Karen Ross – CPA Superhero!
Ex client comes to me. They are a Italian resident and their spouse is a U.S. citizen and Italian resident. They have income from the United Kingdom, they have income from the United States, and they have income from Italy. So typically we do a discovery call, and I work with their foreign tax practitioners as well.
And I’m looking at the sources of their income, where they live, how long they live there, and determining what the tax ramifications are for them outside of the United States first, and then looking at what the tax laws are in the United States that can benefit them so they’re paying the least amount of tax across the board.
But you have to look at where they live, where they’re closely connected to, is what we say, where are their relationships. So there’s so many different questions that you have to answer and so many boxes to check as a practitioner to really understand the scope and be able to provide that advice. Only someone that’s an expert in international tax is going to be able to do that.
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