Pre-Immigration Tax Planning

pre-immigration tax planningPlanning a move to the United States is exciting and full of opportunities but the tax implications of such a move should be considered carefully. Since the U.S. imposes taxes on citizens and residents for their entire worldwide income, regardless of the source of that income, pre-immigration tax planning is essential. Individuals and families planning a move to the U.S. should understand all of their assets, income and estates must be declared to the IRS and will potentially be liable to U.S. taxation. Once a foreigner becomes a permanent resident of the U.S., and therefore a U.S. taxpayer, any income that person generates anywhere in the world is subject to U.S. tax.

Delerme CPA can help you implement sophisticated tax planning strategies to avoid paying more than your fair share of U.S. taxes. We offer pre-departure tax planning designed to protect and secure your assets but this should be addressed early in the immigration process. There are no rules to stop an individual from restructuring assets to avoid taxes prior to immigration. To that end, our pre-immigration tax planning service focuses on the following:

Pre-departure tax planning services:

  • Selling or restructuring assets prior to immigration
  • Establishing trusts to avoid taxation of assets
  • Structuring ownership of certain assets to avoid U.S. tax after immigration occurs
  • Estate planning to minimize U.S. estate and gift taxes  
  • Analyzing your current situation (i.e. foreign bank accounts, foreign corporations, foreign partnerships, foreign gifts and bequests, foreign trusts, etc.)

Don't wait, call us today at 404-445-8095 to learn how we can examine all the options together and make sure your assets will be protected now and in the future. We offer a free initial consultation.