
Do International Concerns Factor Into Your Estate Plan?
Column distributed by Hearst Connecticut Media Group.
Links to resources referenced:
- IRS: Overview of the MAP process
- https://www.irs.gov/businesses/overview-of-the-map-process#1
- Related column excerpt:
- “Next, you’ll need to assess estate taxes in each country; anticipate possible currency exchange and financial transfers; and coordinate with tax advisers to avoid double taxation -- defined by the IRS as taxation of the same income twice.”
- Related column excerpt:
- https://www.irs.gov/businesses/overview-of-the-map-process#1
- IRS: Foreign Tax Credit – Special Issues
- https://www.irs.gov/individuals/international-taxpayers/foreign-tax-credit-special-issues
- Related column excerpt:
- “Tax treaties come into play. ‘The United States is a party to tax treaties designed to prevent double taxation of the same income by the United States and the treaty country,’ quoting the IRS webpage ‘Foreign Tax Credit -- Special issues.’ Also see the IRS webpage on tax treaties.”
- Related column excerpt:
- https://www.irs.gov/individuals/international-taxpayers/foreign-tax-credit-special-issues
- IRS: Tax treaties
- https://www.irs.gov/individuals/international-taxpayers/tax-treaties
- Related column excerpt:
- “Tax treaties come into play. ‘The United States is a party to tax treaties designed to prevent double taxation of the same income by the United States and the treaty country,’ quoting the IRS webpage ‘Foreign Tax Credit -- Special issues.’ Also see the IRS webpage on tax treaties.”
- Related column excerpt:
- https://www.irs.gov/individuals/international-taxpayers/tax-treaties
- Withers website
- https://www.withersworldwide.com/en-gb/insight?tab=Featured
- Related column excerpt:
- “To familiarize yourself on the topic, check out the Withers website, as well as resources provided by the International Bar Association, a not-for-profit corporation that offers estate planning guides for more than 40 countries.”
- Related column excerpt:
- https://www.withersworldwide.com/en-gb/insight?tab=Featured
- International Bar Association: International Estate Planning Guides
- https://www.ibanet.org/internationalestateplanningguides
- Related column excerpt:
- “To familiarize yourself on the topic, check out the Withers website, as well as resources provided by the International Bar Association, a not-for-profit corporation that offers estate planning guides for more than 40 countries.”
- Related column excerpt:
- https://www.ibanet.org/internationalestateplanningguides