U.S. Beneficiaries of Foreign Trusts

Four Bilzin Sumberg Tax Partners have been named to Lawdragon’s inaugural 500 Leading Global Tax Lawyers for 2025, recognizing their knowledge and success in Tax Law.

In October 2018, Jarvis Arrington, a former employee at a Burger King franchisee in Illinois, filed a class action complaint against Burger King Worldwide and Burger King Corporation (collectively, “Burger King” or “BKC”) for violation of Section 1 of the Sherman Act, 15 U.S....

The IRS has finalized long-awaited regulations under Internal Revenue Code §2801 and released a draft of Form 708, which U.S. beneficiaries must use to report certain gifts or bequests from former U.S. citizens or Green Card holders ("covered expatriates"). These transfers may be subject to a 4...