Register Online - Add to Cart

Credits

Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 401099
 
Credit & Course Provided by:

Form 3520 Foreign Trust Reporting: Filing Deadlines, Requirements, and Liabilities

Live Webinar
November 21, 2017
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 40 minutes
Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart

Gain a better understanding of the filing requirements and penalties for delinquencies when filing Form 3520.

Do you know whether a trust is a foreign trust or a U.S. trust and the different filing and reporting requirements applicable to each? Do you know that a U.S. trust can become a foreign trust if there is a change of trustees? This topic will address these and many other questions, help you understand how to complete the forms so that they will be accepted by the IRS; help you advise clients who have failed to file the forms in prior years and understand the penalties that might apply in such cases as well as how to reduce such penalties.

Learning Objectives

  • You will be able to determine whether a trust is a U.S. or foreign trust, and when and how a trust governed by U.S. law can become a foreign trust for U.S. tax purposes.
  • You will be able to describe the reasons for filing the forms as well as the penalties for failure to file the forms on a timely basis.
  • You will be able to discuss the filing requirements for nonresidents moving to the U.S.
  • You will be able to recognize when to file delinquent forms and how to minimize the applicable penalties for late filing.

Registration

Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart