Foreign Trusts - Traps for the unwary. 24 May 2021
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.
- John (“Jack”) M. Nuckolls, JD, LLM, Tax Senior Director, BDO
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]