5/2015 Publications

HUF HUF and Blow the IRS Away: An Analysis of a Hindu Undivided Family (HUF) – Is it an Entity or a Trust? Neither? A Tenancy in Common? How does it Comply with U.S. Tax Laws?

Absent any IRS guidance on a HUF, how should practitioners counsel their clients in light of the increased information sharing due to FATCA and inter-governmental agreements? This panel explores the cross-section of U.S. tax classifications, income and transfer tax implications, and compliance issues related to a HUF: Tenancy in common? Trust? Entity? Income Tax? Estate/Gift? FATCA? FBAR? American Bar Association Section of Taxation – 2015 May Meeting. May 9, 2015.