Navigating the Tax Consequences of Investing in a Foreign Corporation: CFC, Subpart F, GILTI and Form 5471

Investing in a foreign corporation can have significant tax consequences for U.S. taxpayers. In this blog post, we will discuss the tax implications of investing in a foreign corporation, including controlled foreign corporation (CFC) rules, subpart F income, Global Intangible Low Taxed Income (GILTI) and the requirement to file Form 5471. First, let’s define a […]

Understanding Tax Risks and Mitigation Strategies for Nonresident Aliens Investing in U.S. Real Estate: The Importance of the IRC 897(i) Election

Nonresident aliens who invest in U.S. real estate face a number of tax risks that can have a significant impact on their investments if not properly addressed. These risks are the result of the fact that nonresident aliens are subject to different tax rules than U.S. residents, and may be subject to harsh U.S. estate […]

Protecting Your Wealth for Future Generations: The Benefits of a Dynasty Trust

Are you a wealthy individual or family looking for a way to protect your assets for future generations? If so, a dynasty trust may be the perfect solution for you. A dynasty trust is a type of trust that is designed to last for multiple generations. It allows assets to be passed down to future […]

Why Setup a Trust or Foundation in Dubai

When it comes to managing assets, protecting wealth, and planning for the future, many individuals and businesses turn to trusts and foundations as a viable solution. And when it comes to finding the perfect location to set up a trust or foundation, Dubai has become a popular choice due to its many benefits as highlighted […]

Bad Advice Has Dire Consequences When Foreigners Invest in U.S. Real Estate

A buddy of mine contacted me in a panic the other day. The top tier law firm he and his wife had engaged to assist with a large U.S. real estate acquisition dropped them in the middle of the transaction! WTF? Oh, as it turns out, they also failed to properly advise them on the […]