U.S. taxpayers that own or engage in transactions with foreign trusts have various U.S. federal tax obligations related to such trusts. Additionally, U.S. taxpayers are required to report certain gifts or bequests from foreign persons. On May 7, 2024, the IRS and U.S. Department of Treasury released proposed regulations under IRC 643(i), 6039F, 6048, and 6677, providing guidance on U.S. taxpayer’s U.S. federal tax obligations for foreign trusts and foreign gifts under those provisions.
The Program/Webinar will provide an overview of the proposed regulations and the implications to U.S. taxpayers.
Moderator:
- Rosy L. Lor J.D., LL.M., Managing Director, BDO National Tax Office, Private Client Services, BDO
Speakers:
- Michael Karlin, Partner, Karlin & Peebles, LLP
- Kevin E. Packman, Partner, Holland & Knight LLP
- Melissa L. Wiley, Partner, Lowenstein Sandler LLP
Time: 12-1:30 p.m. ET
