US and UK tax rules are demanding of the levels of compliance from trusts and estates.
It may relate to the calculation of tax liabilities, but increasingly, many compliance obligations need to keep the tax authorities informed and the penalties for failure to file correctly and timely can be significant.
Our Trust, Estate & Family team can provide a full compliance service, covering income tax, capital gains tax and transfer taxes.
We make sure that filing obligations, deadlines and information reporting are fully understood by all parties, ensuring you remain fully compliant and reducing the risk of penalties.
Since 2004, the IRS has had the statutory authority in cases where a US person willfully fails to disclose balances… twitter.com/i/web/status/1…
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