This seminar addresses the United States transfer tax system as it applies to nonresident aliens, with a particular focus on taxation of Mexican nationals. Attendees will learn the differences in how U.S. citizens, residents, and nonresident aliens are taxes for purposes of gift tax, estate tax, and generation-skipping transfer tax. This seminar focuses on the legal rules applicable to nonresident aliens, with special attention focused on common scenarios, such as having one spouse be a U.S. citizen or resident, owning real property in Texas, and how to plan for blended families. The seminar will address the special rules surrounding NRA ownership of U.S. brokerage and bank accounts. Planning tips and a detailed explanation of what types of property are subject to the U.S. transfer tax laws will be included. Rules for Qualified Domestic Trusts, transfer of property by gift, and federal estate tax reporting requirements for nonresident aliens will all be addressed.
Learning Objectives:
• To learn the basics of the U.S. transfer tax system applicable to nonresident aliens.
• To achieve an understanding of how Mexican nationals with property in the United States should plan their estates.
• To become familiar with the rules that dictate what types of property are subject to U.S. transfer tax, and to become familiar with IRS Form 706-NA, the nonresident alien federal estate tax return.

The method of presentation is group-live instruction and the program level is intermediate. There are no prerequisites for this course nor is there any advanced preparation required.


Lunch Served