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Archive for 'Foreign Gifts or Bequests Foreign Trusts and Estates' Category

IRS Foreign-Related Inflation Adjustments for 2017

By Virginia La Torre Jeker J.D., - Thursday, November 10, 2016

On October 25th, the IRS issued Revenue Procedure 2016-55 containing the annual inflation adjustments for 2017 for more than 50 tax law provisions. It also issued the 2017 tax rate… Read more…

Estate and Gift Taxes Set to Increase?

By Virginia La Torre Jeker J.D., - Wednesday, May 18, 2016

Today’s post has been written by our guest blogger, Joshua Middleton. Zimbabwean born, with a lengthy background as an expatriate in the Middle East, Josh brings an ‘outsider’s perspective’ to this… Read more…

PFIC Rules Can Apply to a Gift?!?

By Virginia La Torre Jeker J.D., - Saturday, April 9, 2016

Part I of this blog post explained that when a US person receives a gift from a foreign corporation or foreign partnership, bad things happen.  Instead of the usual tax… Read more…

OOOOPS! Dad Gave Me A Gift from His Foreign Corporation (or Partnership)

By Virginia La Torre Jeker J.D., - Saturday, April 2, 2016

In my practice in the Middle East I’ve found it very common that families create offshore structures (i.e., outside the USA) in various countries to hold a large portion of… Read more…

UPDATED – Inheriting US Assets from a Foreign Decedent – New Law, New Form, New Headache

By Virginia La Torre Jeker J.D., - Saturday, January 30, 2016

What is Tax “Basis” in Property? Why is it Important? The US tax laws addressing the so-called “basis” of property acquired from a decedent were revised in July 2015.  These… Read more…

Part III: Gifts from Former Americans – IRS Overreach Called to Task by Canadian Lawyers!

By Virginia La Torre Jeker J.D., - Saturday, December 19, 2015

Parts I and II of this blog post detailed the rules for reporting gifts and bequests received from foreign donors, foreign estates and foreign trusts.  Readers were warned in advance to have Imigran at the… Read more…

Part II: US Recipients of Gifts from Foreign Trusts – Tension Headache Turning Migraine

By Virginia La Torre Jeker J.D., - Saturday, December 12, 2015

Part I of this blog post detailed the rules for reporting gifts and bequests from foreign donors and foreign estates.  Readers were warned they might experience a tension headache. This… Read more…

Part I: US Recipients of Gifts from Foreigners – Tension Headache

By Virginia La Torre Jeker J.D., - Saturday, November 28, 2015

If you are a US citizen or resident and you receive gifts or inheritances of money or other property from a foreign (non-US) person or entity, you may need to… Read more…

Gifts from Former Americans – Beware the Trojan Horse

By Virginia La Torre Jeker J.D., - Saturday, November 21, 2015

The Internal Revenue Service (IRS) recently issued Proposed Treasury Regulations (“Regulations”)  that will raise the fear of Armageddon in the hearts of Americans receiving gifts or inheritances from former US… Read more…

Breathing American Air – Hazardous to Your Wealth

By Virginia La Torre Jeker J.D., - Sunday, November 15, 2015

Foreigner asks: “Can I breathe American air without being subject to US tax?” Right now, the answer to that question is a big, fat MAYBE.  For starters, it depends how long… 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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