Best Certified Public Accountants in Smyrna, GA

Tax consequences for nonresidents investing in U.S. Nonresidents who invest in the U.S. need to be aware of the tax consequences, especially when it comes to the U.S. estate tax. The U.S. is a popular investment destination for foreign investors, with foreign investment increasing to $6.58tn by the end of 2022. However, investing in the U.S. can have devastating tax implications if not properly planned. The U.S. estate tax applies differently to US citizens and non-citizens, depending on their domicile status. U.S. citizens and domiciled non-citizens are liable for estate tax on their worldwide assets, but they receive a generous estate tax exclusion of $13.61m. On the other hand, non-domiciled non-citizens are only liable for estate tax on their U.S. situs assets, with a mere $60,000 exclusion. Non-domiciled non-citizens who own U.S. stocks are particularly affected, as most portfolios contain U.S. stocks. Proper tax planning is crucial to avoid the U.S. estate tax. Seek professional advice before making any investment. #atlantacpa...