International Tax: Foreign Trusts for U.S. Taxpayers – Video Self Study Course

Course Description

This course introduces United States tax considerations (both income and estate/gift) associated with foreign trust structures. The program reviews classification considerations under American rules for foreign trust structures, then details how a trust becomes “foreign” under U.S. standards.

Learning Objectives

Upon successful completion of this course participant should be able to be complete the following objectives:

• Know how to determine whether a foreign entity is a passive foreign investment company
• Understand the default rules for PFIC taxation and elections available to alter the same (QEF and MTM elections)
• Learn how PFIC interests are reported for tax return purposes

CPE Credits: 1 CPE for CPAs and EAs

Level: Basic

Instructional Method: Self-Study

NASBA Field of Study: Taxes

Program Prerequisites: None

Advanced Preparation: None

Revision Date: March 17, 2024