Esquire Group
Esquire Group
  • 222
  • 312 703
Real Advice vs. Online Noise: The State of International Tax Advisory
In this eye-opening episode, we dive into the state of the international tax advisory industry with esteemed U.S. international tax attorneys Virginia La Torre Jeker and John Richardson. With a several decades of experience between them, they share their insights on the importance of seeking advice from true experts, especially in an era where many claim expertise without actually having it.
If you want to schedule the consultation with Virginia or John contact them via LinkedIn:
---- Virginia La Torre Jeker ------ linkedin.com/in/virginia-la-torre-jeker-j-d-44927a
----John Richardson ----- www.linkedin.com/in/citizenshipsolutions/
Subscribe to the Wealth Uncensored on any of the following platforms:
♦️PodBean - wealthuncensored.podbean.com/
♦️Apple Podcast - podcasts.apple.com/us/podcast/wealth-uncensored/id1702548989
♦️Spotify - open.spotify.com/show/3hRLhRGgdtwxSzzIWqmw63
♦️Amazon Podcast - music.amazon.com/podcasts/a6b95910-72c2-41b7-9f3d-425b4012e782/wealth-uncensored
♦️Google Podcast - podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZGJlYW4uY29tL3dlYWx0aHVuY2Vuc29yZWQvZmVlZC54bWw
Make sure to subscribe to stay up to date on our latest videos
------------------------------------------------------------------------------------------------------------------------
♦️ua-cam.com/channels/9IacrMVN8B_oU5APENiMLw.html♦️
------------------------------------------------------------------------------------------------------------------------
Hi! I am Jimmy Sexton, LL.M. - Founder & CEO of Esquire Group. I founded Esquire Group with the objective of helping and inspiring wealthy families, investors, entrepreneurs, and high-level executives obtain and gain control over and protect their wealth, via strategic wealth planning.
Connect with me on LinkedIn
-------------------------------------------------------------------------------------------------------------------------------
♦️www.linkedin.com/in/jimmysextonllm/♦️
-------------------------------------------------------------------------------------------------------------------------------
Shoot us a message if you have any question
-------------------------------------------------------------------------------------------------------------------------------
♦️ esquiregroup.com/contact/♦️
-------------------------------------------------------------------------------------------------------------------------------
OR
Find out more about the SERVICES we PROVIDE at Esquire Group
-------------------------------------------------------------------------------------------------------------------------------
♦️ esquiregroup.com♦️
-------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------DISCLAIMER--------------------------------------------------------
This video is prepared for educational purposes only. This video is not legal, tax or any other type of advice. Each individuals’ circumstances are different, you should seek legal and/or tax advice to address your specific situation and any questions you may have.
Переглядів: 36

