International Services

Relinquishing one's US citizenship can mitigate an individual's estate and gift tax obligations, but a "Covered Expatriate"* should plan carefully when disposing of assets. Internal Revenue Code Section 2801 imposes a tax on US citizens or residents who receive certain gifts or bequests from Covered Expatriates (CEs). Even if the property is non-US-situs property, all of it is subject to the 2801 taxing regime.

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As long as greed exists, so corruption. To combat corruption, the US enacted the Foreign Corrupt Practices Act (FCPA). Its provisions prohibit offering, authorising, or making payments of money or anything of value to influence the decision making of foreign government officials to obtain or retain business.

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Partner Andrea Fantozzi, a Director at the Italian Group in the International Department of Prager Metis CPAs, was published in America 24. Click here to read the full article titled: Il Fisco Americano terminera’ il programma di Voluntary Disclosure.

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Andrea Fantozzi , a Partner and Director at the Italian Desk in the International Department of Prager Metis CPAs, is presenting at the Export U. S. A seminar May 31st, 2018.

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Andrea Fantozzi and SLT – Strategy Legal Tax present “ Gli Stati Uniti e le opportunita’ di un mercato in crescita. Consigli Utili e Soluzioni Pratiche” July 10,2018

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Read the latest article by Partners Fernando R. Lopez and Raymond J. Zomerfeld, published in Worth Magazine.

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For years, limited liability companies (LLCs) in America with a single foreign owner were not subject to U. S. tax reporting requirements. However, final regulations recently issued by the Internal Revenue Service (IRS) and the Treasury Department have effectively closed that loophole, significantly raising the tax filing complexity and record-keeping burden on these entities.

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