On the second Friday of every month (with a few exceptions during filing season) HodgenLaw hosts a lunch where we present on a specific topic in International tax for an hour.
Please come and join us at our office to meet our team members and to discuss the topic! Lunch from the firm's favorite bakery will be provided. Contact Rachel Allen at email@example.com for further information.
Foreign lenders can make mortgage loans on U.S. real estate and collect the interest tax-free. This month, Phil talks about the portfolio interest exception. Why does it work? How does it work? Phil will demystify the magic language that must be included in the loan documents, and emphasize practical tips to follow when you are setting up such a loan. A sample promissory note template is included with the slides.
Who: Phil Hodgen
When: October 14th, 2016 at 12:00PM PDT
In-Person Participation Call-In Participation
When: November 9th, 2016 8:30AM – 12:30PM
Where: Webcast hosted by CALCPA
Foreign Trusts: The Basics
Presenter: Haoshen Zhong
Time: 8:30 AM – 9:30AM
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.
Foreign Trusts: Returns and Compliance
Presenter: Debra Rudd
Time: 9:30AM – 10:30AM
Learn how to report contributions to, ownership of and distributions from foreign trusts on Forms 3520 and 3520-A. This course will cover some common real-world scenarios and include examples of the calculations you will perform, as well as walk through how to prepare the necessary forms.
Foreign Trusts: How and When to Use Them
Presenter: Philip Hodgen
Time: 10:30AM – 11:30AM
Foreign trusts are appealing for holding and transferring wealth between generations. For U.S. taxpayers, however, they carry a heavy tax burden. In this course you will review situations where foreign trusts might be used: inbound transfers of wealth and outbound transfers, such as asset protection trusts. Tax considerations are the focus of this course, but practical issues will be addressed.
Foreign Trusts: Cleaning Them Up
Presenter: Haoshen Zhong
Time: 11:30AM – 12:30PM
Federal tax rules for foreign trusts are complex and compliance failures mean steep penalties. Identify the penalty risks that apply to foreign trusts, their settlors, trustees and beneficiaries—and different strategies for fixing the problems.