or U.S. Persons with investments and income outside the U.S., the U.S. taxation can be unfavorable and there are enhanced informational reporting obligations. For example, a non-U.S. pension that is taxed deferred in the country where the U.S. Person is a resident may or may not be taxed currently in the U.S. and the U.S. tax treatment will be based on U.S. pension rules. Also, the non-U.S. pension plan will likely be considered a foreign trust which could require additional informational reporting. […]
Tag: Taxation of Foreign Assets
Learn about the taxation of foreign assets and ensure compliance with international tax laws. The team at Praestans provides reliable guidance on reporting foreign investments and minimizing tax liabilities while protecting your global assets.
