Avoiding U.S. Controlled Foreign Corporation (CFC) status using Nominees?  You’re at risk with the IRS.

U.S. Tax Planning /

So often I speak with clients who were advised to use nominees to conceal their status as the UBO – ultimate beneficial owner. I cannot say this often enough.  It’s dangerous and it’s dangerous.  Banking is problematic, what if the nominee passes or becomes incapacitated, and most importantly – the IRS sees right through it.  […]

Avoiding U.S. Controlled Foreign Corporation (CFC) status using Nominees?  You’re at risk with the IRS. Read More »