US Taxation of Foreign Trusts Webinar 3: IRS Tax Reporting & Special Issues Involving Foreign Trusts

This final session in the three-part series, IRS Tax Reporting and Special Issues, brings together Milan Solarz-Patel and Amy Jetel for a detailed, practical discussion on U.S. reporting obligations tied to foreign trusts. The webinar begins with a recap of trust classification and taxation, then shifts to how these rules translate into filing requirements, penalties, and protective strategies. Attendees hear insights on Forms 3520 and 3520-A, the significance of beneficiary statements, the risks of non-compliance, and planning approaches such as hybrid trusts, blocker entities, and strategic distributions. With a mix of technical explanations and candid exchanges, the speakers illustrate both the pitfalls and opportunities in cross-border trust planning, closing the series with forward-looking commentary and resources for continued guidance.

Click here to watch the recording of Webinar 3 on YouTube