2024 U.S. Reporting Checklist and Deadlines

The importance of meeting U.S. tax and reporting deadlines cannot be overstated. With the IRS continuing to strengthen its efforts to enforce compliance with initiatives specifically targeting foreign information reporting, this U.S. reporting checklist by Kozusko Harris Duncan can help family advisers and trustees of foreign trusts determine what if any U.S. reporting will be due. Other important information outlined in this checklist includes the parameters and requirements concerning the request for a filing extension and the new Corporate Transparency Act that became effective January 1, 2024.