination of a United States shareholder's pro rata share of subpart F income, tested income, or tested loss of a controlled foreign corporation. The proposed regulations…

Official summary excerpt · Federal Register

Official source
Federal Register · Treasury / IRSProposed ruleMonitorPendingAug 14, 2026

Foreign Currency Gain or Loss of Controlled Foreign Corporations

International Tax & Reporting · Founder, Entity & Transactional

This document contains proposed regulations providing rules relating to the determination and recognition of foreign currency gain or loss with respect to qualified business units ("QBUs") of controlled foreign corporations ("CFCs"). The…

Official summary excerpt · Federal Register

Official source
USCIS Policy Manual · USCISGuidanceNew authorityCurrentNov 27, 2025

Impact of INA 212(f) on USCIS’ Adjudication of Discretionary Benefits

International Tax & Reporting · US Market Entry, Immigration & Investment

U.S. Citizenship and Immigration Services (USCIS) is issuing policy guidance in the USCIS Policy Manual addressing the President’s recent exercise of his authority under section 212(f) of the Immigration and Nationality Act (INA) through…

Official summary excerpt · USCIS Policy Manual

Official source
Supreme CourtOral argumentDecidedCurrentDec 3, 2024

Republic of Hungary v. Simon

International Tax & Reporting

1. Does historical commingling of assets suffice to establish that proceeds of seized property have a commercial nexus with the United States under the expropriation exception to the Foreign Sovereign Immunities Act? 2. Must a plaintiff…

Question presented · Oyez

Oral argument audio · via Oyez

Court's official audio
Official source
Federal Register · Treasury / IRSProposed ruleMonitorPendingJun 1, 2026

Income of Foreign Governments and of International Organizations

International Tax & Reporting

This document contains proposed regulations regarding the applicability dates of proposed rules relating to the taxation of the income of foreign governments from investment in the United States. This document also withdraws a portion of…

Official summary excerpt · Federal Register

Official source
USCIS Policy Manual · USCISGuidanceNew authorityCurrentDec 18, 2025

Labor Certification-Based Immigrant Petitions for Professional Athletes

US Market Entry, Immigration & Investment · International Tax & Reporting

U.S. Citizenship and Immigration Services (USCIS) is issuing policy guidance in the USCIS Policy Manual to address the U.S. Department of Labor’s (DOL) adoption of the Foreign Labor Application Gateway (FLAG) system and its impact on…

Official summary excerpt · USCIS Policy Manual

Official source
USCIS Policy Manual · USCISGuidanceNew authorityCurrentNov 3, 2025

Admission for Adjustment of Status under INA 245(a)

US Market Entry, Immigration & Investment

U.S. Citizenship and Immigration Services (USCIS) is issuing policy guidance in the USCIS Policy Manual to reflect the conclusion by the U.S. Supreme Court in Sanchez v. Mayorkas , 141 S.Ct. 1809 (2021) that a grant of U nonimmigrant…

Official summary excerpt · USCIS Policy Manual

Official source
USCIS Policy Manual · USCISGuidanceNew authorityCurrentOct 20, 2025

Revising Guidance on Naturalization Civics Educational Requirement

US Market Entry, Immigration & Investment

U.S. Citizenship and Immigration Services (USCIS) is issuing policy guidance in the USCIS Policy Manual to implement the 2020 Naturalization Civics Test with some modifications (“2025 Naturalization Civics Test”), which helps ensure proper…

Official summary excerpt · USCIS Policy Manual

Official source
Federal Register · SECProposed ruleMonitorPendingOct 6, 2026

Adviser and Regulated Fund Custody Rules; Crypto Custody Rules

Digital Assets, Entertainment & IP

The Securities and Exchange Commission (the "Commission" or the "SEC") is proposing new custody rules under the Investment Company Act of 1940 (the "Investment Company Act") and amendments to related reporting and recordkeeping…

Official summary excerpt · Federal Register

Official source

Related Authorities · 4

Same authority

Interval Fund Modernization; Expansion of Multiple Share Class to Registered Closed-End Management Investment Companies and Business Development Companies

