PICPA

Info@ForsterBoughman.com
Call Us: (407) 255-2055

Monday, 13 November 2023 08:46

Foreign Trusts: Income Tax and the Nonresident Noncitizen Grantor

Article Written for: the CPA Now, PICPA Pennsylvania Institute of Certified Public Accountants

Foreign trusts generally incur taxable income similar to nonresident noncitizen (NRNC) individuals, with certain limitations on credits and deductions that are source income.¹

Published in Publications

Foreign Trusts: Income Tax and the U.S. Grantor

Article Written for: the CPA Now, PICPA Pennsylvania Institute of Certified Public Accountants

A foreign trust is generally treated as a nonresident noncitizen (NRNC) holding for U.S. income tax purposes. Therefore, foreign trusts are subject to U.S. income tax only on U.S. source income.[1]

Published in Publications

Our mission is to serve as a resource for complex domestic and international business transactions, tax, health law, asset protection, and related litigation.

Our firm is an approachable and economic alternative to large national and international law firms. Se habla español.

Gary presents for Pension Investors Orlando at the Hilton North Orlando on structuring strategies for asset protection, tax efficiency and planning, in his seminar: "Domestic and International Asset Protection and Tax Planning for CPAs"

25 June 2025

From

Follow on Twitter

ForsterBoughman
2200 Lucien Way, Suite 405
Orlando (Maitland), Florida 32751

Local: (407) 255-2055

Toll-free: (855) WP-GROUP

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Office hours: Open weekdays
from 8:30 AM to 5:30 PM

Books

Foreign Trusts: Income Tax and the Nonresident Noncitizen Grantor

Foreign Trusts: Income Tax and the U.S. Grantor

Press Releases

Twitter Feed

Contact Info