Відео

Best Estate Planning Practices for Foreign Investors in the US
Переглядів 6314 днів тому
In this episode, we're joined by attorney Mike Abel, LL.M. from Abel Law Group, an expert in estate planning and asset protection. Together, we dive deep into the critical topic of estate planning for foreign investors in the US. Mike and I explore what happens to your assets when you pass away without a will, with a foreign will, with a US will, and with a US living trust. We break down the pr...
Navigating Italy’s Flat Tax Regime
Переглядів 13321 день тому
In this episode, I talk to Italian tax attorney, Walter Andreoni, who gives us the ins and out of the Italy’s flat tax regime, how to qualify for it, and how to get set up on it. HNWIs throughout the world are looking for tax advantaged places to live. To fill the demand, several countries, even traditionally high-tax countries, like Italy, are offering special tax regimes to attract wealthy re...
The U.S. Beneficial Owner Register Explained
Переглядів 78Місяць тому
Join Jimmy Sexton on Wealth Uncensored as he sits down with attorney Mike Abel to dissect the newly established U.S. Beneficial Owner Information Register, a critical component of the Corporate Transparency Act. In this episode, they explore the requirements of the register, detailing what information must be reported, the deadlines for submission, and who falls under the requirement to report....
Adapting to the UK Non-Dom Regime Updates
Переглядів 175Місяць тому
In this episode of Wealth Uncensored, host Jimmy Sexton joins forces with Dmitry Zapol, a seasoned UK tax advisor with 15 years of expertise in international tax planning, to unravel the complexities and upcoming changes in the UK non-dom regime. Together, they dive deep into the nuances between current proposals and established laws, clarifying common misconceptions along the way. Key topics d...
Breaking Down Relocation Abroad for Americans with David Lesperance Pt.2
Переглядів 812 місяці тому
Learn how securing a second citizenship is a vital prerequisite for expatriation and the various paths you can take to obtain one. We delve into the tax implications of expatriation, including the U.S. exit tax, and how you can use foreign trusts and foundations to protect your assets and save on taxes post-expatriation. Join us for the final episode in our series with immigration and citizensh...
Breaking Down Relocation Abroad for Americans with David Lesperance (Pt.1)
Переглядів 862 місяці тому
Welcome to the first episode on why some Americans choose to leave the country. In this episode, we're joined by immigration and citizenship expert David Lesperance to explore the motivations and methods behind Americans relocating abroad. In This Episode: Temporary Refuge: Discover why some Americans seek refuge outside the U.S. in response to natural disasters or civil unrest. What are the op...
Just Because You Don't Have a Passport Doesn't Mean You Aren't a US Citizen
Переглядів 413 місяці тому
Are you a US citizen without a passport? Find to in this episode of Wealth Uncensored. I debunk the myth that a passport is the only proof of US citizenship. Discover how to navigate US citizenship's complexities, including its impact on taxes and wealth management, whether you're a citizen by birth, through parents, or considering expatriation. Learn essential tips for handling international t...
Corporate Ownership of US Vacation Home Risks Withholding Tax for Foreign Investors
Переглядів 593 місяці тому
The US is a sought-after destination for High Net Worth Individuals (HNWIs) looking to invest in vacation homes. However, the allure of owning a piece of the American dream comes with complex tax implications that can often be overlooked. This episode dives deep into the tax challenges associated with owning vacation properties in the US by foreign investors, including income tax on rental inco...
Tax Challenges for American Entrepreneurs in the UAE
Переглядів 723 місяці тому
Dive into the complex world of tax compliance for American entrepreneurs in the UAE in the latest episode of Wealth Uncensored. Discover the pitfalls of inadequate tax planning and learn how U.S. tax laws apply to you as an American business owner in the UAE. Whether you're self-employed or the owner of a UAE company, this episode is packed with critical insights and strategies for navigating y...
Why Americans Can't Save Taxes by Going Offshore
Переглядів 954 місяці тому
In this episode we debunk the myth that Americans can save taxes by going offshore. Gain a deeper understanding of US tax laws and the realities of offshore planning, including a discussion of Subpart F, GILTI, and other anti-avoidance measures. Subscribe to the Podcast "Wealth Uncensored"! Follow and listen future episodes on any of these platforms: ♦️PodBean - wealthuncensored.podbean.com/ ♦️...
Why Expatriating from the U.S. Without a Strong 2nd Passport Is a Gamble
Переглядів 1794 місяці тому
Explore the risks and considerations of expatriating without a strong second passport with expert Jimmy Sexton in our latest episode. Delve into the importance of mobility, security, and the potential consequences on taxes and legal status for those thinking of leaving the US. Tune in for insightful advice on making this significant decision, and don't miss our exclusive tools like the Expatria...
Navigating the Perils of Flee Clauses
Переглядів 464 місяці тому
Join me in "Navigating the Perils of Flee Clauses." Delve into the intricacies of flee clauses, crucial for anyone with or considering asset protection trusts. I unveil the benefits, potential dangers, and the art of crafting effective flee clauses. As we explore defining events of jeopardy and duress, I emphasize the pitfalls of generic clauses and the necessity of meticulous planning. Uncover...
Foundations: The Smart Way to Invest in UAE Real Estate
Переглядів 894 місяці тому
Ready to navigate the booming UAE real estate market intelligently? Join me, Jimmy Sexton, in our latest episode, "Foundations: The Smart Way to Invest in UAE Real Estate." Dubai's allure is undeniable. Learn how investing in UAE real estate through a foundation not only ensures asset protection and privacy but also safeguards your estate distribution per your wishes, bypassing sharia law. Inve...
The Billionaire Tax Today, Everyone Tomorrow
Переглядів 905 місяців тому
Ever wondered about the implications of the proposed Billionaire Tax Act? Join me in this podcast episode where we dive deep into the intricacies of this tax reform. I dissect why escaping it through expatriation or trusts might not be foolproof and explore the potential dangers that lie ahead. • The Billionaire Tax Act: A mark-to-market tax on unrealized gains. • Strategies for billionaires: E...
How HNWIs Are Redefining Safety as a Luxury
Переглядів 915 місяців тому
How HNWIs Are Redefining Safety as a Luxury
Shifting Income with Trusts for Tax Efficiency
Переглядів 1695 місяців тому
Shifting Income with Trusts for Tax Efficiency
The Need for Continuous Estate Planning
Переглядів 485 місяців тому
The Need for Continuous Estate Planning
Democracy or Regulation: The Illusion of Freedom
Переглядів 755 місяців тому
Democracy or Regulation: The Illusion of Freedom
Unveiling the Tax Agenda Behind Beneficial Ownership Registers
Переглядів 856 місяців тому
Unveiling the Tax Agenda Behind Beneficial Ownership Registers
The Power and Importance of Integrated Advice for Multinational Transactions
Переглядів 476 місяців тому
The Power and Importance of Integrated Advice for Multinational Transactions
Structuring U.S. Property Investments for Foreign HNWIs
Переглядів 1096 місяців тому
Structuring U.S. Property Investments for Foreign HNWIs
Weighing the Pros and Cons of Managing Your Own Trust or Foundation
Переглядів 1136 місяців тому
Weighing the Pros and Cons of Managing Your Own Trust or Foundation
The Art of Structuring Distribution Provisions in Trusts and Foundations
Переглядів 857 місяців тому
The Art of Structuring Distribution Provisions in Trusts and Foundations
Crafting the Ideal Board for Your Private Trust Company or Family Foundation
Переглядів 847 місяців тому
Crafting the Ideal Board for Your Private Trust Company or Family Foundation
Decoding UAE's New Business Tax Law
Переглядів 1007 місяців тому
Decoding UAE's New Business Tax Law
The Power and Importance of Integrated Advice for Multinational Transactions
Переглядів 528 місяців тому
The Power and Importance of Integrated Advice for Multinational Transactions
Uncovering the UAE as the Ultimate Trust and Foundation Planning Jurisdiction
Переглядів 2848 місяців тому
Uncovering the UAE as the Ultimate Trust and Foundation Planning Jurisdiction
Welcome to Wealth Uncensored - Weekly Podcast
Переглядів 738 місяців тому
Welcome to Wealth Uncensored - Weekly Podcast
The Tax Pitfalls of Being a Global Citizen
Переглядів 272Рік тому
The Tax Pitfalls of Being a Global Citizen

