Federal Estate Tax

Assets held by Irish individuals which are located in the US are subject to US Federal Estate Tax when passing on death. The US tax rules distinguish between citizens, green card holders, and non-resident aliens, with different filing thresholds and compliance obligations depending on which category applies. There are strict time limits as the pay and file deadline is only 9 months after the date of death.  

O’Hanlon Tax provides specialist advice to Irish residents who hold US or are dealing with US situated assets. We assist executors and beneficiaries in determining whether a US estate tax return is required, preparing Form 706 or Form 706-NA where applicable, and compiling the necessary supporting documentation. For estates below the filing threshold, we can prepare sworn affidavits to confirm exemption and secure the release of US assets.