The personal tax needs of an individual focus on reducing income and transfer taxation of personal holdings, earnings from passive assets, business earnings and compensation for services. Tax planning for multinational individuals includes avoidance of double taxation, structuring investments and holding companies in low tax or no tax jurisdictions and extensive pre-immigration tax planning. Valant’s tax lawyers work closely with our clients’ and their financial advisors and accountants to optimize worldwide asset and business holdings to reduce taxation on a worldwide basis. Some examples of what our tax lawyers do to improve their clients’ personal tax situation include:

 

• Structuring multinational ownership structures for personal and business assets

• Tax treaty planning

• Avoiding Controlled Foreign Corporation classification

• Avoiding or minimizing global income taxation

• Avoiding or minimizing global taxation of wealth and wealth transfers

• Pre-immigration tax planning

• Proactive tax shelter structures

• Advising on compliance issues, including FATCA

• Tax research, analysis and opinion letters

• Partnership Assets Basis Strip with a 754 Election

• Terminating a Prior 754 Election

• Freezing Partnership Deficit Capital Accounts

• Partnership Mergers

• 1031 Exchange Cash-Outs

• 1031 Drops and Swaps

• Complex Outbound Planning with CFCs and PFICs

• Pre-Immigration Tax Planning

• Expatriation

• Inbound Planning for NRAs