Federal Register · Treasury / FinCENProposed ruleMonitorPendingOct 6, 2026

Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern; Withdrawal

International Tax & Reporting · Digital Assets, Entertainment & IP

FinCEN is withdrawing its finding and proposed rulemaking, pursuant to section 311 of the USA PATRIOT Act, that international Convertible Virtual Currency (CVC) mixing is a class of transactions of primary money laundering concern and that…

Official summary excerpt · Federal Register

Official source

Related Authorities · 1

Same proceeding

Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets; Withdrawal

Supreme CourtOral argumentAwaiting decisionCurrentFeb 23, 2026

Havana Docks Corporation v. Royal Caribbean Cruises, Ltd.

Founder, Entity & Transactional

Is the legal right to sue under Title III of the LIBERTAD Act tied to the confiscated property claim or the hypothetical, unexpired duration of the original property interest?

Question presented · Oyez

Oral argument audio · via Oyez

Court's official audio
Official source
USCIS Policy Manual · USCISGuidanceNew authorityCurrentSep 23, 2026

Controlled Substance Trafficking, Significant Trafficking in Persons, and Money Laundering Grounds of Inadmissibility

US Market Entry, Immigration & Investment

U.S. Citizenship and Immigration Services (USCIS) is issuing policy guidance in the USCIS Policy Manual to address the inadmissibility of aliens engaged in controlled substance trafficking, significant trafficking in persons, and money…

Official summary excerpt · USCIS Policy Manual

Official source
Federal Register · Treasury / IRSProposed ruleMonitorPendingSep 11, 2026

Allocation and Apportionment of Deductions to Foreign Source Section 951A Category Income and Deduction Eligible Income

International Tax & Reporting · Founder, Entity & Transactional

This document contains proposed regulations related to the allocation and apportionment of deductions to foreign source section 951A category income for foreign tax credit limitation purposes and for purposes of calculating deduction…

Official summary excerpt · Federal Register

Official source
USCIS Policy Manual · USCISGuidanceNew authorityCurrentSep 9, 2026

Registration of Lawful Permanent Residence for Children Born to Foreign Government Employees in the United States

US Market Entry, Immigration & Investment · International Tax & Reporting

U.S. Citizenship and Immigration Services (USCIS) is issuing policy guidance in the USCIS Policy Manual to address the regulatory changes on the registration of children born to foreign government employees in the United States as lawful…

Official summary excerpt · USCIS Policy Manual

Official source
USCIS Policy Manual · USCISGuidanceNew authorityCurrentAug 25, 2026

Investigations and Examinations for Naturalization Eligibility

US Market Entry, Immigration & Investment

U.S. Citizenship and Immigration Services (USCIS) is issuing policy guidance in the USCIS Policy Manual to further assess and corroborate the eligibility of aliens applying for naturalization. The guidance reintroduces personal…

Official summary excerpt · USCIS Policy Manual

Official source
USCIS Policy Manual · USCISGuidanceNew authorityCurrentAug 6, 2026

Lists of Foreign Diplomatic Officers Accredited to the United States

International Tax & Reporting · US Market Entry, Immigration & Investment

U.S. Citizenship and Immigration Services (USCIS) is issuing policy guidance in the USCIS Policy Manual that removes references to the Diplomatic List (also known as the “Blue List”), which is no longer published by the U.S. Department of…

Official summary excerpt · USCIS Policy Manual

Official source
Federal Register · Treasury / IRSProposed ruleMonitorPendingAug 3, 2026

Section 898(c) Transition Rule for Allocating Foreign Taxes and Section 960(d)(4) Foreign Tax Credit Disallowance

International Tax & Reporting · Founder, Entity & Transactional

This document contains proposed regulations that relate to allocating foreign taxes of foreign corporations affected by the repeal of the one-month deferral election and to the disallowance of foreign tax credits on certain distributions…

Official summary excerpt · Federal Register

Official source

Related Authorities · 1

Same proceeding

Section 898(c) Transition Rule for Allocating Foreign Taxes and Section 960(d)(4) Foreign Tax Credit Disallowance; Correction

