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Author Archives: Sarjul Patel

About Sarjul Patel

Sarjul has over 15 years’ experience in US/UK taxation. He started his career in tax at Frank Hirth Plc, joining the Graduate Programme. Sarjul spent nine years at Frank Hirth progressing to tax manager in the final two years. He has developed a breadth of US tax experience in individual, corporate and trust taxation. He also has extensive experience in UK tax advisory and compliance with respect to individuals, including the details surrounding the UK/US tax treaty, designed to reduce double taxation. Sarjul’s current focus and specialism is dealing with US/UK taxation of trusts and high net worth individuals. Sarjul holds a BSc in Economics, is a member of the Association of Taxation Technicians (ATT) and is an Enrolled Agent (EA).

Revenue Procedure 2020-17 Explained – Forms 3520 & 3520A

On 3rd March 2020, the Internal Revenue Service (IRS) issued Revenue Procedure 2020-17 (Rev Proc), which specifically covered an exemption from information reporting in respect of certain non-US retirement plans. To provide some context, US persons with an interest in a non-US “trust-based” retirement plan should consider filing Forms 3520-A and 3520 annually in respect […]

Trust structures complexities

US settlors and US beneficiaries of non-US trust face a myriad of US income tax and reporting obligations that are not imposed on US settlors and US beneficiaries of US trust. In the first instance, both settlors and beneficiaries must report the income and gains of the trust allocated to them on their US income […]

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