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Let me give you another example and this comes in the Voluntary Disclosure context. This time the client was a Canadian Citizen and a Permanent Resident of the United States. He received a Foreign Inheritance; and when I say a Foreign Inheritance, I mean non-Canadian and non-US. The question really was: Where should he declare […]
The Foreign Exceptionalism Trap: This is a belief that certain business transactions or events that occur completely outside of the United States do not have any US Tax Consequences for US Persons involved in these transactions. This is probably one of the most dangerous traps. One of the most common and one of the most […]
I want to share with you an example from my practice: a case which has to do more with Foreign Trusts rather than anything else but it can be equally applicable to a Corporate situation. My client was a beneficiary of a Foreign Trust (actually several, but that doesn’t really matter because the one we […]
Hello and welcome to Sherayzen Law Office video blog. My name is Eugene Sherayzen and I’m an International Tax Attorney and owner of Sherayzen Law Office, Ltd. With this video we’re beginning a series of blogs from the Czech Republic, Prague. Why the Czech Republic? Why Prague? Because there are a lot of US Tax […]
Hello and welcome to Sherayzen Law Office Video Blog. My name is Eugene Sherayzen; I’m an International Tax Attorney and owner of Sherayzen Law Office, Ltd. We’re continuing a series of blogs from the Czech Republic, Prague. Today, I would like to talk about Form 8938. Form 8938 was born out of FATCA and it […]