Non-residents Non-citizens of the US Should Be Careful of How they Invest in American Assets
Many individuals who live outside of America like to purchase real estate in America or invest in the U.S. Stock Market. It can be much safer than investing in other parts of the world and often times the individual has children who have moved to America to live or study. Florida and New York are […]
Income Tax Consequences of Expatriation
In this down economy, many companies are laying off employees. While this could be deeply troubling for those who get laid off, imagine if you were also subject to a huge income tax penalty as a result. This could be happening to you now if you are a permanent resident alien who decides to leave […]
Is there a Federal Inheritance Tax?
It’s true. Most people think that the United States only has a federal estate tax (and yes, I know that technically there is no federal estate tax for 2010). However, the United States also has an inheritance tax that taxes certain inheritances that are received by United States citizens and permanent resident aliens if the […]
Estate tax liability for Non-Citizen Non-Residents of America
In this real estate market, some foreign investors may be tempted to buy property in the United States on the cheap. Overall, this may be a good idea, but I wish to caution you about one potential tax trap: When a person who owns property in America dies, and that person is not a citizen […]