international tax attorney lawyer reddit how to find one

Why do you need an international taxation attorney?

Tax law is a great career choice. International tax law is an ever better career choice. I don't see a robot being able to do what I do for at least 100 years from now, if ever. Source: I am a 7th year international tax attorney. Caveat: tax law is VERY DIFFICULT …

Who are we at we tax attorneys?

Tax Attorney for federal government. 40. 60-80 when I have briefs due or a big trial (maybe 3-4 times a year). But I'm in litigation. I'd say 100% of non litigation tax attorneys in federal service don't ever work more than 40 a week. Tax litigation attorneys at the DOJ are their own beast and DOJ attorneys as a whole seem to work more hours.

What is it like to work as a tax lawyer?

As a rule, public international law pays crap. You're either working for an NGO or other non-profit, or you're working for a governmental organization of some sort. You can make an okay living at the latter, but no one's getting rich. Not legitimately …

Why hire the tax law offices of David Klasing?

That said, consider that if you want to practice tax law as an attorney you're likely in for at least 4 years of school since an LLM is almost always required for a decent law firm position practicing tax. Those don't usually come with scholarship (unless you can get into a school offering a dual-degree program).

How to avoid double taxation?

Whether you are part of an international, multinational, or a U.S. business, one of your top priorities is to avoid double-taxation and other forms of excessive taxation. Consider, for instance, a hypothetical foreign entity seeking to perform business in the United States. At a minimum, considerations regarding the form the entity should take should include: 1 Tax treatment of the entity. Depending on the entity type, different tax treatment will apply. Selecting among an LLC, C Corporation, S Corporation, or tax treatment as a disregarded entity will produce significantly different tax results. In addition, choice of a business entity includes liability considerations. 2 Liability considerations. Entity selection also concerns issues of liability should the business run into problems and accrue debts and other obligations. 3 Formation and administration of the entity. The goals of the entity should be considered thoroughly to ensure that the costs and procedure involved in forming, administering, and managing the entity are justified. 4 Capital considerations. Depending on the business’s need for outside investment and other factors, parties should consider how the form of organization may make it easier or more complex to raise capital and the compensation contributing individuals and entities should receive. 5 Exit strategy – Whether there is a chance that the business will exit the market or that shareholders and partners may move on to other ventures, considering the financial and tax impact of these events is necessary.

What is the IRS doing about offshore tax evasion?

In recent years, the IRS and Department of Justice have focused on enforcing the long-standing obligation to disclose foreign accounts and assets as part of a Report of Foreign Bank and Financial Accounts (FBAR). Furthermore, the IRS and DOJ have worked to implement international governmental agreements (IGAs ) as part of FATCA with more than 100 nations that will allow for the sharing of financial account information. Furthermore, additional enforcement efforts like the Swiss Bank program has provided U.S. regulators with significant foreign account data to identify and pursue U.S. citizens, tax residents, and other covered individuals.

Is Mexico a southern neighbor?

Mexico – As the United States’ southern neighbor, many Americans have significant financial and business ties to Mexico. Americans living in Mexico or engaged in cross-border banking or business activities should regularly consult with an experienced tax professional.

What is a foreign corporation required to file?

corporation or a foreign corporation doing business in the United States. For example, a foreign-owned domestic corporation is obligated to file Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business. In addition, corporations of this type are required to keep sufficient records regarding related parties.

What is international taxation?

For individuals, one common type of international taxation involves personal income tax for both citizens and foreigners who earn money inside the country.

Where do American expats live?

Philippines – American expats may settle in Manilla or elsewhere in this welcoming nation . The location of the Philippines can provide an expat with access to an array of markets in Asia. Saudi Arabia – Many Americans and Westerners live and work in the Saudi Arabia in enclaves in cities like Riyadh, Jeddah.

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