Virginia La Torre Jeker, J.D.

Dubai, United Arab Emirates
Description

I am a US tax specialist in Dubai@with over 30 years experience.@ The focus of my practice involves US tax issues for foreign investors in the US property or general investment market; pre-immigration tax planning for those considering US green cards or citizenship; tax and State Department issues for those giving up US citizenship or long-term green cards; tax issues for... View full profile

Areas of Practice
  • Tax Planning
  • Tax Law

I am a US tax specialist in Dubai with over 30 years experience.  The focus of my practice involves US tax issues for foreign investors in the US property or general investment market; pre-immigration tax planning for those considering US green cards or citizenship; tax and State Department issues for those giving up US citizenship or long-term green cards; tax issues for Americans living and working overseas, tax and FBAR noncompliance matters, FATCA and offshore account issues including IRS Voluntary Disclosure and Streamlined initiatives; “Controlled Foreign Corporations” and “Passive Foreign Investment Companies”; trust and estate tax issues for high net worth individuals; general income, gift and estate tax planning; and US and international taxation planning especially for expatriates and multi-national clients. 

Please visit my US tax information page http://dubai.angloinfo.com/information/money/general-taxes/us-expat-tax/

and my US tax blog  https://www.angloinfo.com/blogs/global/us-tax/  

Dubai United Arab Emirates
Dubai Investment Park
PO Box: PO BOX 474266
Dubai
United Arab Emirates
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Virginia La Torre Jeker, J.D. hasn't posted any news yet.
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06:19 12 July 2018

Many countries are waking up to the fact that offshore structures, financial instruments, cryptocurrency and other advances in technology, when inappropriately used, are fast outwitting their tax collectors. This wake-up was eventually accompanied by the realization that there is more power in collaboration and in numbers. Noncompliant taxpayers need to take action now before they are detected by the “J5” or one of the IRS “campaigns”.

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12:55 11 June 2018

Form 5472 – Everything You Need To Know (Part I) https://www.angloinfo.com/blogs/global/us-tax/form-5472-everything-you-need-to-know-part-i/ This tax filing season brought a wave of questions about Form 5472. Interest in this complex form was renewed because of recent Treasury Regulations requiring that it be filed by foreign owned single-member US LLC's. The Form applies in many other cases as well. For those who had so many questions about Form 5472, the next two blog posts cover it in great detail. All the US tax information you need, every week -- Just follow me on Twitter @VLJeker (listed in Forbes, Top 100 Must-Follow Tax Twitter Accounts 2017 and 2018)

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05:12 04 June 2018

Newest IRS Campaigns - Targeting All Things Foreign, Especially NRAs Five of the six new campaigns target “foreign” tax areas. Expect to see an increase in audits in these hot spots – with nonresident alien individuals right in the cross-hairs. All the US tax information you need, every week -- Just follow me on Twitter @VLJeker (listed in Forbes, Top 100 Must-Follow Tax Twitter Accounts 2017 and 2018)

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04:30 28 May 2018

Foreign Individuals: No Help From US Estate Tax Reform (Part II) https://www.angloinfo.com/blogs/global/us-tax/?p=7144 US Estate tax law changes did not help foreigners who invest in the USA. Following Part I, today’s post examines the US Estate tax ramifications of bank deposits, cash, brokerage accounts, debt obligations and US life insurance. The details will surprise you!

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15:41 09 May 2018

Expatriate’s Foreign Housing Exclusion - Being Chipped Away While the foreign housing exclusion is another way to save dollars on your US expat tax bill, the exclusion has become less and less valuable with each passing year. My blog post explains why this is so and details the IRS rules, common mistakes, the expenses that count toward the exclusion and how to use it. https://www.angloinfo.com/blogs/global/us-tax/?p=7177 All the US tax information you need, every week -- Just follow me on Twitter @VLJeker (listed in Forbes, Top 100 Must-Follow Tax Twitter Accounts 2017 and 2018)

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15:32 04 May 2018

Most people would never imagine that having an American business partner or employee (or even an American spouse) could result in having to disclose their business’ finances to the U.S. government. In certain circumstances, this is in fact, the case and may involve disclosure of your non-US businesses’ sensitive financial information to the U.S. government. In this webinar we will discuss the circumstances under which this could happen and what you can do to prevent or mitigate the impact. We will also give examples of common situations to illustrate the material. Come join me, Virginia La Torre Jeker, J.D., along with Jimmy Sexton, LLM and Rainer Fiege-Kollmann, EA of Esquire Group, on May 10th to hear why foreign involvement with an American may mean nothing but headaches with the US tax man.

