When non-U.S. citizens live, work or own property in the U.S., the tax implications are not always cut and dry. Whether in the United States indefinitely or for a long-term assignment, non-U.S. citizens are considered domiciled if they do not have the intention of leaving the country and are therefore subject to estate and gift taxes. In the event of a death, however, estates may face complex U.S. estate and gift tax consequences if they do not plan carefully. Additionally, lifetime transfers from non-U.S. citizens may also be subject to U.S. gift taxes. The estate and gift tax implications are imminent when living in the United States for an extended period of time, so it’s important to understand them now to ensure your loved ones are not left having to work through the complicated tax laws.
Our international practice, Moore Doeren Mayhew, continues the discussion of U.S. estate and gift tax exposure, going into detail on whether an individual is considered domicile, how taxes apply to non-domiciled aliens, as well as the regulations when U.S. citizens receive gifts from non-resident aliens. For more information on this complex area of tax, read their full article here.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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