Handling Unusual Assets: US Legal, Tax, and Planning Considerations for Cryptocurrency and Offshore Property

Part Seven of our Family Office University event series will be hosted in person at the Luxe Sunset Blvd Hotel in Los Angeles (with a reception to follow) and will also be available for web viewing. Speakers include Michael K. Moyers, Christopher J. Roman, and Xiang Qu.

Topics to be covered include: 

• Current regulatory and legal landscape on treatment of cryptocurrency, including best practices in transferring, taking custody of, and protecting cryptocurrency.
• Current tax rules and reporting requirements on cryptocurrency, with examples relating to financial products and bitcoin life insurance.
• Choice between “asset export approach” and “law import approach” as US individual taxpayers are moving their assets or investment activities abroad, with a focus on various United States and foreign entities available for holding structures.
• Anti-deferral taxation regimes and relevant reporting obligations applicable to controlled foreign corporations (CFCs), passive foreign investment companies (PFICs), and foreign non-grantor trusts.

CLE: ArentFox Schiff LLP is an Accredited CLE Provider in CA and NY. CLE credit is pending in other applicable jurisdictions.