Form 3520-A Line by Line: Preparing Owner and Beneficiary Statements, Avoiding Penalties, Handling Missed Filings
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This webinar will provide trust and international practitioners with a line-by-line explanation of the filing requirements and examples of filing Form 3520-A, Annual Information Return Foreign Trust With a U.S. Owner. Our panel of international tax veterans will offer advice for unfiled returns and tips to efficiently prepare this form for foreign trusts and clients who participate in these.
Outline
- Form 3520-A: overview
- Who must file?
- Exceptions to filing requirements
- Penalties
- Handling missed filings
- Preparing the Form, Parts I - III
- Foreign Grantor Trust Owner Statement
- Foreign Grantor Trust Beneficiary Statement
- Additional filings and reporting requirements
Benefits
The panel will cover these and other critical issues:
- How to complete the Trust Beneficiary Statement
- Best practices for handling missed required filings of Form 3520-A
- When is the U.S. trust owner rather than the foreign trustee required to satisfy the filing requirements?
- A line-by-line review of preparing Form 3520-A Parts I-III
Faculty
Jack R. Brister, TEP
Managing Member
International Wealth Tax Advisors
Mr. Brister specializes in U.S. tax planning and compliance for non-U.S. families with international wealth and asset... | Read More
Mr. Brister specializes in U.S. tax planning and compliance for non-U.S. families with international wealth and asset protection structures which include foreign trusts, estates and foundations that have a U.S. connection, as well as foreign companies wanting to do business in the U.S. He also specializes in foreign investment in U.S. real property, and other U.S. assets, pre-immigration tax planning, U.S. expatriation matters, U.S. persons in receipt of foreign gifts and inheritances, foreign accounts and assets compliance, offshore voluntary disclosures, FATCA registration, executives working and living abroad and annual reporting. He has been widely published, in addition to speaking at numerous international engagements.
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John Samtoy
Tax Partner
Holthouse Carlin & Van Trigt
Mr. Samtoy’s practice specializes in international tax compliance and consulting services, with a focus on... | Read More
Mr. Samtoy’s practice specializes in international tax compliance and consulting services, with a focus on individuals, closely-held businesses, and hedge funds. He has particular expertise in structuring and reporting foreign manufacturing arrangements and foreign holding companies, and is experienced in foreign asset disclosure requirements, as well as foreign trust and estate reporting.
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