A system for managing assets of a trust owning a controlled foreign corporation (CFC). The system includes means for associating the CFC with the trust owning the CFC and means for tracking assets associated with the CFC and the trust owning the CFC. A method for managing assets of a trust owning a CFC includes (1) associating the CFC with the trust owning the CFC using a linking database, (2) tracking assets associated with the CFC and the trust owning the CFC using an asset database, (3) tracking transactions associated with the assets using a transaction database, and (4) determining profit/loss data associated with the transactions using a processor communicatively coupled with the transaction database.