Crossing Borders: Developments in Foreign Trusts & Foreign Accounts Reporting - From the 28th Annual Tax Forum 2010 A Track II Session from "Keeping Up with the Changing Tax Landscape"
These are the downloadable materials in .pdf format for the session held in November, 2010.
Materials alone do not qualify for NHMCLE Credit.
Click on the "TOC" document for a preview of the materials.
A Session from Track II of the 28th Annual Tax Forum, co-sponsored by the NHBA•CLE program and the NHSCPAs.
Crossing Borders: Developments in Foreign Trusts and Foreign Accounts Reporting
In the wake of the highly publicized challenges that the IRS has recently faced in collectinginformation about accounts held by US persons outside the US, the HIRE Act imposed new, farreaching reporting rules for foreign accounts and assets owned by US persons, and it essentially taxes the use of property held in a foreign trust. In this session, we will review these rules, the planning implications, and other cross-border tax issues affecting executives and other individuals, as well as trusts and their beneficiaries.
