Are you getting the classification of your trust correct for US tax purposes? In 2018 the Internal Revenue Service started a campaign targeting foreign trusts’ failure to comply with the filing requirements of US owners[1] of foreign trusts, including ownership, and...
It is not hard to deduce that the effects of the partial US government shutdown, on the Internal Revenue Service (IRS) are acute. Predictions vary as to how long it will take for the agency to rehabilitate; this is expected to be at least a year. The American...
The deadline for reporting United States account holders with foreign financial institutions is almost upon us. Although FATCA was enacted in 2010 as part of the HIRE act, we are only now on the cusp of its ramifications. New Zealand and the United States signed an...
