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Victoria Bogdanovich CPAVictoria Bogdanovich CPA
Victoria Bogdanovich CPAVictoria Bogdanovich CPA
  • About Us
    • Small Businesses
    • Mid-Size Businesses
    • Individual Taxpayers
  • Tax
    • Business Tax Preparation
    • Individual Tax Preparation
    • Trust and Estates Tax Preparation
    • IRS Audit
    • Unfilled Tax Returns
    • Tax Consulting
  • International Tax
    • Expat Taxation
    • New US Residents
    • Foreign Assets Reporting
    • Inbound International Tax
    • Outbound International Tax
    • Dual Status Taxpayers
    • Foreign Trust Taxation
    • Foreign Investment in US
    • FATCA compliance
    • Int’s Bookkeeping
  • Accounting
    • Financial Statements Preparation
    • Review of your Books
    • Quickbooks
    • Xero Accounting
  • Advisory
    • Business Best Practices Coaching
    • Entity Structure & Tax Elections
    • Accounting System Analysis & Implementation
  • Pricing
    • Free Initial Meeting
    • Tax Return Fees
    • Manageable Cost for Service Year Around
    • Free Quote
  • Portal
  • Contact Us

Foreign Trust Taxation

Home International TaxForeign Trust Taxation

GRANTORS & BENEFICIARIES OF FOREIGN TRUST

A foreign trust may seem like an attractive option for protecting your assets outside of the borders of the United States.  Likewise, you may have a family member that has named you as the beneficiary of a trust created in another country.

If you are either a grantor (owner) or a beneficiary of a foreign trust, then you must be aware of the significant and often-overlooked tax reporting obligations for the trust in the U.S.  A trust with a foreign owner must file Form 3520-A annually.  Additionally, an owner or a beneficiary that has transactions with that trust during the year (assets transferred to or from the trusts, loans made or received, etc.) must also file Form 3520.  These forms are extremely complex and time-consuming, and there are few tax firms that are even willing to prepare them.

At Victoria Bogdanovich CPA, we help US owners and beneficiaries of foreign trust meet their reporting obligations and assess any past issues related to non-filing.

Contact our firm today to discuss your foreign trust issues and how we can assist you.

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Fresh from blog

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  • The Potential Tax Liabilities of a Divorce
  • Final Regs Address Taxes on Gifts to Taxpayers from Ex-U.S. Citizens, Residents

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