Foreign trusts routinely cause U.S. reporting headaches for taxpayers. Generally, tax professionals must grapple with both the language used in the trust and applicable foreign law to determine the ...

In this global economy, it’s becoming increasingly common for U.S. citizens and residents to have financial ties overseas. These financial ties often come in the form of foreign bank accounts, real ...

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. Grantor trusts are treated differently from other trusts ...