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INTRODUCTION TO FOREIGN TRUSTS AND COMPLETING FORM 3520
A Live Two-Hour Audio Seminar from CCH
Tuesday, June 29, 2010 - 1 PM Eastern; Noon Central; 11 AM Mountain; 10 AM Pacific
Register Today for Only $249 Per Site and Have an Unlimited Number of Users Participate!
Invite Colleagues, Customers, Prospects and Business Referral Sources to Join You!
Learn the Compliance Essentials for Foreign Trusts and How to Report the Information Required by Form 3520
U.S. persons must report certain foreign trust transactions and the receipt of certain foreign gifts on Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts. This form is used to report information with respect to the U.S. ownership of a foreign trust, specific transfers of property to a foreign trust, and distributions from a foreign trust, as well as the receipt of gifts or bequests from foreign persons.
This practical two-hour audio seminar on Tuesday, June 29, 2010, with noted international tax experts, Carolyn Turnbull, CPA, M.S.T. and Joseph E. Sardella, CA, CPA, will help you understand the fundamentals of U.S. reporting requirements with respect to foreign trusts and the filing of Form 3520. Ms. Turnbull and Mr. Sardella will provide a helpful review of the rigorous filing obligations for U.S. persons with ties to foreign trusts and examine some of the U.S. reporting rules and classification issues for foreign trust arrangements unique to U.S. persons living abroad. Time will be provided for you to ask questions via e-mail or over the phone to our distinguished presenters during the program.
Program Topics
Turnbull and Sardella will discuss and explain an array of important requirements and considerations, including:
- Review of the tax rules for foreign trusts
- Discussion of fundamental U.S. international tax reporting rules and obligations of U.S. persons with interests in foreign trusts
- Examination of the U.S. reporting rules and classification issues for foreign trust arrangements unique to U.S. persons living abroad
- Purpose of Form 3520
- Structure and preparation of Form 3520
- Treatment of foreign gifts and bequests
- Potential audit issues and triggers to avoid
Learning Objectives
- Develop a practical understanding of U.S. international tax reporting and compliance with respect to foreign trusts
- Understand the steps required to properly file Form 3520
- Gain awareness of potential problem areas and pitfalls to avoid
Who Should Attend?
Tax and accounting professionals responsible for cross-border tax compliance and planning; public practice CPAs, EAs, tax attorneys and other financial and wealth management advisors working with clients on international tax compliance and planning matters.
SPECIAL GIFT!
Register today for this insightful program on Tuesday, June 29 at 1 PM Eastern, Noon Central; 11 AM Mountain; 10 AM Pacific.
About the Speakers:
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Carolyn Turnbull, CPA, M.S.T.
Carolyn is the Director of Tax for Moore Stephens Tiller, LLC in Atlanta. She has more than 28 years of experience assisting companies across a wide range of industries and their owners to minimize their tax liability and maximize their profitability. Carolyn has extensive experience dealing with complex partnership and corporate tax issues at the federal, state and international levels. She is a members of the IRS Advisory Council and she has been recognized as one of the Top 50 IRS Representation Practitioners in CPA Magazine. Carolyn is very active with the AICPA, where she currently serves on the editorial board of The Tax Adviser, the Tax Practice Guides and Checklists Taskforce, the Partnership Compensation Taskforce, and as a technical reviewer and presenter. She is also a member of the AICPA’s cross border merger and acquisitions, Form 5472, Form 5471, Form 1042, Form 1120F, and Form 8858 international tax task forces. Carolyn is also a frequent speaker at tax seminars and in webcasts on a variety of corporate, partnership, and international tax topics. |
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Joseph E. Sardella, CA, CPA
Joseph Sardella is an International Tax Partner for MSCM LLP in Toronto. He advises both personal and corporate clients that are expanding into the U.S. and international tax markets. Joseph has more than 17 years of practical experience in U.S. and Canadian personal and corporate tax from senior level positions held in public corporations and international accounting firms. He has extensive experience in taxation matters relating to U.S. corporate and expatriate tax compliance; U.S. and cross border structuring and financing; hybrid entities, tax controversy, tax treaty interpretation, U.S. reorganization and state nexus issues. Joseph is a member of the Ontario and British Columbia Institutes of Chartered Accountants, as well as the American Institute of Certified Public Accountants. He is a licensed CPA in Illinois and is a member of the New York, Florida, California and Missouri Society of CPAs. Joseph is also an IRS certifying acceptance agent and an active member of the AICPA Tax Focus groups which work with the IRS in developing U.S. tax legislation. He has written for or been quoted in numerous articles in professional publications and the press. |
How the Audio Seminar Works
CCH’s live audio seminars require nothing more than a telephone connection. For the single per-site fee, you can have an unlimited number of listeners at your site participate, get up to speed and in-the-know on important topics, and get special bonus publications included with the seminar. Handout materials are provided in PDF format that you can download and copy for all those who will participate in the seminar at your location.
Practice Development Tip! Invite colleagues, business referral sources, clients and prospects to your office to listen in and participate on this seminar with you. They’ll appreciate your invitation to hear directly about this important topic.
Visit CCHGroup.com/AudioSeminars for more audio seminar topics, dates and times!
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Earn CPE Credit
- Two hours of CPE credit are available for an additional $25 per person wishing to receive a CPE certificate for their participation
- Course Level: Intermediate
- NASBA Field of Study: Taxes
- Prerequisites: Basic knowledge of U.S. international taxation principles
- Learn More About CCH’s NASBA Registration
Special Gift
Each registered site will also get a complimentary issue of CCH’s International Tax Journal
Order CD Recordings of CCH Audio Seminars
If you are unable to attend this upcoming event and would like to order a recording—or if you would like to order recordings of past CCH Audio Seminars, please visit the CCH Audio Seminar Archive Library today.
Pricing:
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Site License: $249 — Registration includes one telephone connection at one location, one master set of handouts (with permission to make additional copies for the participants at your location), an unlimited number of people in one listening room can participate, and one seminar bonus publication per registered site. Each Site License registration includes one free CPE certificate for one person at your site. Additional CPE certificates are available for $25 each for each additional person wishing to receive CPE credit for their participation.
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CD Recording: $249 — The CD includes an audio recording of the event and handout materials in PDF format. Includes copy of seminar bonus publication with purchase. Available one week after the live audio seminar event. (Note: CPE credit is not available for the CD version of the presentation.)
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Site License and CD Recording Package: $349 — This specially-priced package provides you with the Site License access to the live audio seminar event AND the CD Recording.
Our Guarantee
If for any reason you are not completely satisfied with this program, we will provide a full refund - no questions asked!
Register Today for Only $249 Per Site and Have an Unlimited Number of Users Participate!
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