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Dianne Mehany Addresses U.S. Tax Compliance on Frank Hirth Webinar

February 10, 2021, 3:30 PM to 4:15 PM GMT
Speaker:Dianne C. Mehany
Program:How to Solve a Problem Like...U.S. Tax Compliance
Event Sponsor:Frank Hirth
Registration:Click Here To Register

In this webinar, we will be discussing the IRS tax compliance requirements that non-U.S. trustees should be aware of in 2021 for any Trust structures that have a U.S. Connection. This will focus on Forms 3520-A, 3520, and 1040-NR but will also discuss other relevant reporting, including Form 5472, which continues to be a misunderstood filing requirement. We will discuss the latest logistical issues around these filing requirements, including practical guidance around identification numbers and appointing U.S. agents, amongst other points.

We will also be joined by Dianne Mehany, Partner at Caplin & Drysdale, to discuss the latest trends & initiatives coming out of the IRS regarding foreign trust reporting and associated penalties for non-compliance (and where the penalty exposure sits). We will also provide further insights into dealing with situations of non-compliance and guidance on the options available.

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