U.S. Taxation of Foreign Nationals Working in the U.S. including Planning Opportunities
This program will cover U.S. Taxation of Foreign Nationals Working in the U.S. The taxation of foreign nationals working in the U.S. can be complexed, including immigration status, and it will need to be determined whether the foreign worker will become a U.S. tax resident. While large corporations provide their executives working in the U.S. with nice incentives including tax support from the large accounting firms, given the detailed reporting required for certain types of foreign assets and income and the lack of attention provided to these executive’s tax filings from the large accounting firms, it is not uncommon for the tax returns to contain significant errors which can result in significant penalties.
Prior to entering the U.S., it is important for the foreign national to plan for how their foreign assets will be taxed and reported in the U.S. including opportunities to plan to avoid negative tax implications. For the wealthy executive or foreign worker, it will also be important to review opportunities to do pre-immigration planning with certain assets such as start-up stock or other highly appreciated assets.
This program will cover how U.S. tax residents and nonresident aliens are taxed in the U.S., opportunities to minimize tax, sourcing of income, foreign tax credits, tax implications of owning certain foreign assets including reporting requirements, special tax treatment for certain types of visas, and certain case studies to highlight planning opportunities and mistakes seen in the past.
Christopher M. Klug
Chris serves clients with domestic and international taxation, tax controversy, corporate/business planning, mergers and acquisitions, cross-border transactions, and domestic and international estate planning. Chris has extensive experience working with companies with domestic and international income tax planning. This work includes inbound and outbound mergers and acquisitions and other transactional tax matters. As a former tax professor, Chris has a strong background in sub-chapter C and S corporate taxation and partnership taxation and uses this knowledge to develop tax strategies for clients. Chris represents companies, private equity funds, hedge funds, joint ventures, real estate funds, and family offices
Question About This Webinar?
Please contact Kathy Rose with your question.