Virginia La Torre Jeker, a highly recognized U.S. international tax professional, has been a member of the New York State Bar since 1984 and is admitted to practice before the U.S. Tax Court. Living in Asia and the Middle East for almost 40 years she has a unique exposure to U.S. international tax issues that span a broad spectrum of cultural, economic, and regulatory landscapes. Virginia solves cross-border and multi-jurisdictional tax matters for Americans abroad and foreigners having even the smallest U.S. connection. No matter your nationality, her U.S. tax coverage is your passport to global financial success and wealth preservation. Reach Virginia at vljeker@us-taxes.org
Website and Tax Blog: www.us-tax.org
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Substantial Presence: Too Much U.S. Time Means Global TaxโBut Exceptions Exist
Learn how the Substantial Presence Test works and can make you a U.S. tax resident. Exceptions, from visa carve-outs to the closer connection exception can save the day.
Moving? Address Change? Properly Notify IRS (Especially If Abroad)
Keep IRS informed of a change of address, or risk passport revocation and tax penalties. Americans abroad face special issues when notifying IRS of address changes.
U.S. Tax Rules: IRAs After Giving Up Citizenship Or Green Card
Nonresident aliens face a maze of U.S. tax rules once they leave USA but have IRAs, Roths and SEPs: Income and estate tax, early withdrawal penalties, possible exit tax.
Tax Fraud And Denaturalization Risks: A Balanced View For Taxpayers
Naturalized citizens who committed tax fraud can be stripped of US citizenship. Do not fall prey to unscrupulous advisors seeking to push fees with alarmist tactics.
A Tale Of Two Retirees: New Senior Tax Deduction And Foreignersโ Social Security
New OBBBA deduction is for seniors living stateside or abroad. Nonresident aliens paid into the same Social Security; no deduction; 30% withholding on SS benefits.
Doing Business In America? Donโt Forget Form 5472 Or Risk Penalties
Foreign owners of U.S. businesses risk penalties if they miss filing IRS Form 5472. required for U.S. corp. with foreign owners or foreign co. doing business in America.
Denaturalized Citizens Forced To Exit, Canโt Escape Exit Tax
Can naturalized Americans whose citizenship is revoked be subject to U.S. exit tax expatriation rules? Involuntarily giving up U.S. citizenship, but still taxed.
Think Your Foreign Dividends Are Qualified? Think Again
Investing overseas? Foreign dividends might not be "qualified dividends" getting the 15% or 20% U.S. tax rate. A tax treaty may help a foreign company dividend qualify.
Mortgage Debt: Hidden U.S. Estate Tax Trap For Foreign Investors
Foreigners often do not know leveraged U.S. real estate investments using recourse debt do not shield them from U.S. estate tax exposure.
New Self-Employment Tax Risks For U.S. Investors In Global Funds
A new case warns U.S. limited partners in global funds that self-employment tax can arise if they are too active in the business. This can be avoided with proper tax advice.