For the unfamiliar, the United States tax code can be both surprisingly aggressive and intricate. U.S. citizens or residents subject to taxation on their international income and assets, especially those more familiar with the territoriality principle or “source country” taxation, can be surprised by the tax implications of residing in the U.S. Those from countries where transfer taxes are nominal (or even nonexistent) are often in for a big shock.
For individuals looking to become residents of the United States, there are pre-immigration tax planning strategies that minimize the impact of the U.S. tax code, and the transactional costs to implement these strategies pale in comparison to the significant, adverse U.S. tax consequences of failing to act. Duane Morris attorneys have extensive experience representing resident and non-resident clients on matters related to income tax and compensation planning; estate, gift and other transfer tax and trust planning; wealth preservation; and other tax planning strategies.
For More Information
For more information, please contact William D. Rohrer or any of the practice members referenced in the Attorney Listing.