Caroline D. Ciraolo joins a panel titled “Foreign Trusts and Gifts – Reporting Obligations, Compliance Issues, and Challenging Those Egregious Penalties!” at the 59th Annual Hawaii Tax Institute.

We live in a global economy and many clients have sources of income and assets 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 will address reporting requirements for foreign trusts (including Australian Superannuation funds, Liechtenstein Anstalt, Mexican fideicomiso, Canada tax saving and retirement plans, Stiftungs, and Usufructs), and the receipt of gifts from foreign individuals and entities. Learn about the consequences of noncompliance, paths to compliance, and best practices in challenging the often substantial penalties.

Panelists:

• Caroline D. Ciraolo, Partner, Kostelanetz LLP
• Marsha Dungog, Partner, Withers Worldwide
• Kurt Kawafuchi, Principle, Law Offices of Kurt Kawafuchi

Click here to register. Please take note that this event will take place in PST time.