Foreign Trust

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

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dgeml
Posts: 9
Joined: Mon Aug 30, 2010 9:52 am

Foreign Trust

Post by dgeml »

Are Universal Life Insurance policies considered "foreign trusts" for reporting purposes on Form 3520?
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JohnSt
Posts: 70
Joined: Wed Mar 07, 2007 2:33 pm

Post by JohnSt »

I am not qualified to answer your question about form 3520; however, form 720 addresses foreign life insurance.
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