CDH Utilizes International Tax Expertise to Save Thousands in Estate Tax Dollars

Global businessSeveral foreign individuals recently came to us after encountering an issue with transferring stock held in the United States from their recently deceased father. The U.S. bank in question was unable to release the stock to the heirs without documentation of a properly filed U.S. estate tax return for the father. As you can imagine, the fact that the father was a foreign individual not residing in the United States complicated matters. Among the many issues and questions involved were the following:

  • Is the transfer taxable?
  • What is the estate tax exemption for non-resident individuals?
  • Is a state estate tax return required to be filed?

In addition to answering these questions, CDH analyzed and discovered provisions in the US/Japan tax treaty that allowed for treatment of the transfer as entirely non-taxable. This expert advice saved our client thousands of tax dollars and resulted in a successful non-taxable transfer of the stock.

This situation demonstrates how helpful an expert analysis can be when dealing with international tax implications. CDH prides itself on being Chicago’s premier international financial consulting firm. For more information or a complimentary estate tax evaluation, please contact Ryan Giolitto at 630-285-0215.

Ryan Giolitto

Ryan Giolitto is a business consultant and advisor helping businesses and individuals focus on growing their business and wealth to fund a successful retirement strategy. Ryan is Manager of U.S. Tax and Financial Consulting Services at CDH, P.C. where he specializes in tax and financial planning for businesses and high net worth individuals. Ryan graduated from the University of Illinois in Champaign with a B.S. degree in Accounting and a M.S. degree in Taxation. Ryan is a licensed Certified Public Accountant (CPA) in the state of Illinois and a Certified Financial Planner (CFP®).
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