КОМЕНТАРІ

  • @SG-tz7jj
    @SG-tz7jj 14 днів тому

    How about ADRs like ASML , Novo does estate takes applies ?

  • @khan200us
    @khan200us 26 днів тому

    How much a Ras Al Khaima company in freezone cost to set up?

  • @hakeemabdul5262
    @hakeemabdul5262 Місяць тому

    Hey Jimmy, love your videos on trusts in the UAE! I'm fully sold on their value, but I have a question: If I want to get a golden visa from property investment, will the government allow it if the property is owned by the trust/foundation and not me personally if I am the trustee and/or beneficiary? Would all beneficiaries be eligible for golden visa? This is my main hurdle in setting this up in the UAE.

    • @esquiregroup
      @esquiregroup Місяць тому

      Thanks! I appreciate the compliment. No, you wouldn't qualify for the golden visa if the property were owned through a trust or foundation as far as I know. Depending on your situation, often the trust outweighs the benefits of the golden visa. And, there are other ways to get golden visas. It would be helpful to understand your situation better to be able to determine what the best solutions is. Shoot an email to info@esquiregroup.com and let's have a quick intro call to discuss.

  • @DavidSLesperance
    @DavidSLesperance Місяць тому

    Great session and thank you for the shoutout!

  • @nwjwrbasumatary4643
    @nwjwrbasumatary4643 Місяць тому

    What if my clients are international but I’m working from free zone area will I be subject to France tax laws ?

    • @esquiregroup
      @esquiregroup Місяць тому

      Not sure why you are bringing up France when the video discusses UAE Free Zones?

