May 2011

Offshore trusts have very stringent reporting requirements.  Some of the major filing requirements are the following:

  • IRS Form 1040 NR — while a domestic trust files an IRS Form 1041, a foreign trust must file a Form 1040 NR.
  • IRS Forms 3520 and 3520-A. 
  • TD F 90-22.1 (FBAR) if their are foreign accounts.  This is required for any foreign