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04:50 02 May 2018

OOOPS! I Created a Foreign Trust (Part II) Foreign trusts with a US beneficiary are often a big fat OOOPS!! from a US tax perspective. Two tests determine if you have a foreign or domestic trust under the US tax laws. Just because the governing law is that of a US State, does not mean you pass the tests. If the trustee or protector is a former American who has expatriated, whether by giving up citizenship or a green card, you have a problem. All the US tax information you need, every week -- Just follow me on Twitter @VLJeker (listed in Forbes, Top 100 Must-Follow Tax Twitter Accounts 2017 and 2018)

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04:06 27 April 2018

OOOPS! I Created a Foreign Trust (Part I) Foreign trusts with a US beneficiary are often a No-Go from a US tax perspective. Learn why & learn how to determine if you have a foreign trust. Here’s a hint, if the trustee or protector is a former American who has expatriated, whether by giving up citizenship or a green card, you have a problem.

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11:20 18 April 2018

A deadly cocktail may soon be served to noncompliant taxpayers with unreported offshore assets. This deadly cocktail is a result of a several ingredients: a lowering of judicial standards on the burden of proof the IRS must meet to prove a taxpayer acted “willfully”; recent court definitions of “willfulness”; and IRS’ decision to terminate OVDP.

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08:40 30 March 2018

Confused Yet? W-8BEN, W-8BEN-E, Foreign ITINs and Dates of Birth There is a lot of confusion surrounding Form W-8BEN and W-8BEN-E. Must the forms now contain an individual’s date of birth? Must they contain a foreign individual’s or entity’s “foreign taxpayer identification number?” Learn what to do – full details in my blog post. https://www.angloinfo.com/blogs/global/us-tax/?p=7032

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10:53 22 February 2018

OOOPS! Excise Taxes Count Toward 5 Years of Expatriation “Tax Compliance” A significant problem lies in wait for US persons who are expatriating when they lack knowledge of the excise tax rules. Do you have foreign life insurance, sickness or accident insurance? A foreign annuity? If you have not been paying excise taxes, you can inadvertently become a “covered expatriate”.

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05:20 14 February 2018

Tax reform revised the “kiddie tax” rules in such a way that they will take a big bite out of a young person’s investment income, thwarting many parents’ plans to save for a child’s later education Starting this year, courtesy of “kiddie tax”, successful investments will now carry a very heavy tax cost. Today’s post examines a possible option for maximizing educational savings for children without having the funds eaten up by the newly revised and voraciously hungry “kiddie tax.”

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15:51 04 February 2018

Your Children and US Tax Reform – Tax, Tax, Tax the Kiddies! https://www.angloinfo.com/blogs/global/us-tax/your-children-and-us-tax-reform-tax-tax-tax-the-kiddies/ Since tax reform, the “kiddie tax” has a terribly fierce bite, all in the name of tax simplification, of course! Successful investments now carry a heavy tax cost for young people & gifts of income producing assets must now be reconsidered. Learn all about the new rules before it’s too late.

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07:53 14 January 2018

Sharia Law and the Mortgage Interest Deduction (Part I) This two-part blog post will focus on the US tax deductions available for payments of mortgage interest that are legal in the United States but that may be forbidden under Sharia. Part I will provide the background and overall dilemma faced by Muslim Americans in utilizing the mortgage interest deduction. All the US tax information you need, every week -- Just follow me on Twitter @VLJeker

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15:17 07 January 2018

New Tax Law Changes & Alimony Payments to Nonresident Aliens https://www.angloinfo.com/blogs/global/us-tax/new-tax-law-changes-alimony-payments-to-nonresident-aliens/ If you’re in the middle of a divorce or separation it may be worth your while to delay things until the new tax law regarding alimony takes effect. Learn the new rules and how they can impact your current divorce agreement or one signed after the new law is effective.