    • @nwjwrbasumatary4643
      @nwjwrbasumatary4643 Місяць тому

      @@esquiregroup sorry bout that… it must have been my keyboard auto correct

  • @malikhanah
    @malikhanah Місяць тому

    High energy + Straight to the point = I am all ears!

  • @preethibala8730
    @preethibala8730 Місяць тому

    Which is better to invest from Australia for PR visa NDQ for NASDAQ100 with 0.48% management fee or QQQM US etf with 0.15% management fee. I am worried about the US estate tax when investing on QQQM - US etf. Please suggest which one to choose? thanks in advance

    • @esquiregroup
      @esquiregroup Місяць тому

      I do not give investment advice. That said, if you invest in US securities, they will generally be subject to US estate tax if you die owning them.

  • @ivansuarez6987
    @ivansuarez6987 Місяць тому

    Thanks for the explanation Jimmy. Quick question, the benefits (non taxable income in the US) of investing/trading in the US markets as a non-US person (W8-BEN) are gone if a non-US person decides to create a Trus right? Because will have to report and pay taxes on US source Income. Thanks!

    • @esquiregroup
      @esquiregroup Місяць тому

      Depends on whether it is a US or foreign trust. If a foreign trust, the benefits would not be gone.

  • @CAAbhinavGulechha
    @CAAbhinavGulechha Місяць тому

    Great point.

  • @investorslifepk
    @investorslifepk 2 місяці тому

    Jimmy, good information but hard to get your team to reply when one sends an enquiry. Sent email sometime ago with your team coming back initially but not corresponding on the reply for almost a week.

    • @esquiregroup
      @esquiregroup Місяць тому

      Sorry to hear that. I am in the process of adding another client relations person to ensure this doesn't happen in the future. Please email info@esquiregroup.com

  • @xoxoDeki
    @xoxoDeki 2 місяці тому

    Thanks for the helpful content! Just to reconfirm, since I am a non resident alien I do not have to file taxes every year right? My brokerage firm is witholding 30% tax on my dividends. For the last 8 years I have not been filing taxes but have been buying and selling stocks. Recently found out that I should be filing the 1040-NR form but your video says I am not required to file taxes. Would really appreciate it if you could clarify that for me!

    • @esquiregroup
      @esquiregroup Місяць тому

      Generally you would not be required to file US taxes if full withholding was done.

    • @xoxoDeki
      @xoxoDeki Місяць тому

      @@esquiregroup Thanks for responding! appreciate it 😊

  • @Clockat4am
    @Clockat4am 2 місяці тому

    Hey Jimmy, I am in the US working full time and currently in the process of starting a business in the UAE. How can you help!

    • @esquiregroup
      @esquiregroup Місяць тому

      I can help give you advice on where to set up your company in the UAE, UAE corporate income tax, how to best structure from a US tax perspective, and US compliance requirements. To get my advice, please email us at info@esquiregroup.com to set up a consultation. Thanks!

  • @dinushithaaa3980
    @dinushithaaa3980 2 місяці тому

    Jimmy, Could you please let me know, if a team Accountant in a US company temporarily travs to a US traty country, and works for 3 months. Is this a PE risk? ( only be working for 3 months, and only be working as an accountant for the US company) please let me know?

    • @esquiregroup
      @esquiregroup Місяць тому

      Depends on the treaty and other facts and circumstances. To give a definite answer, I would need more info. Please email us at info@esquiregroup.com to schedule a consultation with me so I can get the necessary details to answer your question.

  • @Santos1967
    @Santos1967 2 місяці тому

    Why is this Form 1042 S so complicated that TurboTax can't integrate it into their program???? I have a relatively simple problem - my wife, a German citizen, worked 20 years ago in the US and got an IRA. Now the Mutual Fund company (Vanguard) is sending me the 1042S to report what is essentially a RMD. I want to file this to get the withheld money back from the IRS. TT won't take it as an RMD and some TT community members say to report it as Wages & Income/All Income/Less Common income/Miscellaneous Income/Other reportable income/ but I can't find this on TT. Anybody got any ideas?

  • @crux2790
    @crux2790 2 місяці тому

    If you have a US C Corp that is owned by a Foreign Company, and the US C Corp sells property that it has an interest in, doesn't the US C Corp still have to pay the corporate tax rate of 21% on the gain?

