International Tax

Vacovec Mayotte and Singer, LLP advises individuals, businesses, estates and trusts on the United States tax implications of cross border transactions. These transactions include investment by United States individuals or entities in ventures in non-U.S. jurisdictions, as well as investing in or establishing business operations in the U.S. by foreign individuals or businesses.

As a part of our international tax practice we have established a global network of expert tax lawyers, accountants and financial service providers with whom we have worked for many years. This network allows us to provide comprehensive tax planning and compliance assistance for our international clients in nearly every country in the world. The benefits our clients realize is considerable as we are able to keep up with changing tax laws and the latest planning opportunities worldwide.

Frequently Asked Questions about Foreign Corporations

Offshore Planning | Taxation of Foreign Nationals | Taxation of Foreign Investors
International Estate Planning and Administration

Offshore Planning

There are many reasons why our clients may want to move their assets, investments or businesses to an offshore jurisdiction. However, moving assets, investments or businesses outside of the United States, creates significant tax and compliance rules that become pertinent to a United States taxpayer. This firm is able to assist our clients in structuring offshore accounts, trusts and business structures. We provide our clients with the tax planning for the offshore structure, aid with implementing the structure, and provide assistance with the IRS compliance obligations that are required as a result of the offshore structure.

We also provide advice to our clients who have existing offshore structures, but who may not be current with all compliance and filing obligations. These include circumstances where the clients may have been unaware of their compliance obligations or unaware of the nature of the structure that existed.

Taxation of Foreign Nationals

The United States has complex income tax rules for those individuals moving to the United States, whether for short term or long term purposes. We advise clients on all aspects of taxation related to their relocation to the United States, including the implications of becoming a U.S. tax resident, of owning an interest in a closely held foreign corporation or foreign partnership, receiving a distribution from a foreign trust or estate, and receiving gifts from abroad. In addition, we work with immigration counsel and employers to provide advice related to United States visas and United States residency status. We also provide advice to our clients regarding the tax implications of obtaining or relinquishing a green card.

Taxation of Foreign Investors

The United States tax law provides approaches that allow foreign investors to invest in business opportunities within the United States with favorable income tax treatment. However, many of these opportunities include complex compliance obligations. We are able to advise our clients on the most tax-effective method of investing in the United States and to structure the transactions and establish the entities necessary to take advantage of the favorable tax laws. In addition, we also assist our clients in the preparation of their tax returns and in meeting their other withholding and compliance obligations.

International Estate Planning and Administration

United States citizens and domiciliaries with assets outside of the United States and foreign individuals with assets within the United States need to be attentive to the estate tax issues associated with the ownership of such assets. In addition, special estate planning is required for United States citizens with non-U.S. citizen spouses. We have extensive experience in advising our clients regarding international estate planning opportunities that are available to them, including structuring their estate, trusts and gifting opportunities in order to reduce the client’s worldwide estate taxes.

The administration of estates with cross-border assets can provide challenges related to the disposition or transfer of those assets. With goals of both tax-effectiveness and efficiency, we provide our clients with assistance in administering United States estates with assets outside the U.S. or administering foreign estates with assets within the U.S.