International Tax Guru Jack Brister, founder of International Wealth Tax Advisors, to Appear as Anchor Panelist in Upcoming Webinar on Foreign Trust Tax Reporting

Jack Brister

Founder, International Wealth Tax Advisors

Jack Brister, Founder of International Wealth Tax Advisors, is a noted international tax expert, with over 25 years of experience. Jack specializes in U.S. tax planning and compliance for non-U.S. families with international wealth and asset protection structures. Jack is a frequent featured speaker at numerous international financial conferences and has been named a Citywealth Top 100 U.S. Wealth Advisor.

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Even the seasoned accounting professional can get stymied by foreign trust reporting and the correct filing of Form 3520. Foreign trust and cross-border tax expert Jack Brister joins legal experts in a live webinar detailing the quirks and specificities of foreign trust compliance.

New York, NY, October 5, 2021             Industry-renown international tax and foreign trust expert Jack Brister, EA, MBA, TEP, will lend his expertise at a live, CPE-eligible webinar for finance and legal industry educator Strafford entitled, “Form 3520: Reporting Foreign Trust Activities on U.S. Beneficiaries’ Income Tax Returns.” The immersive webinar will cover the identification of filing obligations, how to complete form 3520, DNI planning after mid disallowance, and avoiding throwback tax. Interested professionals can sign up for the webinar directly on the Strafford website.

Even the seasoned accounting professional can get stymied by foreign trust reporting and the correct filing of Form 3520. Says Jack Brister, “Any information not provided or incorrectly presented can mean significant tax penalties ranging from 25% of the value of the trust to 35% of a distribution received. “

Join Jack Brister and a leading panel of legal and financial experts as they take a deep dive into the quirks and specificities of foreign trust compliance and the infamous IRS Form 3520.

When:  Monday, October 19, 2021, 1PM – 2:50 PM, EDT

Where: Livestreamed by Strafford. See for details.

What:  Topics covered will include but not be limited to:

  • Determining owners and responsible parties
  • What “reportable events” trigger a Form 3520 filing requirement?
  • DNI calculations and distribution strategies
  • Completing Form 3520
  • What are the penalties and relief provisions for failure to file a Form 3520 or Form 3520-A?
  • What is the overlap between Form 3520 and other foreign information reporting requirements such as Forms 5471, 8865, 8621, and Schedule B?
  • Throwback tax
  • IRC Section 6677 penalties for failure to file and relief provisions
  • What are the filing requirements for the U.S. beneficiary of a foreign non-grantor trust?
  • What are the processes for establishing a reasonable cause exception for penalty abatement?


About International Wealth Tax Advisors

International Wealth Tax Advisors (IWTA) specializes in mitigating U.S. taxes and solving highly-sophisticated cross-border tax issues.  Working with clients’ offshore and domestic wealth structures, we strategically pinpoint the intricacies and weaknesses of U.S. and foreign tax systems to minimize loss of wealth and profits.  


Follow Jack Brister for Insights and Updates on International Tax Compliance

 IWTA founder Jack Brister is a regular contributor to business intelligence publication J.D. Supra. His news updated can also be found on the IWTA blog, and daily on Twitter, handle @IWTAJack.