  • @billyflanagan9657
    @billyflanagan9657 3 місяці тому

    I moved to Ireland will my pension be taxed?

    • @esquiregroup
      @esquiregroup Місяць тому

      Not sure where you moved from or your citizenship or where your pension is or which country you asking about taxing your pension. Best would be to set up a consultation with me so I can get the necessary details and answer your question. Please email us info@esquiregroup.com to set up a consultation with me.

  • @user-ii5de3wp4w
    @user-ii5de3wp4w 3 місяці тому

    1:35 I am an international student (F1 visa holder) and have been here in the US for more than 183 days. Would that mean that I am subject to being taxed as a US Citizen?

    • @esquiregroup
      @esquiregroup Місяць тому

      Generally people on student visas are exempted from being treated as US persons for tax purposes, but it is facts dependent. If you would like to get definitive advice on the matter, please set up a consultation with me emailing info@esquiregroup.com.

  • @saviolicious5
    @saviolicious5 3 місяці тому

    Is this solution still relevant with the advent of corporate tax in the UAE? I guess another option would be to just buy UCITS compliant ETFs

    • @esquiregroup
      @esquiregroup Місяць тому

      It is. Free zone companies are not subject to tax on income from stocks and other securities, so no UAE corporate income tax would apply to dividends and capital gains from US stocks.

  • @yassin_eldeeb
    @yassin_eldeeb 3 місяці тому

    man, you’re so underrated, one of the very first ones to share publicly the very unknown estate taxes on UA-cam.

  • @nicholasstarpoli6179
    @nicholasstarpoli6179 4 місяці тому

    As a nonresident Alien myself I find it extremely difficult to get accepted to use platforms to trade (futures, options, forex) because they continue to say that I need to provide citizenship in at least one country. Wondering how I can explain how this is not needed

    • @esquiregroup
      @esquiregroup 3 місяці тому

      This isn’t really a tax question. That said, brokerage firms can set their own requirements for what they require for an account to be opened.

  • @hugo3796
    @hugo3796 4 місяці тому

    Very helpful still in 2024

  • @hugo3796
    @hugo3796 4 місяці тому

    But you can expatriate without renouncing

  • @irsmedic
    @irsmedic 4 місяці тому

    Awesome work Jimmy! Great info.

  • @ASITL
    @ASITL 5 місяців тому

    what about long term capital gains from gold etf like gldm?

    • @esquiregroup
      @esquiregroup 4 місяці тому

      There should not be any US capital gains taxes due.

  • @Jack_watson
    @Jack_watson 5 місяців тому

    Sir i want to close my llc permanently. Sir please tell me (BOI) is mandatory for me to submit (BOI) before closing llc permanently or not. Sir i am from India and i am a owner of a non usa resident llc in the State of NH. Sir please tell me what to do.

    • @esquiregroup
      @esquiregroup 4 місяці тому

      Please email us at info@esquiregroup.com

  • @Gamekopigayo
    @Gamekopigayo 5 місяців тому

    🙂

  • @kzboy
    @kzboy 5 місяців тому

    truth has been spoken!!!

  • @user-gi5dt2lr8i
    @user-gi5dt2lr8i 5 місяців тому

    Im 32 now, and this issue is on my mind frequently. I should plan how to avoid this estate tax.

  • @NoName-yg7jb
    @NoName-yg7jb 5 місяців тому

    Hello Sir. If I’m an individual that let’s say wants to buy items from freezone(like an iPhone/Samsung) am I allowed to do so? Do I need any documents for that?

    • @esquiregroup
      @esquiregroup 5 місяців тому

      Unfortunately this is a not a tax question and it outside my area of expertise.

  • @marcusd9192
    @marcusd9192 5 місяців тому

    What if you direct a company and live in 3 different countries during the year in which you are directing it? Does the country that you spend the most time in have the strongest PE claim? Or perhaps the country in wich you generate the most profit? Or perhaps none because you spend such little time in each?

    • @esquiregroup
      @esquiregroup 5 місяців тому

      This is a very complex question that isn't easy to answer. My video is based on a discussion of PE rules generally. Each country has its own rules regarding what is and what is not a PE. We would need to check the rules in each of the countries in which you spend time to be able to make this determination.

