Last year alone there were more than a million green cards acquired by foreign nationals. U.S. professionals have relocated overseas for different job opportunities, and unhappy U.S. taxpayers have renounced their U.S. citizenship at an exceptional rate, which estimates to about nine million U.S. expatriates living in a foreign country. abroad. In many cases these mobile clients are oblivious to the fact that they have dual status which leaves them subject to certain U.S. tax obligations. This white paper reviews how to determine dual residency status and discusses income tax residency issues.
Partner and chairman of the Taxation and Estate Planning Group of Connell Foley LLP (Resident in the Roseland, NJ office)
Practice is dedicated to sophisticated tax planning for individuals, businesses, estates and trusts, with a particular emphasis on national and multinational estate planning, as well as as-set protection planning
Lectures extensively and frequently publishes in legal and business journals on a variety of tax and estate planning issues, including those related to federal estate, gift and income tax issues, wealth preservation, trusts, and a multitude of other planning techniques
Admitted to practice in six states, the District of Columbia and United States Tax Court
Recognized for the past 10 years in “Best Lawyers in America” in the areas of trust and estates, trust and estates – litigation, and tax litigation and controversy
LL.M. degree in taxation; J.D. degree, New York University