PRE-IMMIGRATION TAX PLANNING STRATEGIES

5 (1)

Patrick McCormick, DL, LLM

Culhane Meadows

  • CPA(Canada)

Before starting this self study program, please go through the instructional document.

Overview

  • Introduction to the subject4 mins
  • Non-Resident Aliens – Income Tax, ECI, FIRPTA, FDAP Income, Income Tax Treaties, Transfer Taxes7 mins
  • US Taxpayers – Income Tax, Transfer Tax,31 mins
  • US Taxpayers vs. Nonresident Aliens – Income Tax, Transfer Tax42 mins
  • Income Tax Planning Opportunities in the Pre-immigration Context54 mins
  • Transfer Tax Planning Opportunities in the Pre-immigration Context70 mins

Course Description

This webinar will provide tax advisers with a practical guide to planning tools and techniques for clients who are nonresident aliens contemplating residency/citizenship changes which will render them United States taxpayers. The seminar will discuss differences in tax scope between nonresident aliens and United States taxpayers, both for income tax and estate/gift tax purposes. The seminar will then detail strategies for minimizing income and transfer tax post-residency, including basis strategies for non-U.S. situs assets, structuring “drop-off” trusts, and planning for the possibility of the nonresident alien’s return to the country of origin.

Learning Objectives

  • Differences in tax scope between nonresident aliens and United States taxpayers
  • Practical guide to planning tools and techniques for clients who are nonresident aliens contemplating residency/citizenship changes

Who Should Attend?

  • Enrolled Agent
  • Finance Pros
  • Tax Attorney
  • Tax Practitioners
  • CFO/Controller
  • Tax Pros
  • Auditors
  • Tax Firm

Testimonial

5

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LL

Patrick spoke in a fluent manner and presented at a reasonable pace. The presentation materials were easy to read and understand. It was an informative webinar for tax planning strategies.