****This meeting is at capacity, no additional registrations are being accepted.****
The U.S. taxation of foreign pensions is one of the most complex aspects of the U.S. tax code. There are significant tax and reporting implication with regards to U.S. persons’ ownership in foreign pensions. This presentation will provide the knowledge needed to issue spot the foreign pension pitfalls, address the basic statutory rules with the client, and learn how to work with an attorney to fill in any gaps (e.g., where a tax opinion is needed or preferred).
- Recognize tax classification of foreign pensions.
- Identify tax opportunities involving foreign pensions.
- Determine tax implications of foreign pensions.
How to classify a foreign pension for U.S. tax purposes (i.e., grantor trust, discriminatory employees’ trust, non-discriminator employees’ trust. The differences between the U.S. taxation and reporting obligations of these three classifications. How both employer and employee contributions to the pension plans are taxed from a U.S. a perspective. How distributions from a foreign pension plan are taxed to the recipient employee from a U.S. a perspective (with a deep dive on how the basis rules work in this context). Level of Difficulty:
Attorney's, Bankers, CPAs, Enrolled Agents, Financial Planners, Insurance Agents, Real Estate Agents, and Professional Staff.
There is NO CPE for this program.