A trust owns a single member LLC, which in turn owns 100% of a foreign entity. I'm confused by the wording in the February 2011 final rules on the FBAR. It says "a U.S. trustee must file the FBAR for the trust." Does that mean the trustee files under his or her own name?
What if there are two co-trustees? Do they both file the form? Or does the trust file?
I hate the FBAR form. I call it the FUBAR form.
Thanks, Gary