Foreign Trusts: The Basics Webcast | 4173014A


Date :
November 9, 2017 8:30 AM - 9:30 AM
Location :
Facility :
Webcast Rebroadcast
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CPE Credits :
CPE 1.00, MCLE 1.00, IRS-TX 1.00, CTEC-TX 1.00
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Transactions with foreign trusts have significant information reporting requirements and they often come with tax consequences. Learn how to distinguish between domestic and foreign trusts and between foreign grantor and nongrantor trusts as well as how to identify the information returns required when U.S. persons become involved with these trusts.

Materials are provided as an ebook.


  • Determine when U.S. estate, gift and income tax will apply to assets and income of foreign trusts.
  • Identify when Form 3520 and Form 3520-A are required, who needs to file them and what type of information needs to be shown.

Major Subjects:

  • Domestic and foreign trusts
  • Grantor and nongrantor trusts: Income taxation of U.S. persons involved with foreign trusts
  • Reporting requirements related to foreign trusts

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Designed For:

CPAs and lawyers.


Haoshen Zhong, Esq.

Haoshen Zhong is a lawyer working at HodgenLaw PC, where he works with CPAs in the firm to identify and classify unusual foreign assets. He is commonly asked to examine hair-splitting regulations and areas where the IRS has published scant guidance, then come to a conclusion about how to treat a foreign asset. He first worked with PFICs in the context of foreign insurance plans and from there expanded into other matters related to them. Zhong received his juris doctor degree from U.C. Hastings. Before joining HodgenLaw, he was a patent agent.

No Agenda or Materials posted.