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1041 and overseas trustee..........

 

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Subject Author Date
1041 and overseas trustee.......... Nan, EA in LA 06-21-2006
Posted by Nan, EA in LA on June 21, 2006, 10:57 pm
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Contacted by a friend of a friend. He is trustee of a split
trust set up by his deceased father in 2000, half administered
by him and to be used when his step-mother runs out of income
from her half. He is an American citizen living in England.
The step-mother lives in New Mexico.

There's not a lot of income (few hundred a year as far as I can
see) but unforturnately, he didn't file anything at all........
I can handle the past Federal returns but does anyone know
whether or not he has to file something in England? If he
does, I'm up the proverbial creek........

Nan, EA in LA

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Posted by ed on June 23, 2006, 10:18 pm
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Nan, EA in LA wrote:

> Contacted by a friend of a friend. He is trustee of a split
> trust set up by his deceased father in 2000, half administered
> by him and to be used when his step-mother runs out of income
> from her half. He is an American citizen living in England.
> The step-mother lives in New Mexico.
>
> There's not a lot of income (few hundred a year as far as I can
> see) but unforturnately, he didn't file anything at all........
> I can handle the past Federal returns but does anyone know
> whether or not he has to file something in England? If he
> does, I'm up the proverbial creek........

The trust is probably a New Mexico trust and the residence
of the trustee immaterial.

<< ======================================================= >>
<< The foregoing is intended for educational purposes only >>
<< and does NOT constitute legal OR professional advice. >>
<< >>
<< The Charter and the Guidelines for submitting >>
<< messages to this newsgroup are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>

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