Federal Register · Treasury / Foreign Assets Control Office / FinCENProposed ruleMonitorPendingApr 10, 2026

Permitted Payment Stablecoin Issuer Anti-Money Laundering/Countering the Financing of Terrorism Program and Sanctions Compliance Program Requirements

International Tax & Reporting · Digital Assets, Entertainment & IP

The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) are jointly issuing this proposed rule to implement provisions of the Guiding and Establishing National Innovation…

Official summary excerpt · Federal Register

Official source

Related Authorities · 1

Same authority

Permitted Payment Stablecoin Issuer Customer Identification Program

USCIS Alerts · USCISNoticeNew authorityCurrentSep 4, 2026

Court Order on Diversity Immigrant Visa Program Hold Policy

US Market Entry, Immigration & Investment · California Wealth, Residency & SALT

On Aug. 28, 2026, the U.S. District Court for the Northern District of California issued an order in Medani, et al., v. Trump, et al., 26-cv-6332 (NDCA), temporarily vacating PM-602-0193 pending further litigation. USCIS is ordered, “to…

Official summary excerpt · USCIS Alerts

Official source
Federal Register · Treasury / FinCENFinal ruleNew authorityCurrentAug 14, 2026

Beneficial Ownership Information Reporting Requirement Revision

Founder, Entity & Transactional

FinCEN is issuing this final rule to adopt as final and with certain limited changes the interim final rule issued on March 26, 2025, which narrowed beneficial ownership information (BOI) reporting requirements under FinCEN's regulations…

Official summary excerpt · Federal Register

Official source
Supreme CourtOral argumentDecidedCurrentJan 20, 2026

M & K Employee Solutions, LLC v. Trustees of the IAM National Pension Fund

Cross-Border Estate & Succession

When a pension plan calculates how much a departing employer owes “as of the end of the plan year,” must the plan use the financial assumptions it had already adopted by that date, or can it use new assumptions created after that date if…

Question presented · Oyez

Oral argument audio · via Oyez

Court's official audio
Official source
USCIS Newsroom · USCISNoticeNew authorityCurrentSep 29, 2026

USCIS Adjusts EB-5 Fees to Cover Program Costs and Strengthen Integrity Measures

US Market Entry, Immigration & Investment

U.S. Citizenship and Immigration Services (USCIS) is updating fees for the EB-5 Immigrant Investor Program to ensure EB-5 fees fully recover the cost of operating the program, meet statutory processing time goals, and support integrity…

Official summary excerpt · USCIS Newsroom

Official source
USCIS Alerts · USCISNoticeNew authorityCurrentSep 4, 2026

DHS Announces Rule for Certain Children Born in the United States to Foreign Government Employees

International Tax & Reporting · US Market Entry, Immigration & Investment

The Department of Homeland Security today issued an interim final rule amending its regulations to allow certain children born in the United States to foreign government employees who are not U.S. citizens to register as lawful permanent…

Official summary excerpt · USCIS Alerts

Official source
USCIS Newsroom · USCISNoticeNew authorityCurrentAug 18, 2026

USCIS Issues Guidance on Making Public Charge Inadmissibility Determination

US Market Entry, Immigration & Investment

U.S. Citizenship and Immigration Services (USCIS) is issuing updated guidance in the USCIS Policy Manual explaining how the agency will determine whether an alien applying for adjustment of status to that of a lawful permanent resident is…

Official summary excerpt · USCIS Newsroom

Official source
USCIS Newsroom · USCISNoticeNew authorityCurrentJul 16, 2026

US Citizenship and Immigration Services Rescinds 2022 Public Charge Regulation

US Market Entry, Immigration & Investment

The Department of Homeland Security (DHS) has issued a final rule rescinding the 2022 Biden-era regulation regarding public charge determinations, further aligning immigration law with Congressional intent that aliens in the United States…

Official summary excerpt · USCIS Newsroom

Official source
Supreme CourtOral argumentDecidedCurrentApr 20, 2026

T. M. v. University of Maryland Medical System Corporation

Founder, Entity & Transactional

Can the Rooker-Feldman doctrine, which prevents parties who lose in state courts from challenging injuries caused by state-court judgments, be triggered by a state-court decision that remains subject to further review in state court?