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05:35 07 December 2017

Estate Tax: Joint Ownership of Property with A Non-US Spouse The US Estate tax rules make your head spin when a non-US spouse is in the mix. https://www.angloinfo.com/blogs/global/us-tax/non-us-spouse-the-perils-of-jointly-held-property-part-ii-estate-tax/ All the US tax information you need, every week -- Just follow me on Twitter @VLJeker

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03:44 30 November 2017

Meghan and Harry - KISS! (Keep It Separate Sweetheart) - US Gift Tax Perils of Joint Ownership https://www.angloinfo.com/blogs/global/us-tax/?p=6749 Special gift tax rules apply to the creation and severance of joint tenancies when one of the spouses is a non-US citizen. The rules are complicated and lead to confusion even among tax professionals.

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07:01 23 November 2017

Should You Hold Assets Jointly With Your Non-US citizen Spouse? https://www.angloinfo.com/blogs/global/us-tax/?p=6600 Spouses often hold title to bank accounts, brokerage accounts and real property as joint tenants with right of survivorship. Yet, just as often they don’t understand the US tax ramifications of doing so. Things get COMPLICATED when a non-US spouse is in the mix! All the US tax information you need, every week -- Just follow me on Twitter @VLJeker

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05:17 16 November 2017

Today’s post explores various examples that serve to demonstrate how Sharia can have an impact on a US tax issue. Examples include the US tax effects of Muslim marriages with multiple wives, forced inheritance under the Quran, the prohibition against the payment of interest on money loaned (“Riba”), and the US tax impact of being either the US creator, or US beneficiary, of an Islamic “Waqf”.

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16:33 09 November 2017

The Perfect Storm: Understanding Sharia Law and Its Potential US Tax Impact https://www.angloinfo.com/blogs/global/us-tax/understanding-sharia-law-and-its-us-tax-impact/ What is Sharia? How does it influence legal systems? Multiple wives – An example of how Sharia and US tax law meet and collide. All the US tax information you need, every week -- Just follow me on Twitter @VLJeker

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08:40 05 November 2017

What Do We Do When a Foreign Country’s Laws Impact US Tax? https://www.angloinfo.com/blogs/global/us-tax/?p=6763 It’s important to understand the relevance of a foreign country’s law in US taxation. Is a foreign country’s law to be taken into account when analyzing a US tax issue? What guidance do we have to date from the IRS or the courts about the relevance of foreign law to a US tax query? How do we approach the US tax matter when foreign law is considered relevant to the analysis?

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08:37 05 November 2017

Expatriation Update: Following Boris Johnson, Many Quitters Quit the USA! https://www.angloinfo.com/blogs/global/us-tax/expatriation-update-following-boris-johnson-john-quitter-quits-the-usa/ The Treasury Department just released its “Name and Shame” List for the third quarter; 2017 looks like it will be highest year yet.

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04:09 25 October 2017

https://www.angloinfo.com/blogs/global/us-tax/when-sharia-and-us-tax-law-collide/ I frequently see Sharia law issues impacting various US tax analyses; guidance on the subject is completely lacking. Not only US practitioners must be aware. Foreign professionals (such as foreign lawyers, financial planners, tax specialists) working in countries with Sharia law should always be asking their clients if any US persons are implicated in the transaction.

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04:09 12 October 2017

Part II: Foreign Data In Chaos at IRS https://www.angloinfo.com/blogs/global/us-tax/part-ii-foreign-data-in-chaos-at-irs/ No taxpayers have been caught out by FATCA according to a survey of my various tax colleagues. Small wonder. The automatic exchange of information shared by foreign governments with the IRS is currently a mess. My blog post details all the problems found at audit.

