IRS Reporting Requirements for Offshore Trusts

Introduction This post addresses the IRS reporting requirements applicable to a U.S. taxpayer following the establishment of a foreign trust.Ā  Foreign trusts discussed herein and subject to the reporting requirements include foreign trusts where a U.S. person is the Settlor/Grantor and/or Beneficiary of the trust, including many ā€œAsset Protection Trustsā€. A foreign trust may be … Continue reading IRS Reporting Requirements for Offshore Trusts