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Form 706-NA Pearland Texas: What You Should Know

As an executor,  I am not familiar with this form and would not know how this can be used for estate taxes and planning... For the purpose of the asset protection and tax avoidance program, the IRS defines a nonresident as an individual who is a citizen of such country, is not a resident of the U.S., and not  under certain exemptions is not a resident of the U.S. The primary benefit of not being a resident of the United States is that nonresidents have the  same tax status as the U.S. resident.  Nonresident's assets may include the  funds of a trust, U.S.-registered accounts and mutual funds held in the name of the nonresident, but only if the account is invested in  U.S. securities. Nonresidents are not allowed to hold U.S. property on their own, only in the  names of other U.S. residents.  I can help with estate and retirement tax planning for nonresidents, including but not limited to,  planning for retirement or health care expenses and tax planning for nonresidents.

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