If you are a G-4, green card holder, or US citizen retiring from an international organization, there are some great tax planning opportunities available to you. This is true whether you take a lump sum or an annuity. But you usually need to take [...]
Many G-4 visa holders who apply for green cards incorrectly assume that their US tax residency will begin on the day they receive their green cards. In some cases, this is true. But in most cases, your residency will begin before that. That’s because [...]
It depends. Sometimes you will work directly with a tax professional in another country, and other times we coordinate and communicate on your behalf with one of our Nexia partners. In either case, we strive for consistent and coordinated advice to avoid any tax [...]
We will handle your US tax returns, but when it comes to another country’s tax system, we work with our Nexia partners to better serve you. Since tax systems vary vastly by country, you are best served by tax specialists within each country.
We will review your case and determine if there’s any need for a partner. However, if you have income or assets outside the United States, you will likely need a Nexia partner firm.
Very deep. We have personal relationships with many Nexia tax professionals, which we have formed and fostered over decades of work together. Our tax peers within Nexia are like family. Every year, we meet multiple times at our international meetings and conferences, including our [...]
We lean on these partners to help answer questions about foreign tax returns, estate planning, gift planning, transferring wealth, filing requirements, structuring businesses, and more.
The rules are complex. US individuals and businesses were subject to the tax if their ownership percentage in a foreign corporation exceeded certain thresholds in late 2017. For example, the tax often applied to: Individuals who, together with family members, owned or controlled a [...]
In some cases, amending can result in a sizable refund. If your Repatriation Tax was calculated conservatively (due to the absence of clear guidance at the time), then you may have overpaid the original tax. By amending your returns timely, you can recover the [...]
It’s not a good idea to ignore the tax. The IRS will be able to tell from your more recent tax returns whether you should have included the Repatriation Tax on your 2017 returns. And the IRS has already issued public warnings to say [...]
