Webinar - U S Taxation of Foreign Trusts Bootcamp

This webinar, led by Milan Solarz-Patel of Auric Private Client Advisory LLC and Amy Jetel of Jetel Law, PLLC, introduces professionals to the fundamentals of U.S. taxation of foreign trusts. Milan begins with a light-hearted welcome, administrative notes, and a clear disclaimer that the session is purely educational. He emphasizes that individual tax or legal advice depends on specific facts, encouraging attendees to follow up privately for tailored guidance. After brief introductions highlighting Amy’s expertise in international taxation and Milan’s background as a former IRS trial attorney and voluntary disclosure specialist, the discussion shifts to the session’s core theme: how the United States classifies and taxes foreign trusts.

Milan explains that determining whether a structure qualifies as a trust, and whether it is domestic or foreign, forms the cornerstone of all subsequent U.S. tax analysis. This classification dictates reporting duties, filing requirements, and exposure to penalties under IRS rules. The presentation serves as a high-level “boot camp” aimed at professionals who may interact with foreign trusts but are not tax experts. Attendees are encouraged to treat the session as a conceptual overview, with Amy focusing on the technical aspects of U.S. taxation of foreign trusts.