US Domiciled returning to UK

Colin1980

Morning all,

Not my area of expertise.
We have a client currently working in USA and is returning to UK for work reasons whilst working for the same company.
At present he is US Domiciled and most likely he will be UK resident this tax year.

Recently had a joint Endowment mature in the UK. Does anyone know if this is likely need to be reported for his US tax filing too?

Thanks

Colin

parawhat

From the little I know about the US tax system, probably!!

Dealing with US clients is so fraught with complications it's not worth touching it unless you stipulate the client uses a tax expert who specialises in US tax. Even then, I'd double check with your PI insurer exactly what you can and can't do. We've used these guys before: https://www.ustaxfs.com/us-american-tax-specialist-in-the-uk-we-help-with-over-500-irs-forms/?mh_keyword=us tax and financial&gclid=Cj0KCQjwhvf6BRCkARIsAGl1GGh8vR5a_tvmjLXLsTdSDjF2JzJfTI1aTbeBguNind4u-twIUSa6oXoaAsvLEALw_wcB