Can A Green Card Resident Still Be Trustee for USA Based Trust
Yes, a green card resident can be trustee for trust that has a US citizen as grantor and the situs of the trust is located within the United States.
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Can One Redeem In Lawful Money If Not A US Citizen
Yes, everyone can redeem in lawful money to avoid the taxable event known as income taxes within the USA. Lawful money does work outside the United States (especially Canada) as confirmed by other students, but is referred to by different terms which ...
Should The Credit or Debit Card Have The Trust or Trustee Name
Depending on the bank and type of card issued it may have "_______ Trust" or "_______ Trustee" or "_______ TTEE" on it. Any title that shows the account is linked to a trust/trustee is all that is required.
Are Foreign Trusts Suggested or Used In This Strategy
No, we do not teach on these trust structures. A foreign trust is made with under foreign laws while operating in the USA and adhering to its tax laws. The IRS is ever-watchful of these trust types and is not suggested for this and many other ...
How To Get EIN Outside USA
There are 2 methods to obtain an EIN when not a USA Citizen or outside the USA (e.g. long-term overseas business). An Authorized Agent will need to be hired for METHOD 1: To obtain an EIN as an international applicant, call the IRS at +1 (267) ...
Can Non-Resident Aliens Own S-Corporations
A non-resident alien cannot own an S-Corporation, but there are no citizenship or residence requirements for ownership of a C Corporation or an LLC.