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Aalawpc - Article 1
Aalawpc - Article 1
individuals investing abroad must be aware not only of the complex and often punitive U.S.
tax regimes that may apply to such investments, such as the subpart F, GILTI, and PFIC
regimes but also of the U.S. reporting requirements associated with such investments.
Investing through common estate planning structures, such as trusts, can add an additional
layer of complexity. International tax attorneys New York have extensive experience
advising clients on such investments, and our International Tax group works closely with the
attorneys in the Private Client Group to mitigate tax exposure and avoid compliance
mistakes that can result in costly penalties.
The intricate rules governing foreign tax credits are of fundamental importance for U.S.
taxpayers with cross-border operations and income. International attorneys have extensive
experience and expertise in navigating these ever-changing rules, including not only basic
questions of creditability under U.S. tax law and tax treaties, but also the equally important
provisions relating to the foreign tax credit limitation, the deemed paid credit, the
requirements for substantiation, and the special currency, accounting, and carryover rules
pertaining to the credit.
We offer a unique outside general counsel program for small and large clients who want
outside counsel to handle corporate formalities and legal issues, without incurring the high
overhead associated with in-house counsel. We provide businesses with the ability to have
experienced legal counsel at their disposal on an “as-needed” basis. In our role as outside
general counsel, we work closely with clients to gain an in-depth understanding of their
business activities and objectives. Because of this, we are able to provide focused, client-
centred, and cost-effective advice and counsel to our client’s business-related legal issues