Who's Who and How They're Taxed

To appreciate how harsh HEART (Heroes Earning Assistance and Relief Tax Act) can be for expatriates and their beneficiaries, we first must truly understand the application of federal estate and gift tax rules for U.S. citizens, U.S. residents, and U.S. non-resident aliens (NRA). A resident, for federal estate tax (FET) purposes, is an individual who is domiciled in the United States, that is to say,