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Caroline D. Ciraolo Participates In A Panel Entitled “Foreign Trusts and Gifts – Reporting Obligations, Compliance Issues, and Challenging Those Egregious Penalties!” At The 29th Annual Estate And Gift Tax Conference
July 29, 2022 @ 3:30 pm - 5:00 pm EDT
On July 29, 2022, Caroline D. Ciraolo participates in a panel entitled “Foreign Trusts and Gifts – Reporting Obligations, Compliance Issues, and Challenging Those Egregious Penalties!” at the 29th Annual Estate and Gift Tax Conference. MCLE credit is offered for this event.
We live in a global economy and many clients have sources of income, investments, assets, or activities outside the United States. For U.S. persons, this means having to comply with a complex web of reporting obligations under the Internal Revenue Code and the Bank Secrecy Act. This panel addresses the rules of the road with respect to foreign trusts and the receipt of gifts from foreign individuals and entities. The panelists address the reporting requirements, consequences of noncompliance, paths to compliance, recent enforcement actions and litigation, and best practices in challenging the often substantial penalties.
Caroline D. Ciraolo, Partner, Kostelanetz & Fink, LLP
Kurt Kawafuchi, Lecturer of Accounting, University of Hawaiʻi at Mānoa Shidler College of Business
Marsha Dungog, Partner, Withersworldwide
Click here for more information and to register.