August 15, 2015

Non-residents transfer property with no estate and gift tax

What is FIRPTA? The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) allows the IRS to tax foreign persons on the disposition of real […]
July 3, 2015

How Strong is US Transfer Taxation reach to Non Residents?

U.S. transfer taxes include gift tax, generation-skipping transfer tax and estate tax and can apply during the life or at the death of a Non Resident […]
March 26, 2014

Tax consequences if I decide to immigrate to the U.S.?

Yes, there are income tax and transfer tax (gift, estate, and generation‐skipping transfer) consequences to obtaining U.S. Citizenship (or Permanent U.S. Resident Status). Careful consideration should […]
March 26, 2014

How does someone inventory assets?

The successor trustee has a fiduciary obligation to marshal and safeguard trust assets. The key to successful administration is timely and complete asset collection. Information about […]
March 26, 2014

Receiving gift or bequest from foreign individual

Traditionally, under United States taxing principles a transferor (party making a gift) making a gift or bequest is the one subject to transfer tax (gift or […]
March 26, 2014

Employment benefits with regard to the gross estate

Treatment of employment benefits depends upon the nature of the payments made. A voluntary payment made by an employer to a deceased employee’s surviving spouse or […]