How I Analyze a Foreign Trust for Grantor Trust Status
Today, you get to look over my shoulder to see how I think through “do I have a grantor trust with a…
Basis Step Up for Foreign Assets – How and Why It Works
Basis Step Up for Foreign Assets – How and Why It Works This newsletter is about stepped-up basis for foreign assets inherited…
Subpart F Income in a Multi-Level Structure, Episode 3
Hello again, welcome to another episode of the Form 5471 show. I am your host, Phil Hodgen. This is Episode 3 of…
Subpart F Income in a Multi-Level Structure, Episode 1
How much income is reported on this shareholder’s Form 1040? Why? Why does Subpart F income jump directly from the bottom-level controlled…