New U.S. tax law for owners of non-U.S. corporations – action to consider by year-end!

By Kyle Lodder, CPA President Trump has signed significant U.S. tax legislation into law today, namely the “Tax Cuts and Jobs Act”. There are many favorable tax provisions that will benefit many taxpayers, for individuals and businesses. But there are also some quite unfavorable international tax provisions which may adversely impact business owners of non-U.S. corporations. One specific new provision relates to U.S. persons who own an interest in a non-U.S. corporation. Under prior…

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U.S. tax residency: Tax traps for the unwary

By Kyle Lodder, CPA The United States continues to be an attractive destination for non-residents to invest their time or money, especially in real estate or business expansion. However, spending significant time in the U.S. could be a tax trap for the unwary.  It’s advisable for the nonresident to receive U.S. tax advice if spending considerable time in the U.S. and prior to obtaining a U.S. green card and/or U.S.…

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Foreign business expansion into the U.S.

by Kyle Lodder The United States continues to be a large and stable economy and an attractive destination for non-U.S. companies to expand and grow their business. Even though it’s an attractive market for businesses to penetrate, foreign business owners often experience difficulty navigating the complex tax, legal and regulatory rules. Therefore, it’s critical that one engages a qualified team of advisors as one enters the U.S. market. Proper planning…

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U.S. Estate Planning for Non-U.S. Persons

by Kyle Lodder Estate planning is often a forgotten element when non-U.S. persons plan their investment into U.S. real estate or business expansion into the U.S. As a result, many non-U.S. persons are unknowingly exposed to U.S. estate tax or other related land mines in connection with their U.S. investments due to incomplete planning focused on the corporate and/or personal income tax consequences. However, estate planning is an important piece…

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Foreign Investment in U.S. Real Estate

by Kyle Lodder The purchase of U.S. real estate has been a long-time attraction for non-U.S. investors, often due to purchasing beautiful property at stable market prices. Careful planning should be done before acquiring U.S. real estate in order to avoid unexpected tax consequences down the road.  Among the items that should be considered are: The expected use of the property (primary residence, vacation home, rental property, investment property, development…

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