Sep 21, 2019
Foreign grantor trust income is taxable to the trust creator. NOTE: nonresident #aliens cannot establish trusts treated under U.S. rules as #foreign #grantor #trusts except under narrow circumstances. Foreign #nongrantor trust treated as an #entity separate from its creator. Subject to #direct #tax only on its U.S. sourced #income. Special rules apply to foreign nongrantor trusts with U.S. #beneficiaries including the “throwback” #rule. #stephensbros #stephensbrostaxservice https://www.instagram.com/p/B2r29esFT76/?igshid=m6knlyukxwao