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Archive for October, 2012

US Estate Tax Planning When Married to a Non-US Spouse: Use of a “QDOT”

By Virginia La Torre Jeker J.D., - Monday, October 29, 2012

This post will describe the usefulness of something called a “qualified domestic trust” (“QDOT”) as a possible estate tax planning tool for the US person who is married to a… Read more…

Foreign Nationals – Am I “Resident” for US Estate & Gift Tax Purposes?

By Virginia La Torre Jeker J.D., - Monday, October 22, 2012

Determination of Residency The determination of residency for US income tax purposes is objective and quite precise. A non-US citizen will be considered a US “resident” for a particular calendar… Read more…

Unreported Offshore Account Holders – The IRS Can Find You Without Knowing Your Name

By Virginia La Torre Jeker J.D., - Monday, October 15, 2012

The Swiss Continue to Cave In In March 2012, the Swiss government approved an amendment to the US-Swiss Income Tax Treaty negotiated in 1996, giving the US the ability to… Read more…

ITINs – IRS Issues More Interim Rules

By Virginia La Torre Jeker J.D., - Friday, October 12, 2012

Start the Process ASAP: ITINs Now More Difficult to Obtain / Exacting Documentation Required What is an ITIN and What is it Used For? An ITIN is a nine-digit tax… Read more…

What is the 3.8% Medicare Surtax? How will it Affect Americans Overseas? Nonresident Aliens? Expatriating Individuals?

By Virginia La Torre Jeker J.D., - Monday, October 8, 2012

Medicare Surtax The Medicare Surtax was the key fundraiser under Obamacare – the new health law. It represents a massive overhaul of America’s health insurance and delivery systems, and includes… Read more…

UAE Banks Getting Ready to Comply With FATCA – Reporting US Account Holders To IRS Set To Begin

By Virginia La Torre Jeker J.D., - Monday, October 1, 2012

UAE Banks Now Advising Customers of FATCA I just received a copy of correspondence sent from the Head of Personal Banking at a major UAE bank to its clients. The letter makes… Read more…

E-Trak: IRS’ Stealth Weapon to Find Hidden Offshore Accounts

By Virginia La Torre Jeker J.D., - Monday, October 1, 2012

US persons with undisclosed offshore assets or accounts need to take action before E-Trak and the IRS find them! The IRS has been using data-mining software called the “E-Trak Offshore… Read more…

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An up-to-date look at US tax laws for American Expats, foreign investors into the US market or other foreign persons having any US connections. More Info

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