So... the issue appears to be 'US INCOME' or 'INCOME' distributed to a 'US BENEFICIARY'... yes?
@esquiregroup Жыл бұрын
Yes, this is a key issue, but the U.S. taxation of foreign trusts is quite complex. If you’d like to discuss, please schedule a consultation with me by emailing us at info@esquiregroup.com. Thanks!
@robertcarr272 Жыл бұрын
Why would not the foreign parents be the foreign grantor/settlor/trustor for the US PERSON beneficiary?
@esquiregroup Жыл бұрын
This is possible and quite typical.
@robertcarr272 Жыл бұрын
Whom or who is the 'Foreign situs trust'?
@esquiregroup Жыл бұрын
I don’t understand the question?
@Reinheit4 ай бұрын
26 CFR § 1.402(c)-1
@robertcarr272 Жыл бұрын
BTW, whom is the elusive trustee in your scenario?
@esquiregroup Жыл бұрын
Depends. It can be either a professional trustee or a private trust company managed by the family setup by the trust.
@naturalearththreepointthre25532 жыл бұрын
Would like to pick your brain, do you have a email