Foreign Trusts News Today

It is quite common for high-net-worth individuals to have income streams from multiple countries. For example, an individual may have an ownership interest in a foreign...

The IRS has been busy in the international realm triggering several court decisions that should get the attention of all taxpayers with any level of global reach.

ED filed a chargesheet on Tuesday against Jet Airways founder Naresh Goyal & 5 others in an alleged bank fraud case amounting to Rs 538 crore at Canara Bank

Taxpayers struggle to obtain critical answers when the government forces issues to litigation and then surrenders prematurely.

June 2023 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts - The June Section 7520 rate for use in...

The Continuing Saga of U.S. Tax Classification of Foreign Trusts and Related Penalty Issues - In Greek mythology, Cerberus, a three-headed dog, was known as the guardian...

Freeman Law's "The Tax Court in Brief" covers every substantive Tax Court opinion, providing a weekly brief of its decisions in clear, concise prose.

This year the extended tax filing deadline for U.S. citizens or residents, sole proprietorships, C corporations, and single-owner LLCs is Monday, October 17, 2022. Through the course of...

When dealing with individuals for US tax, one of the key important factors in determining whether that person qualifies as a resident of the United…

As our previous firm Insights discuss, there is a numbered notice for almost any communication the IRS provides to a taxpayer.  See, e.g., CP518 and CP504.  In some cases, the taxpayer...