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Help! I am a Swiss resident with a US trust – Part II

Last week we discussed trusts, what they are used for and that Swiss resident US citizens usually need a Swiss tax ruling to determine how their US trust will be taxed in Switzerland. We further explained that Switzerland will typically classify US trusts as revocable...

Help! I am a Swiss resident with a US trust

We are taking a break from The Ultimate Tax Guide this week and next week to answer, in two parts, a question I received from a reader. We’ll get back to our 37 Tax Insights in a couple of weeks when we will start discussing foreign tax credits. The issue we will be...