In the News

1/2021

Possible Law Changes in US Tax and Reporting Obligations for U.S. and Non-US Persons

  • picture of Jennie Cherry
    Jennie Cherry
  • picture of Gordon P. Stone, III
    Gordon P. Stone, III

A new administration at the federal government level may mean tax law changes during 2021. January 28, 2021.  Although unlikely to apply retroactively, advisers to international families should keep an eye on US tax developments, including increased information reporting. This overview provides a summary of the general framework for US gift, estate and generation-skipping transfer taxes and describes some of the many income tax and reporting obligations imposed on both US and non-US persons.   Download

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