Press Room: Foreign Trust

November 02, 2015

Drucker to Speak On Foreign Trust Tax Compliance

CalCPA’s mission is to increase the value and promote the integrity of the CPA profession, contribute to the success of our members, and strengthen client, employer, public and government trust in ...

March 13, 2020

Information Reporting Exemption and Penalty Relief Opportunity for U.S. Taxpayers Subject to Annual Foreign Trust Reporting Rules

IRS has issued new guidance exempting current and former U.S. citizens and residents from annual reporting requirements for owning, or transferring money to, certain tax-favored foreign retirement, medical, disability and educational plans ...

June 29, 2020

IRS Set to Launch New Enforcement Campaign to Audit High Net-Worth Individuals and Related Entities on July 15, 2020

The commissioner of the Large Business and International IRS Division recently announced that on July 15, the agency will launch an enforcement campaign that will examine several hundred high-income households that have a related ...