  • @SD-ef4qp
    @SD-ef4qp 5 місяців тому

    Can someone explain what do you mean by an IRE- Individual Related entity. Any help is much appreciated 👍

    • @esquiregroup
      @esquiregroup 5 місяців тому

      I don't believe I said anything about an IRE in this video as there is no such US entity.

  • @jackskellington9195
    @jackskellington9195 5 місяців тому

    Thank you for the information And getting help with U S tax’s

  • @gv2509
    @gv2509 5 місяців тому

    Thanks for the video. Why not set up a BVI Company instead? And is it possible to lower the income taxes on dividends to?

    • @esquiregroup
      @esquiregroup 5 місяців тому

      A BVI company could certainly act as a US estate tax blocker but won't lower withholding on dividends as there is no tax treaty between the BVI and US. Dividend withholding would be 30%.

  • @jeremyleonbarlow
    @jeremyleonbarlow 5 місяців тому

    Let's see, there are substance problems under the current UAE laws even for a holding company. That is before issues of Controlled Foreign Corporation laws, the FATF- greylist and all of those problems are brought into focus, not the least of which is management and control rules in home country, or tax rates in those countries on corporate income ie dividends earned by the company, the potential loss of tax treaty benefits that say a Spanish owner would have with the US, that the UAE company would not.

    • @esquiregroup
      @esquiregroup 5 місяців тому

      I am certainly not saying that a UAE company is the right answer for every person anywhere in the world but it is the right solution for many. Also remember that not every country has a treaty with the US, CFCs, etc. so people resident in such countries, those aren't part of the analysis.

  • @iansun7027
    @iansun7027 6 місяців тому

    Great video👍

  • @AmazingVideos-wk6kz
    @AmazingVideos-wk6kz 6 місяців тому

    What a great video. It has cleared all of my questions. Stunning

  • @AmiraSaad-th1pb
    @AmiraSaad-th1pb 6 місяців тому

    Great video. Hi, I deposited in my US LLC bank account 2500 dollars. Didn't do any business sales or purchases. Now in 5472 asset blank should I enter 2500 dollars. And is this a reportable transaction

    • @esquiregroup
      @esquiregroup 5 місяців тому

      Thank you for your question. Please schedule a consultation with me to get an answer to your question. You can set up a consultation by emailing us at info@esquiregroup.om

  • @chandratondepu1240
    @chandratondepu1240 6 місяців тому

    Cool

  • @purvimehta5610
    @purvimehta5610 6 місяців тому

    Whether there is any possibility of restricting POEM of foreign entities??

    • @esquiregroup
      @esquiregroup 5 місяців тому

      Not sure what you mean by POEM?

  • @Lav291
    @Lav291 6 місяців тому

    Hi, I am a Canadian. I sold all my US PTP shares in 2023. I have just learned from my broker that I have to file non-resident US tax return. What forms do I have to file ? Thanks for the video.

    • @esquiregroup
      @esquiregroup 5 місяців тому

      A nonresident individual income tax return is Form 1040NR.

  • @doflamingoo-if2fv
    @doflamingoo-if2fv 6 місяців тому

    thanks man for this really informative video i wanna if it is necessary to grow and work on this company of it is just an investement to get residence permit

    • @esquiregroup
      @esquiregroup 6 місяців тому

      Many people use these types of companies just to get residency.

  • @henryterranauta9100
    @henryterranauta9100 6 місяців тому

    Good stuff and very explicit 👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼

  • @launchcode5083
    @launchcode5083 6 місяців тому

    great video, thanks for this. What about having the LLC and running a Saas product under the LLC. If the Saas has US customers, does that mean I have to pay tax for those customers?

    • @esquiregroup
      @esquiregroup 5 місяців тому

      Not necessarily but the analysis must consider many factors. I'd welcome the opportunity to help you figure this out. Please email us at info@esquiregroup.com to set up a consultation.

  • @user-cv4jy9qt2o
    @user-cv4jy9qt2o 6 місяців тому

    Hi there :) Quick question: This year, I sent about $38k from my own (savings) account in the US to my own account in Europe. I hope this is not considered as a trust?? (its just a checking/savings account in Europe in my name with no interest) So basically, I have just moved my own savings to my own account in Europe. I'm gonna do my FBAR in 2024, but my question is: I don't need to report this transaction that I sent my own money to myself, right? Thanks.

