The Third Party Designee Did Not Have An Answer As To The Location of The Foreign Trust
We cannot tell one
what to say to the IRS. Foreign trusts must have an address or country to call
their situs and that is where the trust is located.
Related Articles
How To Get EIN Outside USA
There are 2 methods to obtain an EIN when not a USA Citizen or outside the USA (e.g. long-term overseas business). An Authorized Agent will need to be hired for METHOD 1: To obtain an EIN as an international applicant, call the IRS at +1 (267) ...
How To Move or Change The Trust Address / Situs
The initial address is created when the trust indenture is notarized. There are powers to move the trust situs as needed. To move the trust situs, make a note in the trust minutes. This officially changes the location.
Who is a Third Party Designee
This is the party designated on a tax form who is able to discuss that specific tax return and year with the IRS. It also authorizes the IRS to disclose said tax information to a person one brings into a phone conversation or meeting about a specific ...
Can The Trust Be A Shareholder In A Foreign Company
The trust can be a shareholder in a foreign company as long as the foreign country's laws allow this. The trust can change its jurisdiction/situs/location at any time and is not permanent.
Does Trust Require Series 98 (Foreign Entity) EIN
Typically, no. Unless the trust is outside the USA but prefers doing business inside the country, it is not necessary.