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DHS Extends Eligibility for Employment Authorization to Certain H-4 Dependent Spouses of H-1B Nonimmigrants Seeking Employment-Based Lawful Permanent Residence

By Coleman Jackson, Attorney, CPA February 25, 2015 U.S. Citizenship and Immigration Services (USCIS) announced that the Department of Homeland Security (DHS) is extending eligibility for employment authorization to certain H-4 dependent spouses of H-1B nonimmigrants who are seeking employment-based lawful permanent resident (LPR) status, effective May 26, 2015. DHS amended the regulations to allow these H-4…

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FOREIGN TRUSTS WITH UNITED STATES BENEFICIARIES

By Coleman Jackson, Attorney, CPA January 28, 2015 If all the items of money or property constituting the corpus of a foreign trust are transferred to the trust by a U.S. person, the entire foreign trust is a foreign trust created by a U.S. person.  Where there are transfers of money or property by both…

IRS PENALTY RELIEF

By Coleman Jackson, Attorney, CPA December 16, 2014 IRS Accuracy Related Penalties: The Internal Revenue Code provides for imposition of an accuracy-related penalty of twenty percent (20%) on underpayment of tax. The taxpayer could be subjected to the accuracy-related penalty for negligently understating their income or over stating their expenses, or for any other substantial…

SECRET OFFSHORE ASSETS AND THE FIFTH AMENDMENT PROTECTION

Tax Blog by: Coleman Jackson, Attorney, Certified Public Accountant November 26, 2014 Fifth Amendment to the United States Constitution: No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces or in…

Fake Form W-8BEN Used in IRS Tax Scams, Don’t Get Hooked!

By:  Coleman Jackson, Esq. Nov 13, 2014 What is Form W-8BEN? The Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding) is a legitimate U.S. tax exemption document. You can only submit Form W-8BEN directly to your withholding agent. How IRS Form W-8BEN Scammers target taxpayers? Scammers usually target taxpayers who either did…

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Noncitizens In Danger of Deportation | Federal, State & Local Tax Violations Could Be Deportable Offenses!

By:  Coleman Jackson, Esq. Coleman Jackson, PC | 6060 North Central Expressway, Suite 443 | Dallas, Texas 75206 | www.cjacksonlaw.com | 214-599-0431 June 30, 2014 Noncitizens of the U.S.A.  who commit certain federal tax crimes are subject to deportation as aliens who have been convicted of an aggravated felony. The U.S. Supreme Court held in…

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Are Resident Aliens Subject to U.S. Federal Taxes?

By:  Coleman Jackson, Esq. Coleman Jackson, PC | 6060 North Central Expressway, Suite 443 | Dallas, Texas 75206 | www.cjacksonlaw.com | 214-599-0431 June 12, 2014 Yes, resident aliens are subject to U.S. federal taxes on their worldwide income.  See 26 U.S.C.  §7701(b) and 26 U.S.C. §61. Who is a resident alien?  For federal tax purposes,…

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Estate Planning Using Trust : Protect Your Assets, Pass Your Legacy and Manage Tax Liability

By:  Coleman Jackson, Attorney | Immigration & Tax Law Firm | www.cjacksonlaw.com

Apr 14, 2014

 

What is Estate Planning?

Estate plan using trustEstate planning is the field of discipline in preparation for yourself and your loved ones future.  Ideal estate planning happens when you protect your assets, pass your legacy, and manage your tax liability.  Estate planning is way more than drafting a set of documents.  Proper estate planning is more than documents!  Estate planning is not merely about passing your assets and values at the time of death; but, also managing and controlling your assets during your life time.  Estate planning can include life time gift planning, incapacity planning, digital asset planning, death planning and business structuring, winding down and exit strategy planning.  Proper estate planning permits you to give your assets to who you want, when you want, and how you want. Read more