EFTA01744928.pdf

From: Richard Kahn Subject: Fwd: FBAR/FATCA Sent Wednesday, June 10, 2015 5:27:54 PM To: "Jeffrey E." leevacation©gmail.com> imaoe001.aif would you like to speak with alan? if so please advise on timing? thank you has Joslin given you good figures for Leon June 15th estimates? Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York. NY 10022 Begin forwarded message: From: "Dlugash, Alan" To: jeffrey E. leevacationaqmail.com> Cc: Richard Kahn t • ' " ' Subject: RE: FBAR/FATCA Date: June 9, 2015 at 6:39:28 PM EDT I'm reasonably familiar with FBAR and FATCA issues, but I also do have access to experts. Trustees of trusts organized under US law are required to file FBAR reports. More than 50% beneficiaries of US trusts are obligated to file FBAR's, but this requirement is waived if a US trustee of the trust files on behalf of the trust. FATCA reporting is basically only for individuals. Individuals who are beneficiaries of trusts do not have to include in their FATCA filing foreign financial assets that are in the trust solely because they are beneficiaries of the trust. ALAN DLUGASH CPA Marks Paneth LLP 685 Third Avenue. New York NY. 10017 EFTA_R1_00037395 EFTA01744928  From: jeffrey E. [mailko:ieevacationftamaii.com] Sent: Tuesday, June 09, 2015 6:40 AM To: Dlugash, Alan; Richard Kahn Subject: I need an expert on FI3AR filing for Icon. do the trustees of the trusts have an obligation. benficitaries. ? 8938 ? as well please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return c-mail or by c-mail to jcevacationrii umail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved Any tax advice in this e-mail should be considered in the context of the tax services we are providing to you. Preliminary tax advice should not be relied upon and may be insufficient for penalty protection. CONFIDENTIALITY NOTE: This transmission may contain confidential and/or privileged information. This information is intended for use by the individual or entity named above. If you are not the intended recipient, be aware that any disclosures, copying, distribution or use of the contents of this information is prohibited. If you have received this transmission in error, please notify this office immediately. EFTA_R1_00037396 EFTA01744929