Trusts

Flowchart: What is a “tax-favored foreign retirement trust” per §6048 regulations ?

3520, Pensions, Trusts / By /

The below flowchart helps you determine if a foreign retirement account may qualify as a tax-favored foreign retirement trust; of course, this is not intended to be legal nor tax advice. This flowchart expands upon the article written for Bloomberg’s Tax Management International Journal by Arielle Tucker and myself, you my find the article here …

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The new Corporate Transparency Act & Foreign Trusts

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Watch out latest video for a short (13  minute) overview of how the CTA can interact with foreign trust structures which invest into the United states.  This link goes to the Youtube version of the video:  Tax Logicians Trusts and the CTA Nov 8 2023 – YouTube     If you want a refresher on the …

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Non-US Pensions Trusts and Form 3520

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Form 3520 Unveiled Form 3520, also referred to as the “Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts,” serves as the IRS’s instrument for eliciting information regarding financial interactions involving foreign trusts or gifts. It operates primarily as a disclosure mechanism, with no direct tax implications. Pension Trusts and …

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