An abusive scheme toolkit for external stakeholders Table of contents Introduction Facts Background Basic trust taxation rules Abusive domestic trust schemes Abusive foreign trust schemes Accessing the offshore funds Law and arguments Substance - not form - controls taxation Grantors may be treated as owners of trusts Taxation of non-grantor trusts Transfers to trusts may be subject to estate and gift taxes Personal expenses are generally not deductible A genuine charity must benefit in order to claim a valid charitable deduction Special rules apply to foreign trusts Talking points News releases Trifold available PDF Questions and answers Referrals/contacts Special types of trusts Glossary of trust terms Form 14242, Report Suspected Abusive Tax Promotions or Preparers PDF
