Trust Taxation
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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: 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…
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Read more: Foreign Grantor Trusts vs Foreign Non-Grantor Trusts: Key Differences Explained
If you’re learning about foreign trusts for US tax purposes, one of the first distinctions to understand is between foreign grantor trusts and foreign non-grantor trusts. These two types of trusts are treated…
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Read more: What Is a Foreign Trust Under US Tax Law? A Beginner’s Guide
The term “foreign trust” might sound complicated, but it’s a key concept for anyone involved with trusts that have connections to the United States. This guide will break down the basics. What Is…
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Read more: How Foreign Trusts Are Taxed for US Citizens and Residents
Foreign trusts can create serious tax and reporting obligations for US citizens and residents. While these structures may be set up for legitimate estate planning or asset protection reasons, they are treated with…
