Can I incorporate it as a foreign national ? What are the tax implications for the same.

Yes, you can create a corporate entity. However, you are not allowed to create an S. corporation, due to S. corporation status being only...

Is there any advantage to using separate Trusts for each asset such as a house Trust and a car Trust?

A living trust does not help to avoid liability, just helps avoid probate. Remember, any asset you place in a living trust, you are still...

Discretionary trust distribution

I agree with the other attorneys. Generally, trusts state how the trust should be split among the beneficiaries. If not, the assets are usually...

While I agree with the other attorneys on getting her information on living trusts already published in Chinese, the biggest glaring issue I see is...

Do I need an attorney to look at this letter before I or my grown children approve anything?

Yes, you should definitely hire an attorney to review before you agree to any modification to the trust. By the sound of it, it seems like they...

Can we still be exempt from capital gain taxes if we buy an offshore property?

No. A 1031 like kind exchange rules, while relatively liberal, have limitations. You can 1031 exchange US property for US property, and foreign...

What is the process of paying Tax, as far International students during OPT period and US Tax Laws are concerned.

Typically, a student or graduate in F-1 status that has been in the US for less than 5 years will be considered a Non-Resident Alien (NRA) for tax...

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As a foreign sole proprietor of U.S. LLC, will I be taxed by home country (S Afr) if my LLC bank/income will all remain in USA?

The U.S. and many countries maintain tax treaties that may reduce or eliminate income taxes. Please see IRS Pub. 901 for more information. ...

My daughter recently married and would like to change the executor of the irrevocable trust to her husband.

Presumably you mean Trustee rather than executor. Generally, removing and appointing a new Trustee depends on what the trust states. You just...

What's the best way to structure a deal to get the Prop 13 tax rate while gaining title, getting a loan and paying my parent?

There are several ways to do this transaction while maintaining the original property tax assessment. Is the property a primary residence of one...