Finding and Fixing Foreign Issues in your Domestic Trust

In this course we will review ways in which a domestic trust can inadvertently become foreign. We will discuss the court and control tests and the rules for grantor trusts. We will review common problems that can cause domestic trusts to be taxed as foreign. We will also identify some tools available under the Tax Code and Regulations to resolve common problems.



Objectives:

1) Learn the court and control tests
2) Identify two common scenarios that can create an inadvertent foreign trust
3) Understand the problem of capital gain recognition and some exceptions to this rule

This webinar offers 2 IRS CE/2 NASBA CPE Credits.