3520 – Tax Law Center Blog

Beware of U.S. tax consequences to a foreign trust with a U.S. beneficiary

27 May, 2015

There are many U.S. tax consequences to a foreign trust and a beneficiary of a foreign trust who is or becomes a U.S. citizen or resident alien. In this article it is assumed that the grantor

IRS Releases FAQs for the Delinquent International Information Return Submission Procedures

19 October, 2014

The IRS recently released frequently asked questions for the Delinquent International Information Return Submission Procedures (available here). The IRS now states that these procedures are available to taxpayers even if they have unreported income. See below

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Beware of U.S. tax consequences to a foreign trust with a U.S. beneficiary

IRS Releases FAQs for the Delinquent International Information Return Submission Procedures