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Tax Professional Level: Master Tax Advisor
I do not think there is any way to minimize the capital gains tax upon sale. After all, you state that after 45 years there is not much basis left, if any. The depreciation taken will have to be added back as... Read More

Tax Professional Level: Master Tax Advisor
I am not familiar with Transfer Pricing, and suggest you contact a tax attorney or CPA. Read More

Tax Professional Level: Master Tax Advisor
I do not think you can claim your wife's family as dependents. Read More

Tax Professional Level: Master Tax Advisor
The easiest way is to apply a formula on the basis of each subsidiary's sales to the total corporate sales. This is probably the most equitable process. Another possibility is to base the total headquarter... Read More

Tax Professional Level: Tax Enthusiast
As an independent contractor without an LLC or S corp that your earnings are being paid to, you are most likely to pay a higher amount of tax as a result. The LLC not only offers greater liability protection but... Read More

Tax Professional Level: Tax Enthusiast
without knowing much of the necessary details, currently corporate tax rate is the highest and personal income tax rate is lowest. However, that is liable to change with the push to increase individual with high... Read More

Tax Professional Level: Tax Enthusiast
Basically you would have an FBAR filling requirement if the aggregate sum of your accounts exceed US $10,000 at any point in time during the year, you might have FATCA reporting too. The other property need to... Read More

Tax Professional Level: Tax Wizard
Hope you are still out there. I just got this question. It is more a matter of how much income you earn than days spent in the US that generates the filing. (Albeit days are important.) If you earn more than... Read More

Tax Professional Level: Master Tax Advisor
I do not see any way around minimizing the capital gains tax on the proposed sale of the building. Read More

Tax Professional Level: Tax Enthusiast
FATCA addresses foreign accounts and the withholding responsibilities of foreign financial entities. Your question talks about US securities, are these US based securities or securities of US companies held by you... Read More