Tag Archives: tax planning for non US citizens

The Tax Consequences of Becoming a U.S. Citizen: Estate, Gift and Income Tax

Naturalization and US citizenship application documents

Naturalization does not raise the estate tax exemption of a green card holder who already lives in the United States. It changes the treatment of transfers from a spouse, the reach of the estate and gift tax treaties, the taxation of income after a move abroad, the status of minor children and the cost of leaving the United States tax system again.

Read more

US Persons for Transfer Tax Purposes: Citizenship, Domicile and Situs

The US Capitol dome with an American flag

The federal estate and gift tax does not reach everyone in the same way. Two questions decide the exposure. The first is whether the person making the transfer is a United States person for transfer tax purposes. The second is where the transferred property is situated. The first question turns on citizenship and domicile, and not on residence, which is

Read more