2018 Year-end tax planning

By Kyle Lodder, CPA As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Year-end planning for 2018 takes place against the backdrop of a new tax law—the Tax Cuts and Jobs Act—that make major changes in the tax rules for individuals and businesses. For individuals, there are new,…

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Next major international tax provision coming into effect soon (Hint: “GILTI”)

By Kyle Lodder, CPA In December 2017, Congress passed into law sweeping tax reform with the Tax Cuts and Jobs Act. There are a few provisions that impact international taxation quite significantly. One major change went into effect immediately during the 2017 tax year – the Section 965 repatriation tax. We’ve previously written on this topic. You can read more about this law here. It’s a one-time transition tax that…

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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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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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