Tax Insights
Recent Insights
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Read more: Common Foreign Trust Mistakes US Taxpayers Make and How to Avoid Them
Foreign trusts are an area of US tax law where small mistakes can lead to unexpected taxes, penalties, and compliance problems. Many of these issues arise not from deliberate non-compliance, but from misunderstandings…
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Read more: Distributions From Foreign Trusts: Income, Capital Gains, and the Throwback Tax
Distributions from foreign trusts can have very different US tax consequences depending on the type of trust and the nature of the distribution. For US beneficiaries, understanding how income, accumulated amounts, and trust…
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Read more: 2025 US Tax Brackets and IRS Tax Thresholds for the 2025 Tax Year
Here’s a guide to what the 2025 tax brackets and tax thresholds look like for US taxpayers. 2025 Federal Income Tax Brackets & Rates The IRS income tax thresholds for the 2025 tax…
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Read more: Foreign Non-Grantor Trusts: US Tax Treatment, Distributions, and Reporting
For US taxpayers, foreign trusts can be complex, and foreign non-grantor trusts have their own special rules. Understanding how they are taxed and reported is essential if you are a US beneficiary or…
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Read more: Foreign Grantor Trusts: How They Are Taxed and Reported by US Taxpayers
For US taxpayers, foreign trusts can raise questions about taxes and reporting obligations. One common type is the foreign grantor trust, which has unique rules under US tax law. This guide explains the…
