👉

Did you like how we did? Rate your experience!

Rated 4.5 out of 5 stars by our customers 561

Award-winning PDF software

review-platform review-platform review-platform review-platform review-platform

Video instructions and help with filling out and completing Form 3520 Exclusion

Instructions and Help about Form 3520 Exclusion

Divide this text into sentences and correct mistakes: Everyone, Aaron Day here from Sao Paulo, Brazil, with another episode of offshore maven. Now, there are over 30 types of non-qualified deferred compensation plans, and it's the foreign trustee that causes it to be a 402 D non-qualified deferred compensation trust. However, very few feature the exclusion of the 40 to be reporting on the IRS Form 3520. That's your main information form - no form 3520 or 3520-A reporting with this specific structure, no IRS form 5500 reporting with the wraps. Now, that's our unique selling proposition. REPS (Regulated Asset Protection Structure) regulated asset protection structure. So, it's a matter of evaluation that needs an experienced attorney. We encourage consultation with legal specialists and encourage clients to invite their own advisors to attend the phone consultation or we allow you to record it and provide it to your expert. Moreover, we do virtual meetings so you can share the whole thing with your tax advisor. W8-Ben-E, now that's the big catch. One, you know, at 29-E is where you find our knowledge invaluable. Like on IRS Form 8957, that again is an information gathering form that reads limited conditional. That is so critical to all of this. It needs to be limited additional note that a GIIN (Global Intermediary Identification Number), which is the number for an intermediary, you find our knowledge invaluable. Again, it is not possible for certain foreign pensions. So, this is the thing, it's that this intermediary has to qualify as well. So it's not just your structure, it's also your intermediary factor. Registration Identification Number is not a gym though, so those are two separate things. Now, what we have, we recommend that the structure be limited conditional, and we'll explain that to you in the...