Hi. Does anyone happen to know whether the American IRS is actually capable of enforcing taxes on gifts and estate transfer upon death when such are conducted between two non-resident aliens (i.e. foreign nationals living outside US) on their US brokerage accounts? I mean US brokers aren't even required to report gift transfers between relatives' brokerage accounts to the IRS, and as for the estate tax, one may simply cash out of the account of the deceased without telling anyone should he have access to it. I have found some information dating back to 2013 and the number of processed estate tax cases for non-resident aliens is infinitesimal, let alone the fact that there are not such statistics for gift tax at all. Has anything changed since then?
Has anything changed since then? Panama Papers. If you don't fall into that bracket prolly no biggie. Nonetheless a qualified tax accountant you should be asking. Not any of us fools.