Tag: W8 BEN-E
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The legal basis for a 402(b) Overseas Retirement Plan
A Nonqualified overseas retirement plan has characteristics that are opposite of what we have all been used to. This specific 402(b), the Regulated Asset Protection Structure (RAPS), allows for pre-tax contributions. There are no maximum contribution limits as this is a nonqualified deferred compensation tax law issue. The fact that this is precisely the opposite…
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The Foreign Account Tax Compliance Act (FATCA) DROP DEAD DATE
The whole thing to do with FATCA is starting to build a tidal wave of interest now that most people understand that 1 July is the drop dead date. [quote style=”boxed”]Would you like to guess as to what is treated as an exempt entity?[/quote] This is explicitly for pension funds as exempt beneficial owners and…