Write 1 page with APA style on International Tax and Estate Planning Benchmark Assignment 5.

Write 1 page with APA style on International Tax and Estate Planning Benchmark Assignment 5. International Law and E Planning al Affiliation) Answer to question one Non-resident alien individuals who are involved in various businesses in the United States or those who have income from the United States sources must fill an income return on form 1040NR (Granwell, 2011). Chapter 1, section 10.02, page 1.Answer to question twoA foreign partnership must generally fill an information return on form number 1065 if it has income from the United States sources or is engaged in the United States business. Chapter 1, section 10.04, page 1.Answer for question three A non-resident alien files a gift tax return on form number 709 if the gift is made of property located in the United States. There is no requirement to return gifts of intangible property. Chapter 1, section 10.05, page 1Answer to question fourA foreign corporation with income subject to the United States active business must fill a tax return on form 1120F. Chapter 1, section 10.04, page 1Answer to question fiveThe amount does not exceed sixty thousand dollars and the type of tax is excise tax. These are the requirements with respect to payment of premises with respect to offshore life insurance (Dumont & Lawrence, 2012).Answer to question sixFor legal and tax purposes, the beneficial owner of the policy investment must be the insurance carrier (Granwell, 2011).Answer to question sevenThe name of the exemption under the 1933 securities act available for offshore including the offshore life insurance is the Reg S exemption.Answer to question eightThe main premium payments requirements with respect to non-modified endowment are the excise tax and the tax imposed by I.R.C, section 4371.Answer to question nineThe number of portfolio or segregated accounts for establishment to ensure meeting of the diversification requirements for a viable life insurance policy under internal revenue code section 817 (h) is not specific (Dumont & Lawrence, 2012). There should be creation of one or more segregated portfolios in order to segregate its various assets and liabilities. Although a segregated portfolio must be distinct, this does not mean that it is a separate entity from the insurer.Answer to question tenYes, this is because it is a vital concept during the implementation of this principle, which is offshore life insurance or offshore annuity contract (Granwell, 2011). ReferencesDumont, R., & Lawrence, R. (2012). International estate & tax planning, 2012. New York, N.Y.: Practising Law Institute.Granwell, A. (2011). International tax planning for the U.S. multinational corporation. New York, N.Y. (810 7th Ave., New York 10019): Practising Law Institute.

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more