International Trusts
Over the last year, the Internal Revenue Service has committed a vast amount of its resources to the area of international law and international trusts. In line with its focus on undisclosed foreign bank accounts, the IRS has increased its investigation into international trusts and the proper filing and forms that are related with these entities.
When dealing with international trusts, it is important to understand the estate planning mechanisms involved with U.S. clients with foreign connections and with foreign clients and U.S. connections. The tax and reporting rules relating to foreign trusts and trusts established by foreign grantors are very specific and should be reviewed very carefully.
If you have been contacted by the IRS regarding an international trust or have questions relating to an international trust, contact US International Tax Advisors at 844-796-8565 for a confidential consultation. US International Tax Advisors’s experienced and respected international tax attorneys can help you with your international trust issues.