Question presented · Oyez

Oral argument audio · via Oyez

Court's official audio
Official source
Supreme CourtOral argumentDecidedCurrentNov 3, 2025

Hencely v. Fluor Corporation

Founder, Entity & Transactional

Does Boyle v. United Technologies Corporation, which immunized government contractors from liability under certain circumstances, extend to preempt state tort claims against a government contractor for conduct that breached its contract…

Question presented · Oyez

Oral argument audio · via Oyez

Court's official audio
Official source
Supreme CourtOral argumentDecidedCurrentApr 29, 2025

Laboratory Corporation of America Holdings v. Davis

Founder, Entity & Transactional

May a federal court certify a class action pursuant to Federal Rule of Civil Procedure 23(b)(3) when some members of the proposed class lack any Article III injury?

Question presented · Oyez

Oral argument audio · via Oyez

Court's official audio
Official source
Supreme CourtOral argumentDecidedCurrentJan 21, 2025

McLaughlin Chiropractic Associates, Inc. v. McKesson Corporation

Founder, Entity & Transactional

Does the Hobbs Act require a federal district court to accept the Federal Communication Commission’s legal interpretation of the Telephone Consumer Protection Act?

Question presented · Oyez

Oral argument audio · via Oyez

Court's official audio
Official source
Supreme CourtOral argumentDecidedCurrentNov 13, 2024

NVIDIA Corporation v. E. Ohman J:or Fonder AB

Founder, Entity & Transactional

What is the proper pleading standard to show knowledge or intent for Private Securities Litigation Reform Act claims that rely on internal company documents?

Question presented · Oyez

Oral argument audio · via Oyez

Court's official audio
Official source
Visa Bulletin · U.S. Department of State / USCISGuidanceNew authorityCurrentSep 15, 2026

Visa Bulletin for October 2026: which priority-date chart applies to green card filings

US Market Entry, Immigration & Investment

For October 2026, USCIS requires family-sponsored adjustment of status filings to use the Dates for Filing chart and employment-based filings (EB-1, EB-2, EB-3, EB-5) to use the Dates for Filing chart in the State Department Visa Bulletin.

Official summary excerpt · Visa Bulletin

Official source
Federal Register · Treasury / IRSFinal ruleNew authorityCurrentJul 9, 2026

Charitable Remainder Annuity Trust Listed Transaction

Cross-Border Estate & Succession

This document contains final regulations that identify certain charitable remainder annuity trust (CRAT) transactions and substantially similar transactions as listed transactions, a type of reportable transaction. Material advisors and…

Official summary excerpt · Federal Register

Official source
Federal Register · Treasury / FinCENProposed ruleMonitorPendingOct 6, 2026

Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets; Withdrawal

Digital Assets, Entertainment & IP

FinCEN is withdrawing a notice of proposed rulemaking (NPRM) that proposed requiring banks and money service businesses (MSBs) to submit reports, keep records, and verify the identity of customers in relation to transactions involving…

Official summary excerpt · Federal Register

Official source

Related Authorities · 2

Same proceeding

Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern; Withdrawal

Federal Register · Treasury / IRSFinal ruleNew authorityCurrentAug 10, 2026

Backup Withholding on Third Party Network Transactions

International Tax & Reporting

This document contains final regulations governing backup withholding on reportable payments with respect to third party network transactions. The final regulations reflect recent changes to the statutory law that affect the backup…

Official summary excerpt · Federal Register

Official source

Related Authorities · 2

Same authority

Increase in Threshold for Requiring Information Reporting With Respect to Certain Payees; Extension and Modification of Limitation on Wagering Losses; Hearing

Federal Register · Treasury / IRSFinal ruleNew authorityCurrentMay 20, 2026

Returns Relating to Sales or Exchanges of Certain Partnership Interests

Founder, Entity & Transactional

This document contains final regulations modifying information reporting obligations with respect to sales or exchanges of certain interests in partnerships owning inventory or unrealized receivables.

Official summary excerpt · Federal Register

Official source
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