Expanding markets have led to global opportunities for businesses; the tax consequences of international activities are often misunderstood. In this webinar, we will introduce the most common concepts and concerns for businesses in this realm, looking at both foreign entities entering the United States and United States entities operating overseas. Coverage will include how foreign entities are classified for tax purposes, activities which make foreign entities subject to United States tax, United States rules for taxing international activities, modifications made by the Tax Cut and Jobs Act, and forms commonly used for international business activities.
Patrick is a principal and attorney at Drucker & Scaccetti (D&S) who focuses on international taxation and related issues for domestic businesses and individuals. He has extensive experience in handling complex tax planning and tax controversy issues as well as the design, drafting and implementation of estate and gifting plans for American citizens and residents with foreign assets. He also helps clients with retroactive disclosures and assessments related to international assets.
Prior to joining D&S, Patrick was an attorney at a New Jersey-based law firm, where he created, developed and led its international practice. He worked on complex foreign estates, qualified domestic trusts and corporate/partnership planning for foreign entities.
Patrick holds a bachelor’s degree from Rider University, where he graduated magna cum laud, a law degree from Vanderbilt University Law School and a Master’s in Taxation from New York University School of Law. His bar admissions include Pennsylvania, Florida, New Jersey and Georgia.
Patrick has been published in numerous journals and publications including Tax Notes International, Journal of International Taxation, Estate Planning and New Jersey Law Journal. He is a regular presenter and panelist for national seminars and webinars through Strafford and the Knowledge Group, and locally though the New Jersey Institute for Continuing Legal Education.
Each year from 2016-2018, Patrick was recognized by Super Lawyers as a Rising Star, and Finance Monthlynamed him Estate Planning Lawyer of the Year (United States) in 2017 and 2018. Patrick and his wife reside in New Jersey.