The Resource Coming to America : the ugly head of the 'throwback tax" - the nonresident alien cum resident as beneficiary of accumulated income

Coming to America : the ugly head of the 'throwback tax" - the nonresident alien cum resident as beneficiary of accumulated income

Label
Coming to America : the ugly head of the 'throwback tax" - the nonresident alien cum resident as beneficiary of accumulated income
Title
Coming to America : the ugly head of the 'throwback tax" - the nonresident alien cum resident as beneficiary of accumulated income
Creator
Subject
Language
eng
Summary
This article explains how and when the federal throwback tax and the compounded interest charge will apply to persons who might receive distributions from a foreign trust. It considers the problem of accumulated income in a foreign trust, initial federal tax considerations, preliminary federal tax considerations, applicable tax law, tax basis and fair market value of each trust asset, trust income and distributions (if any), taxation of US beneficiaries on current trust distributions, possible current taxation of US beneficiaries where trust owns stock in certain foreign corporation(s), US income tax consequences from distribution(s), and different investment strategies to minimize adverse effect of throwback tax
Citation source
In: International tax journal. - Chicago. - Vol. 32 (2006),
http://library.link/vocab/creatorName
  • Martin, P.W
  • Schimmer, J
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • throw-back rule
  • trust
  • non-resident alien
  • residence
Label
Coming to America : the ugly head of the 'throwback tax" - the nonresident alien cum resident as beneficiary of accumulated income
Instantiates
Publication
Label
Coming to America : the ugly head of the 'throwback tax" - the nonresident alien cum resident as beneficiary of accumulated income
Publication

Library Locations

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      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
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