Posted on January 25, 2023
In a global society where business and family affairs are conducted regularly across international borders, it is very easy for individuals’ activities to fall unintentionally under the taxing authority of another country. This is especially true when it comes to foreign persons making gifts and passing inheritances to heirs located in the U.S. With a […]
Posted on January 10, 2023
The United States continues to be a destination for foreign citizens to invest their assets, conduct business and, in many cases, make their permanent home. Those individuals seeking U.S. residency often find the path to citizenship lined with a wealth of opportunities, a broad range of new responsibilities and costly liabilities, including U.S. income tax, […]
Posted on December 15, 2022
In this episode international tax advisor Lewis Kevelson shares tips and traps for international families with US assets.
Posted on November 14, 2022
The U.S. government first enacted the Foreign Account Tax Compliance Act (FATCA) over a decade ago to combat the global issue of tax evasion and make it more difficult for individuals and businesses to hide assets offshore and outside the purview of U.S. tax authorities. While foreign financial institutions bear much of the responsibility for […]
Posted on November 08, 2022
A fragile global economy and political uncertainty continue to fuel the United States’ status as the world’s most attractive location for foreign investment. However, investors chasing positive returns, high yields and portfolio diversification often face a tricky U.S. tax system that may provide tax-savings opportunities in some instances and costly income-tax traps in others. Contrary […]
In this episode Associate Director of Tax Services Tony Huber explains some of the nuances of international mergers and acquisitions.
Posted on October 13, 2022
Immigrations laws in the U.S. differ from the country’s tax laws, which require individuals to report and pay federal income tax based upon the government’s classification of their residency status. While it is not uncommon for someone to live in the U.S. without establishing residency for tax purposes, it is important to recognize when this […]
Posted on August 30, 2022
The IRS recently announced it will provide retroactive penalty relief to taxpayers that failed to file certain tax and information returns on time during the COVID pandemic. To receive this automatic waiver of penalties, domestic and international individuals, businesses, and trusts and estates must file an applicable income tax return on or before Sept. 30, […]
Posted on August 18, 2022
In this episode Director of International Tax Services Lewis Kevelson discusses pre-immigration tax planning and why it’s so important to start before you start the citizenship process.
In this episode Director of International Tax Services Art Dichter explains when foreign trusts are useful and how they play into tax planning.