Please join the International Private Client Group, a part of Holland & Knight's Private Wealth Services Practice, for our exclusive International Private Client Webinar Series. Our highly experienced attorneys will delve into the personal and business matters that affect international high-net-worth families and individuals. We will provide insight on how to protect you, your loved ones or your business in divorce, adoption, international tax and estate issues, and other sensitive matters, as well as how to develop a strategic plan for a legacy that could last for generations.
See below for more details and registration information for our second event, as well as dates and topics for upcoming sessions.
Divorce in a Post-Tax Reform World with a Focus on Cross-Border Issues
Significant legislative changes that impact the deductibility and income taxation of alimony payments made to and received by former spouses were made effective in 2019 and have needed to be considered since the 2020 tax year. Withholding tax rules in which the former spouse receiving the alimony payments is a non-U.S. person and the payor spouse is a U.S. person have been affected.
The rules are further complicated by the differences in how alimony is taxed in other countries, which can create double taxation unless a tax treaty exists and rectifies the whipsaw effect.
Additionally, the division of property between former spouses, where either spouse is not a U.S. person, can trigger unanticipated income tax consequence and withholding tax exposures not often contemplated, particularly where the transfer of U.S. real property is involved.
This presentation will highlight these pitfalls and give suggestions on how to structure alimony payments and property divisions that arise in a cross-border context as well as other issues that are often overlooked.
Wednesday, February 17, 2021
12:00 – 1:00 p.m. ET
11:00 a.m. – 12:00 p.m. CT
10:00 – 11:00 a.m. MT
9:00 – 10:00 a.m. PT
Meeting access information will be provided in your confirmation email.
Please register online for this event by February 16.