What: Form 3520 and Foreign Trust Distributions to U.S. BeneficiariesWhen: Friday, June 13, 2014 at Noon (Pacific Time) Where: HodgenLaw, 80 S. Lake Avenue, Suite 680, Pasadena, CA 91101 Who: Phil Hodgen
This month’s International Tax Lunch will be about Form 3520 and foreign trusts.
When you are preparing an income tax return for a U.S. taxpayer who receives a distribution from a foreign trust, what—exactly—do you need to file, and when do you need to file it? What are the penalties for mistakes or late filing? And what are the remedial steps you can take if you are facing penalties?
To register for in-person participation, click here.
*In-person participation is limited to 10 participants.
To register for conference-call participation, click here.
*Call-in participation is listen-in only, but you can email your questions to us here.
The international tax lunch sessions are held every month on the second Friday of the month. Past topics include expatriation, PFICs, and nonresident investment in U.S. real estate.
To be notified of upcoming sesions, sign up for the lunch list, click here.
Philip D. W. Hodgen is the principal attorney of HodgenLaw PC, an international tax law firm based in Pasadena, California. He earned his undergraduate degree from Claremont McKenna College and his law degree from the School of Law at the University of California, Los Angeles. He then went on to earn a Master of Laws degree with a specialty in taxation from the University of San Diego School of Law. Admitted to the California bar in 1982, Phil spent nine years in law firms and with a large U.S. bank before starting his own firm in 1991.
Phil is a past chair of the International Tax Committee of the State Bar of California's Tax Section and was a member of the Executive Committee of the State Bar of California's Tax Section for 2004-2007. Phil frequently speaks on a variety of international tax, trust and estate topics to attorneys, accountants, and real estate professionals.
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Tax laws change over time, and the information in this post above may be less accurate today than it was at the time of the last revision. This post is not tax advice for your specific situation. Please contact an international tax professional to get personalized advice for your situation.