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16:28 27 September 2017

While this may be “great news” for some delinquent filers, overseas Americans are still at high risk. Don't sit idly by. A special incentive for US persons living overseas who are delinquent in tax filings -- at no cost you can have a brief overview of your tax situation in discussion with me. Limited to the first 25 individuals contacting me per my blog post. All the details here. A special incentive for US persons living overseas who are delinquent in tax filings -- at no cost you can have a brief overview of your tax situation in discussion with me. Limited to the first 25 individuals contacting me per my blog post. https://www.angloinfo.com/blogs/global/us-tax/shocking-news-irs-just-suspended-its-automated-substitute-for-return-asfr-program/

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04:56 14 September 2017

Foreign Owner / Foreign Assets: No US Nominee! US tax issues decimate innocent parties as financial transparency becomes the order of the day. It's just a matter of time. Troublesome nominee issues can be fixed - the sooner the better. https://www.angloinfo.com/blogs/global/us-tax/dump-that-us-nominee/ All the US tax information you need, every week -- Just follow me on Twitter @VLJeker

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04:20 07 September 2017

The IRSwill host an ITIN Process webinar on Wednesday, Sept. 20 from 1- 2:30 p.m. EDT. Those interested in attending the ITIN Process Webinar can register. Now’s a good time to review an important point regarding the need for an ITIN in the case of US LLC’s owned by nonresident alien individuals (NRA). Maybe you won’t need to attend the webinar after all!

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04:47 31 August 2017

Expatriates Take Note: IRS Slipshod Work and Secrecy Prevent Taxpayers From Obtaining Critical Records https://www.angloinfo.com/blogs/global/us-tax/6466-2/ IRS systematically loses and destroys important taxpayer records due to carelessness and negligence. Expatriates take note – “lost” tax returns can result in denial of Foreign Earned Income and Housing exclusion benefits; worse yet, it can result in taxation to US recipients of gifts or bequests from former Americans (e.g., those who have expatriated). Protect yourself! Read more here.

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06:31 24 August 2017

Foreigners to the US – Extreme Vetting: And “If” You Get There, Don’t Forget Your Taxes https://www.angloinfo.com/blogs/global/us-tax/foreigners-to-the-us-extreme-vetting-and-if-you-get-there-dont-forget-your-taxes/ The US State Department has now issued a painstaking and extensive questionnaire for “extreme vetting” of individuals applying for US visas. Many who enter will feel lucky given the various Trump Administration travel bans. But, they must not forget that entry opens up a whole new world in US tax liability.

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05:51 28 July 2017

Americans Abroad: Sale of “Principal Residence”, Gain Exclusion & “Unforeseen Circumstances” http://www.angloinfo.com/blogs/global/us-tax/americans-abroad-sale-of-principal-residence-gain-exclusion-unforeseen-circumstances/ Unique implications are raised for US individuals working abroad when selling the “principal residence”. All the US tax information you need, every week -- Just follow me on Twitter @VLJeker

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17:34 21 July 2017

FBAR Case to Watch! IRS’ View of "Reasonable Cause" to Avoid FBAR Penalty http://www.angloinfo.com/blogs/global/us-tax/fbar-case-to-watch-irs-view-of-reasonable-cause-to-avoid-fbar-penalty/ June court filings in the case Jarnagin v. United States permit us to glean more about the current IRS view of “reasonable cause” in the FBAR context. All the US tax information you need, every week -- Just follow me on Twitter @VLJeker

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04:51 15 July 2017

https://www.angloinfo.com/blogs/global/us-tax/united-arab-emirates-and-lebanon-now-largely-compliant-with-international-tax-transparency-rules/ Various jurisdictions that had failed to demonstrate compliance with international tax transparency standards, including the United Arab Emirates and Lebanon, just had their ratings upgraded. Better get your financial and tax houses in order! More at my US tax blog post.

