Transfer Taxes for American Nondomiciliary 2 Credits
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Dec 19, 2024 | 03:00 PM
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Transfer taxes play a crucial role in the realm of estate planning and wealth transfer, particularly for individuals who are not domiciled in the United States but have assets situated within the country. This comprehensive guide aims to shed light on transfer taxes for American non-domiciliaries, exploring key concepts, applicable laws, and strategic considerations.
This CPE webinar will cover U.S. transfer taxes, emphasizing the distinctive rules for citizens, domiciliaries, and NCNDs. Through hypothetical scenarios and real-world considerations, the document explores the factors that determine tax exposure, such as residency, domicile, and international treaties. It provides detailed insights into how transfer taxes apply to different categories of assets, including real estate, business entities, and financial accounts. Further, we will explore specific aspects of transfer taxes applicable to nonresident individuals. This includes the estate and gift tax exclusions, the taxation of U.S.-situs assets, and the role of estate and gift tax treaties in modifying tax applications.
Major topics discussed:
Join this CE Tax webinar to uncover key aspects such as the taxation of foreign trusts, emphasizing the distinction between foreign grantor and non-grantor trusts, and highlighting the "throwback" rule for U.S. beneficiaries.
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Advance Preparation
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With over 35 years of US tax and international experience, Virginia has been a member of the NYS Bar since 1984. Practicing US tax overseas since 1986, Virginia’s practice has focused on clients in Asia and the Middle East. She provides expert insight into tax planning and compliance for American expats and foreign persons having any US connections.
Virginia has an expertise in cross-border transactions and structuring, FATCA, regaining US tax compliance with previously unreported foreign income, assets or accounts, expatriation tax planning, and providing specialist advice for international families in numerous areas of US international tax. Working with tax and attorney colleagues across the globe, Virginia excels in solving cross-border and multi-jurisdictional tax matters and has developed a unique and sought-after specialty in analyzing the US tax consequences of transactions involving Sharia law and the use of UAE “foundations” in US tax planning.
Virginia’s tax advice is highly knowledgeable, reliable and solution-focused. Having assisted Asian and Middle Eastern families for decades, she appreciates the sensitive and special situations involved in multi-national families. Virginia has worked with international law and accounting firms (Deloitte), major banks (including HSBC), and trust companies. Early in her career she worked with the top-tier NY law firm, Willkie Farr & Gallagher.
Virginia is a Bloomberg tax author and an avid tax blogger for many years; her work is highly regarded and recognized internationally. Her Twitter Account @VLJeker has been listed in Forbes, Top 100 Must-Follow Tax Twitter Accounts and she is named by Bloomberg as a tax professional to follow on LinkedIn. Tax Notes International recognized Virginia as a preeminent US tax professional, profiling her international tax practice (here). Listen to a short podcast posted in Forbes to hear Virginia discuss how she established her tax practice abroad, the challenge of balancing family life with career, and recent international tax issues.
Virginia has been quoted in the New York Times, Newsweek and the Wall Street Journal and is regularly quoted in local news and publications. Virginia has a passion for US international tax and her contributions to the field are prolific: interviewed by CNN, local television appearances, regularly speaking at conferences and seminars, and publishing a vast array of scholarly works on US tax issues, some of which have been referenced by other attorneys or organizations both to the US courts and US Congress
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Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.
To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
CG
Overall, the course on Transfer Taxes for American Nondomiciliary is highly recommended for tax professionals looking to expand their skill set in international tax planning. It combines theoretical rigor with practical application, making it a valuable asset for anyone navigating the complexities of U.S. transfer taxes for clients with international ties.
YJ
It is clear that the instructor is very experienced and knowledgeable and has a personal passion for this topic which made the course more enjoyable.
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