    • @esquiregroup
      @esquiregroup 6 місяців тому

      Based on the info you provided, I don't believe this should be treated as a trust. However, I would need more info to say definitively. Also, it sounds like the only thing you need to do is report the funds in European account on your FBAR and Form 8938. But again, without more info about the transaction, I can't definitively what your reporting requirements are. If you'd like a more solid answer, please set up a consultation with me by emailing us at info@esquiregroup.com. Thanks!

    • @user-cv4jy9qt2o
      @user-cv4jy9qt2o 6 місяців тому

      ​@@esquiregroup thanks for you answer. Yes, I will report my FBAR, because I exceed $10k, but why should I report Form 8938 (FATCA) if I don't even have $40k in total in my European (foreign) bank? Isn't reporting threshold for FATCA (form 8938) $50.000 USD, right? I have never even reached $40k. I will not exceed $50.000 USD for sure at any point. The amount of money in foreign bank will just go down, not up :)

  • @mgeorgy9105
    @mgeorgy9105 7 місяців тому

    I'm in Australia and my question is in relation to selling a PTP (which was purchased by my company) There is 10% a withholding for selling a PTP as it's an Australian company (I understand that) Australia has a free trade agreement with the US, which would mean the 10% withheld would be a tax credit. Would I use that withheld 10% for my Australian company tax return? or would I also still need to file a K-1 tax form (for my company)?

    • @esquiregroup
      @esquiregroup 6 місяців тому

      Thank you for your question. I would need a bit more info to be able to answer your question. I would be happy to assist. Please email us at info@esquiregroup.com to set up a consultation with me.

  • @stephenwilliams1286
    @stephenwilliams1286 7 місяців тому

    Uk Amazon seller on Amazon USA. If create a llc in USA will Amazon stop charging VAT even tho it’s a pass through entity and tax falls on uk soil?

    • @esquiregroup
      @esquiregroup 6 місяців тому

      To answer this question I would need more information and would likely need to do a bit of research. I would be happy to assist. Please email us at info@esquiregroup.com to set up a consultation with me.

  • @milkovivaldi
    @milkovivaldi 7 місяців тому

    Can I have an LLC that operates in the United States with a 21% tax (real estate) and, at the same time, does business in the stock exchange with a 0% tax (because it is considered a non-U.S. business)?

    • @esquiregroup
      @esquiregroup 7 місяців тому

      The only way an LLC would pay tax at 21% is if it has elected to be taxed as a corporation, in which case all income from any source would be taxed at 21%.

    • @milkovivaldi
      @milkovivaldi 7 місяців тому

      @@esquiregroup ok, I’m going to set up 2 different companies 😎

  • @Hantarolu
    @Hantarolu 7 місяців тому

    Hello Jimmy Is there a maximum limit on the amount of revenue you have to pay in taxes for an LLC? With resident Dubai

    • @esquiregroup
      @esquiregroup 7 місяців тому

      Only US source income of the US LLC would be subject to tax. If the income is non-US source then there is no limit how much can be earned tax-free. That said, the rules as to what is and what is not US source income are complex. To say for certain how the income of your LLC would be taxed, I would need more info. The best way for me to advise you is for you to set up a consultation with me. You can do so by emailing us at info@esquiregroup.com. Thanks!

  • @lightningstar44
    @lightningstar44 7 місяців тому

    lets say im in india and i opened a LLC in US just for document that i have a company in US. So what is the payable tax for me as im still live in india and doing my company work without going to US.

    • @esquiregroup
      @esquiregroup 7 місяців тому

      Assuming you are providing services from India with no US premises or personnel, there should be no US tax. That said, I can't say definitively without knowing more. The best way to get answers to your questions is to set up a consultation with me. You can do so by emailing us at info@esquiregroup.com.

  • @coamincruz1048
    @coamincruz1048 7 місяців тому

    Thanks for the info!! I understand that non residents are subject to state taxes for stocks. However, the only scenario I have heard of this applying is when the owner dies and stocks want to be claimed by others. Are there any other scenarios for states taxes applying for stocks?

    • @esquiregroup
      @esquiregroup 7 місяців тому

      Do you mean estate taxes?