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Income, payroll, gift, estate and exit taxes for the non-US citizen visiting the U.S. for a day, temporarily or indefinitely are very complicated. This easy to read and understand book identifies the tax traps that await the non-U.S. citizen. These traps can be avoided if you know where they are. It is important to learn about them before you come to the US so you can rearrange your assets to minimize global taxes. Penalties are discussed so you know what can happen to you even if you don't have a requirement to file a U.S. return you could have a requirement to file a disclosure document. Penalties for not disclosing your international entanglements start in the $10,000 per failure range and go up from there - including jail time! if you don't comply. The US rules are substantially different than any other rules in any other country. And - you can read about these things in the privacy of your home without sharing your personal situation with anyone until you are ready to do that. Since you can't vote in the U.S. no lawmaker is going to give you any tax breaks. Students in the U.S. need this information because it is so easy for them to accept a job in the U.S. and become a tax resident before they know it. Everyone outside the U.S. thinks that since they pay taxes at home they are not liable for U.S. taxes - WRONG! Or they think a tax treaty protects them from U.S. taxes - WRONG! They need to file a US return "on time" (not when they get caught) to claim a treaty benefit. When you come to the U.S. on business you could also be causing your employer at home to be caught up in U.S. taxes. The author of this book has explained these rules to non-U.S. citizens for over 30 years as a U.S. tax adviser Certified Public Accountant. He has a Masters in Taxation and has specialized in this field. He made a point of making lots of examples for all the topics so you can relate to what you are doing and what it might mean to your employer.
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Thomas J. Spott graduated from Florida Int Univ (Miami, FL) in 1974 with a Bach in Bus Admin (Accnting). He was recognized by the University as the most outstanding student in Accounting in 1974. He then started his career in accounting and international taxation at PW & Co in Miami. In 1977 he transferred to the Int'l Tax Dept of PW & Co in San Francisco which had an outstanding reputation in international taxation. Where he was promoted to Int'l Tax Manager in San Francisco. In 1979 he started the beginnings of what was to become a local CPA firm that focuses almost exclusively with cross border transactions. The firm is well recognized across the United States and in many countries for its work in cross border situations. It has a client base of over 300 US companies owned by foreign interests and over 300 individual clients with visas from A to Z (consular officers, researchers, inter–company transferees, treaty investors, etc.). In 1980 he graduated from the Golden Gate University MBA program with an emphasis in Taxation. He has published several articles on cross border topics including the taxation of H, L, J etc. visa holders, the special tax rules for a non-citizen that works in the US, then leaves and comes back too soon, and various withholding articles related to the rules that apply to a non-U.S. citizen consultant visiting the US. His most recent article appears in the International HR Journal Fall 2009 on the income taxation of J-1 visa holders and the fall of 2013 regarding the impact of the recent US Supreme Court case regarding the Defense of Marriage Act and non US citizens. He was the chair of the International Tax Committee for the California Society of CPA´s in San Francisco for several years. He is also a member of a few technical committees of the American Institute of CPA’s (form 1040NR task force, foreign bank accounts, etc.). He lectures for the California Society of CPA's on preparation of form 1040 NR (which is webcast worldwide) and has lectured to UC Berkeley and SF State foreign students and scholars on their tax issues. He is volunteer for the IRS VITA FS (Volunteer Income Tax Assistance Foreign Students and Scholars) program. He also lectures various groups on the taxation of foreign investment in US Real Property (FIRPTA). Tom can be reached at Tom.Spott@Gmail.com if you have questions about any of the material or comments in this publication. He would be pleased to hear from you.
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