WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used in all-cash purchases of residential real estate. These renewed GTOs are identical to the November 2019 GTOs. The purchase amount threshold remains $300,000 for each covered metropolitan area.Continue reading »
We operate with a global mission to timely educate and assist domestic and foreigner taxpayers and their advisors on U.S. tax issues, strategies, planning opportunities, and reporting responsibilities.
We have over 40 years experience in domestic and international tax planning.
Mary Vigal, Tax Attorney
The Condado Group LLC
Ms. Vigal is a tax attorney with the Condado Group LLC, and works as a tax advisor and consultant with other professional firms on a collaboration basis to assist their clients.
She is based in Illahee, Washington, but works with advisors and their clients worldwide.Read more >>
206 521 2759
1420 5th Avenue Suite #2200
Seattle WA 98101
The Condado Group LLC is a consulting firm and provides domestic and international tax and business advice.
Ms. Vigal works by private referral only.
Tax laws are changing in 2021 - Stay up to date on what you can do to help your overall income or estate tax result.
Tax treaties, Tax deferred exchanges and sales; Charitable donations.
Delaware Amendment Permits LLC DivisionsAug 1st 2018 New Rules
On August 1, 2018, a new Section, 18-217 was added to the Delaware Limited Liability Company Act, permitting a single Delaware LLC to divide into two or more Delaware LLCs. The original dividing LLC can continue to exist or terminate as part of the division.
A statutory division can be useful for several purposes including spinning off or selling a line of business.
A Limited Liability Company (LLC) allows business owners to achieve limited liability for debts of the business while being taxed on a relatively unrestricted pass-through basis. LLC property and LLC interests themselves usually cannot be directly seized or attached by creditors of debtor members. The creditors are limited to a “charging order” issued by a court requiring the LLC to divert payments from the debtor member to the creditor.Continue reading »
The IRS finalized regulations in December of 2016 that require all foreign owners of single member LLCs to file an annual information return with the IRS. A single member LLC is an LLC owned by one person or entity, or by a husband and wife. Until now, the ownership of the LLC itself did not have to report.Continue reading »
The Condado Group LLC has solutions for the foreign owner of a U.S. LLC.
If the choice is to file form 5472 and get a tax id from the IRS, Condado can help.
If the choice is to first find out what the tax planning options are available, Condado Group encourages all foreign clients with single member LLCs to get an advisory tax planning letter.Contact Mary Vigal
Mary Vigal frequently speaks at domestic and international venues on wealth preservation, tax and estate planning, and has numerous published articles in her areas of expertise. Examples of previous events can be found below.
Important Planning Documents Everyone Should Consider as You Grow OlderVisit the American Bar Association (ABA) >>
New Strategies for Retirement Planning and Preventing Elder Abuse in the New EconomyWatch webinar on the ABA website >>
Estate Planning and Asset Protection for Foreign NationalsView PDF presentation >>
2016: What you Don’t Know Has Changed Can Hurt You!View PDF presentation >>
Income Tax Update & Strategies for CRE Brokers and OwnersView PDF presentation >>
Helping Investment Property Brokers, Save Time and Make More MoneyView PDF presentation >>
If you would like some advice on your personal tax position, we are available to review your situation and answer any questions you may have for $325 US Dollars per hour. Before any consultation can be made you will need to purchase hours. Please use the button below.