Guides & Resources
In-depth guides written by a licensed Korean CPA & Tax Accountant for US citizens and green card holders navigating Korean inheritance — the tax, the deadlines, and the coordination between two jurisdictions.
Start Here
Residency status, deadlines, Korean inheritance tax, Form 706, and the Korea-US treaty — everything in one place.
US Estate Tax
Why Form 706 (not Form 3520) applies, the $15M exemption, and Form 706-CE foreign death tax credit.
The Penalty
The deduction gap that makes a US-domiciled parent's estate far more expensive on the Korean side.
Timeline
How the deadline is calculated for overseas heirs, penalties for missing it, and installment options.
Real Estate
Valuation, title transfer, and the sell-vs-hold decision for an inherited Korean apartment.
The Trap
Why Korean mutual funds and ETFs trigger punitive US tax — and why to dispose within one year.
When Debts Exceed
Full renunciation vs. limited acceptance when the Korean estate carries debt.
Tax Treaty
The income-tax-only treaty and the IRC §2014 foreign death tax credit that fills the gap.
Specific Cases
The narrow cases — Korean-citizen decedents, foreign trusts — where Form 3520 is required.
Catch-Up
Missed past US filings? The penalty-free IRS path for non-willful taxpayers.
Calculator
Step-by-step walkthrough of Korean inheritance tax math with worked examples.
Procedure
Find, claim, and wire out your deceased parent's Korean savings — entirely from the US.
Capital Gains
Korean 양도세, stepped-up basis, and how the foreign tax credit prevents double taxation.
Dual Citizenship
Why Korean residency — not citizenship — sets the deduction; planning moves dual citizens miss.
2026 Update
Current 2026 figures plus the major 2028 shift from estate-based to inheritor-based taxation.
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