By CynthiaIntroductionIt is common for nonresident aliens (NRAs) to invest in real estate in the United States. However, when they wish to gift this property to their children who reside in the U.S.,

By CynthiaWhen nonresident aliens (NRAs) and foreign entities invest in U.S. entities, the tax consequences upon liquidating their interests can vary significantly based on whether the investment is in a partnership, corporation, or

By Cynthia WuPre-immigration tax planning is crucial for Chinese expatriates moving to the United States to minimize their federal and state tax liabilities. This article explores the intricacies of pre-immigration tax planning, focusing

By Cynthia WuThe income tax treatment for an NRA (Non-Resident Alien) grantor of a US LLC holding non-US assets depends on the nature of the income and the relationship between the assets and

By Cynthia WuSetting up a trust can be an excellent strategy for Non-Resident Aliens (NRAs) to manage and protect their assets, considering future uncertainties for beneficiaries, such as divorce, bankruptcy, substance abuse issues, or

Understanding the tax consequences for trusts, particularly distinguishing between US (domestic) and foreign trusts, is essential for effective tax and estate planning. The US taxation of a trust’s income, gains, and distributions hinges

By Cynthia WuOften, I have nonresident alien clients who come to me for estate planning. In most situations, U.S. real property is involved. Some NRA clients want estate planning to avoid probate, while others

By Cynthia WuAs a tax attorney, a friend of mine has reached out for advice on a real estate transaction. Here's what they asked: You own real estate and want to avoid taxes on

By Cynthia WuKnowing I am a tax attorney, a friend of mine has written to me seeking guidance on a real estate transaction. Here is the message:"You have a real estate holding that

Editor: Cynthia WuFBAR is an acronym for the Report of Foreign Bank and Financial Accounts. Under the Bank Secrecy Act, U.S. persons are required to file FinCEN Form 114 (FBAR) if they have