Legally Moving Your Assets Offshore Still Comes with Risk 2026 - Golding & Golding, Board-Certified скачать в хорошем качестве

Legally Moving Your Assets Offshore Still Comes with Risk 2026 - Golding & Golding, Board-Certified

Legally Moving Your Assets Offshore Still Comes with Risk 2026 - Golding & Golding, Board-Certified Especially for taxpayers who may be new to the United States tax system, it can come as a shock and a surprise to learn that not only does the United States tax individuals on their worldwide income, but they require taxpayers to report their global assets, accounts, and investments each year depending on the value of the money and the category of assets. When faced with the IRS transparency ramifications of being a U.S. person, some taxpayers’ knee-jerk reaction may be to simply move their money offshore to try to avoid the long arm of the U.S. government. Unfortunately, moving money offshore does not necessarily accomplish the intended goal of the taxpayer and can only make matters worse in other cases when the taxpayer realizes all the different international information reporting requirements they now have. Making matters worse, there are those attorneys who falsely claim to be specialists or 'Board-Certified Tax Law Specialists,' but are not actually board-certified and do specialize in this area of tax. Oftentimes, these tax lawyers put taxpayers into a worse position than they would have been in had they understood the pros and cons of moving money offshore. Before any U.S. person decides to move their money offshore, they must understand whether moving the money to a foreign country will achieve the intended benefit they're seeking or will just make it more complicated for them in terms of accessing the money and making their tax returns more complex.