Our 3 December 2020 webinar served as a guide to the fundamental US tax rules surrounding expatriation, treatment of foreign pensions and gifting. Attendees were made aware of the key items to consider when advising clients on these issues.
Many questions were answered, including:
- What is a covered expatriate?
- What are the pros and cons from a tax perspective of expatriating?
- Do I have PFIC reporting obligations for assets within my foreign pension?
- How can I avoid burdensome US tax and reporting obligations?
- Who has to pay gift tax?
- Jeffrey McCann, Detroit
- Linus Ostberg, London
- Joel Uddenas, London