Immigration and Taxes: Pre-Immigration Tax Planning and Expatriation Part 1 of 2 (On-Demand)

Course Description

There are numerous tax considerations tied to immigration and residency status. When an individual becomes a U.S. citizen – or forfeits that status – there are income tax as well as estate and gift tax implications. This program reviews the tax and immigration considerations relevant when individuals enter or leave the United States, including a review of pre-immigration concerns for E-2 and other investors commencing American taxpayer status, expatriation tax considerations for individuals renouncing American tax status, and prospective immigration-side options for individuals choosing to reject U.S. taxpayer status. This program will benefit tax attorneys with immigrant clients and immigration attorneys seeking to understand their client’s tax issues.

Syllabus

1. Immigration- Basics and Initial Tax Considerations
2. Income Tax Comparison- United States Taxpayers Versus Nonresidents
3. Estate/Gift Tax Comparison- United States Taxpayers Versus Nondomiciliaries
4. Pre-Immigration Planning Techniques
5. Expatriation and the Exit Tax

Instructor

Patrick McCormick, Esq.