Lance Crossborder

02/17/2019

Attention Part-Time California Residents: Seminar Feb27 California Tax Nonresidence for Part-Time California Residents Wed 2 PM · Hotel Paseo, Palm Desert, California. Must reserve your spot at

40 Years Experience in International Tax | International Estate Planning | International Business | Canadian Cross-border Planning | California Residency Tax Audits | Nonresident Planning

01/31/2019

Buying a vacation property in the U.S.? Spouses who are foreign nationals often want to take title in joint tenancy, for ease of title transfer after the first spouse dies. Unfortunately, that is not a good form of ownership for US estate tax purposes. The first spouse to die is presumed to have contributed the full value of the property, unless the survivor can prove what they contributed. This can result in paying U.S. estate tax twice on the same property, when the survivor passes away.

Let LanceCrossBorder.com show you a better way for foreign national spouses to take title to U.S. property!

01/30/2019

U.S. Gift Tax can be an unforeseen problem for foreign nationals until its too late. A gift of any tangible personal property located in the US or an interest in US real estate can produce a U.S. gift tax at up to a 40% rate. Even gifts to one’s spouse can result in tax. An inadvertent gift can also result by adding a family member to title as a co-owner, unless consideration is paid.

Before taking or changing title to property located in the US, let us help you do it in a way that avoids tax.

https://lancecrossborder.com

01/29/2019

Are you a foreign citizen selling a residence in the US? 🏠 You’ll need an Individual Tax ID number (ITIN) to be able to reduce US withholding tax on the sales proceeds. Let Lance Crossborder Law and Tax help you prepare early to reduce or avoid that tax! Learn more at https://lancecrossborder.com/hot-topics/

01/28/2019

Are you a long-term green card holder? Thinking of giving up your card and moving home? Know the tax ramifications before you do!

If you’ve had a green card for eight out of the preceding 15 years, you may be looking at a steep departure tax (no pun intended)! Let Lance Crossborder Law and Tax help you plan early to reduce or avoid US departure tax before giving up your green card! Learn more at https://lancecrossborder.com/hot-topics/

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01/27/2019

Thinking of selling an interest in a U.S. or foreign partnership or LLC that does business in the U.S.? ... sales of such interests by foreign citizens and residents are now subject to U.S. withholding tax.

Our team can work with you to help to reduce or avoid that tax! Learn more at https://lancecrossborder.com/hot-topics/

01/26/2019

Thinking of applying for an U.S. EB-5 Investor Visa? 🇺🇸 Much is written about the visa process, but little is written about the tax planning opportunities and pitfalls. 📈 We can help you through the process with a focus on the cross-border tax planning issues -- learn more in our latest blog at https://lancecrossborder.com/hot-topics/

We will help you understand the tax planning opportunities, including income tax issues in your country of origin, pre-residence California income tax planning, pre-residence U.S. income tax planning, and pre-residence U.S. Estate and Gift Tax planning. We can also help with a cross-border estate plan.

Let Lance Crossborder Law and Tax take the tax pain out of becoming a U.S. green card holder.

01/25/2019

Do you need an ITIN? We are here to help you with that. 🇨🇦 🇫🇷

There are several reasons why a non-US citizen might need an Individual Taxpayer Identification Number to facilitate processing of communications with the IRS:
• Avoid withholding tax when selling or renting a home you own in the U.S.;
• Claim a reduced rate of withholding tax under a tax treaty with the U.S.;
• Filing a nonresident tax return to claim back excess taxes withheld from your U.S.-source income;
• Claiming a tax benefit for a spouse or dependent who is not a U.S. citizen;
• Filing a “closer connection” statement to avoid U.S. tax residence under the “substantial presence” test;
• And so on.

Let our team help you get the ITIN you need to reduce or avoid U.S. income tax! -bordertax

01/24/2019

Thinking of moving out of California? Hoping to become a California Tax Nonresident? Read our website blog first!

Whether you are a U.S. or foreign citizen, if you have lived in California as a tax resident for any period of time, unshackling yourself from the California tax authorities when you want to leave can be a very tricky affair. The California tax authorities do not relinquish jurisdiction to tax you lightly and are known to try to hold on as long as possible, including through litigation, if necessary. Moreover, since a determination of the local tax authorities that you remain a California resident is presumptively correct, a departing former resident bears the burden of proving that the tax authorities’ determination is incorrect.

Let Lance Crossborder Law and Tax guide your exit planning. Check out our blog @ https://bit.ly/2HkV7QY.

01/23/2019

Attention Out of State Residents, Canadians and other Foreign Nationals!
Do you spend several months each year in California enjoying your second home in the Coachella Valley?

Would you like to learn how to remain a California tax nonresident?
The California tax authorities have an aggressive digital program for identifying “snowbirds” who live part-time in California without paying tax.
And California tax residence can cost you more than 13 percent of your worldwide income! Don’t let this happen to you!

Hi, I’m attorney Brent Lance and I want to show you how to avoid California tax residence so that your worldwide income is protected! Join me for an informative seminar at the beautiful new Hotel Paseo in Palm Desert with other out of state and foreign residents. Attendance is limited so reserve your seat today at lancecrossborder.com.

This seminar is the first in a series on “cross-border lifestyle planning.” For more information on this seminar series visit lancecrossborder.com today!

01/20/2019

The New U.S. “Repatriation” Tax is Hitting Dual Citizen Canadian Business Owners Hard!
The 2017 U.S. tax reform act significantly changed the U.S. tax rules applying to foreign companies controlled by U.S. shareholders, including Dual Citizens. In its wake, it is leaving dual citizen Canadian business owners with unexpected U.S. and Canadian tax bills!

Included in that Act was a one-time, retroactive tax applying to all post-1986, previously undistributed and untaxed earnings and profits of U.S.-controlled foreign corporations. Alternatively referred to as the “transition” tax or the “repatriation” tax, the new provision treats the U.S. shareholders of certain foreign corporations as having received a distribution of their pro rata share of the corporation’s previously untaxed, post-1986 earnings and profits, whether they are actually distributed or not.

If you are a dual citizen or U.S. citizen or resident owning a Canadian corporation, contact us for help as soon as possible! LanceCrossborder.com

01/19/2019

Attention Canadians, other Foreign Nationals and Out-of-State U.S. Residents!

Do you have a home and/or other investments here in the Coachella Valley?

Would you like to learn how to plan your cross-border lifestyle and investments here to avoid or minimize U.S. and California tax?
The U.S. tax rules affecting cross-border lifestyles and investments are complicated. Careful attention to detail is required to coordinate them with your home country tax rules.

It’s not just U.S. income tax. You want to plan to avoid the U.S. estate tax, gift tax, generation-skipping transfer tax and California income tax to keep your money in your own pocket. And a tax treaty only goes so far to help with these taxes!

Hi, I’m attorney Brent Lance and I want to show you how to avoid US taxes so that your worldwide income and assets are protected!
Join me for an informative seminar on this subject on at the beautiful new Hotel Paseo in Palm Desert on Tuesday, February 12 at 2:00 p.m. Attendance is limited so reserve your seat(s) today at lancecrossborder.com.

This seminar is part of a series on “cross-border lifestyle planning.” For more information on this seminar series visit LanceCrossborder.com or make an appointment with me today!