Foreign Trusts - Traps for the unwary. 24 May 2021

Host group
Host Left
Hosted by
STEP Gold Coast Florida
Event Type
Web Event
Date

Description
There are many hidden traps when creating a Foreign Trust, or operating under an existing Foreign Trust that can result in a beneficiary unintentionally being exposed to U.S. income tax. This program will provide an overview in determining if a trust is U.S. or Foreign for income tax purposes and highlight several examples of how to avoid falling into the trap of U.S. income tax for planning purposes.

Speaker

  • John (“Jack”) M. Nuckolls, JD, LLM, Tax Senior Director, BDO

Bio
Jack is a nationally recognized speaker and the technical National Group Leader of the U.S. BDO Private Client Tax Services practice. Jack has over 30 years experience serving high net worth clients, closely held businesses, trusts and estates regarding income, estate, gift and generation skipping tax planning and compliance issues. Jack is also the U.S. representative of the BDO International Private client Services Center of Excellence, responsible for providing tax planning advice on a world-wide basis. Jack received his Masters of Law (LLM) in Taxation from Georgetown University, his Law degree (J.D.) and his B.S. in Accounting from the University of Tulsa.

To register, please send email to: [email protected]

Cost group
Event Cost
Complimentary
Schedule
12:00 - 13:00 EST
Contact
Susie Belanger
-
[email protected]
Add to Calendar 2021-05-24 00:00:00 2021-05-24 00:00:00 Foreign Trusts - Traps for the unwary. 24 May 2021 Description There are many hidden traps when creating a Foreign Trust, or operating under an existing Foreign Trust that can result in a beneficiary unintentionally being exposed to U.S. income tax. This program will provide an overview in determining if a trust is U.S. or Foreign for income tax purposes and highlight several examples of how to avoid falling into the trap of U.S. income tax for planning purposes. Speaker John (“Jack”) M. Nuckolls, JD, LLM, Tax Senior Director, BDO Bio Jack is a nationally recognized speaker and the technical National Group Leader of the U.S. BDO Private Client Tax Services practice. Jack has over 30 years experience serving high net worth clients, closely held businesses, trusts and estates regarding income, estate, gift and generation skipping tax planning and compliance issues. Jack is also the U.S. representative of the BDO International Private client Services Center of Excellence, responsible for providing tax planning advice on a world-wide basis. Jack received his Masters of Law (LLM) in Taxation from Georgetown University, his Law degree (J.D.) and his B.S. in Accounting from the University of Tulsa. To register, please send email to: [email protected] STEP Gold Coast Florida STEP Gold Coast Florida Europe/London public