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Investment in a Foreign Trust Creates Complex Reporting Requirements

The IRS has clearly identified legitimate reasons why "US Persons" would establish or maintain ownership in a foreign trust.  However, there are significant and complex tax reporting requirements associated with US taxpayers who are beneficiaries with an investment in a foreign trust.  There are specific transactional reporting requirements for those...

The Tax Implications of Offshore Bank Accounts and Investment

What are the tax implications of offshore bank accounts and investments as well as foreign corporate ownership?  Allen Barron is uniquely positioned to provide proven international tax advice, as well as legal counsel and supporting accounting services.  Tax, legal and accounting in a single source vendor.  The IRS and California's...