By Gina Gatchell, Director IRS Announces Tax Relief for US persons with Certain Foreign Retirement and Non-Retirement Accounts In refreshing news this week, the IRS has decided to exempt from burdensome information reporting requirements eligible foreign retirement...
United States citizens and other residents of the United States with foreign trusts requiring the annual filing of such forms as Form 3520 and Form 3520-a have been selected by the IRS Large Business and International division (LB&I) for six compliance campaigns....
Just a reminder that if you are a US person with interests in any of the following entities: * trusts created outside the US, into which you have transferred assets, or * companies formed outside the US, of which you are a 10% or greater shareholder, or *...