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16:30 07 July 2017

Obtaining EIN for Form 5472: Is ITIN Mandatory for “Responsible Party”? http://www.angloinfo.com/blogs/global/us-tax/obtaining-ein-for-form-5472-is-itin-mandatory-for-responsible-party/ In a word, NO! Good news for foreign-owned single-member US LLC's which need to file Form 5472. http://www.angloinfo.com/blogs/global/us-tax/obtaining-ein-for-form-5472-is-itin-mandatory-for-responsible-party/ In a word, NO! Good news for foreign-owned single-member US LLC's which need to file Form 5472. http://www.angloinfo.com/blogs/global/us-tax/obtaining-ein-for-form-5472-is-itin-mandatory-for-responsible-party/ In a word, NO! Good news for foreign-owned single-member US LLC's which need to file Form 5472.

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09:07 30 June 2017

Retroactivity – Yes, Tax Laws Can & Will “Set Back the Clock” http://www.angloinfo.com/blogs/global/us-tax/retroactivity-yes-tax-laws-can-will-set-back-the-clock/ Nowhere have I seen greater fear resulting from the possible retroactive application of a tax law than in the area of continued US citizenship. Retroactivity – Yes, Tax Laws Can & Will “Set Back the Clock” http://www.angloinfo.com/blogs/global/us-tax/retroactivity-yes-tax-laws-can-will-set-back-the-clock/ Nowhere have I seen greater fear resulting from the possible retroactive application of a tax law than in the area of continued US citizenship. Retroactivity – Yes, Tax Laws Can & Will “Set Back the Clock” http://www.angloinfo.com/blogs/global/us-tax/retroactivity-yes-tax-laws-can-will-set-back-the-clock/ Nowhere have I seen greater fear resulting from the possible retroactive application of a tax law than in the area of continued US citizenship.

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18:06 23 June 2017

Nina Olsen, Tenacious Bulldog, Speaks Out on Passport Revocation for Tax Debt https://www.angloinfo.com/blogs/global/us-tax/nina-olsen-tenacious-bulldog-speaks-out-on-passport-revocation-for-tax-debt/ Ms. Olsen just posted 2 fabulous articles on the Taxpayer Assistance Services (TAS) Blog dealing with passport revocation for certain tax debt. The posts are full of valuable information.

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12:14 21 May 2017

Foreign Trusts, Tax and Information Reporting – It’s Complicated! http://www.angloinfo.com/blogs/global/us-tax/foreign-trusts-tax-and-information-reporting-its-complicated/ When US persons are in any way involved in foreign (i.e., non-US) trusts, US tax filing & reporting requirements come into play. If missed, shocking penalties can result. The filing requirements are applicable in different circumstances, for example, Hindu Undivided Family (HUF) arrangements.

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10:20 11 April 2017

IRS Budget on the Chopping Block – Taxpayers Must Prepare for Greater IRS Aggression With budget cuts on the way, IRS is prepared with a new and more efficient audit strategy. Be prepared. Taxpayers who are serving as nominees especially need to be ready. http://blogs.angloinfo.com/us-tax/2017/04/10/irs-budget-on-the-chopping-block-taxpayers-must-prepare-for-greater-irs-aggression/

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04:50 23 February 2017

Treasury Refuses to Simplify FFI FATCA Reporting for Americans Abroad http://blogs.angloinfo.com/us-tax/?p=5455 Last month Treasury slammed the door on a proposal to the FATCA regulations that would help alleviate the “lock-out” of US persons from maintaining accounts at foreign banks and institutions. But the fight continues with renewed vigor.

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13:19 16 February 2017

Starting Next Month: Your US Passport Denied or Revoked for Tax Debt http://blogs.angloinfo.com/us-tax/?p=5484 The IRS is moving forward with implementation of the new rules in phases with enforcement to begin "in early 2017". I understand implementation begins next month. Given the seriousness of not having a passport, it appears that IRS is trying to give those at risk an opportunity to correct their tax situation before the sword drops.

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06:17 03 February 2017

URGENT – Clarification of EO for Dual Nationals and Green Card Holders http://blogs.angloinfo.com/us-tax/?p=5517 Get the latest information on President Trump’s travel ban. Customs and Border Patrol now has a website full of Q&As providing valuable information. Some Q&A’s addressed in my blog post, include important items for green card holders and dual nationals.

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