Form 4970 Fill in Version Tax on Accumulation Distribution of Trusts

Instructions and help about Form 4970 Fill in Version Tax On Accumulation Distribution Of Trusts

hey everybody Phil Hajin here hello fellow tax nerds everywere welcome to the Hajin law PC international tax lunch we do this every month on the second Friday of the month noon pacific time you can listen in online just like you're doing right now through cal CPA or later it goes up on YouTube and you can listen /watch then this month's topic is how to report an accumulation distribution from a foreign non-grantor trusts so the government has these rules imposed for foreign non-grantor trusts to make it basically an economical for you to use them and so there's a giant paint factory and Deborah Ruud is going to talk about what happens when money comes out of a foreign non-grantor trusts and lends in the lap of a u.s. beneficiary there's a lot of pain in the tax department and a lot of pain in the paperwork Department so you're going to learn about the pain factory today anyway if you have a question during the presentation just ask it in the Box will select a few questions at the end i