Carlos A. Somoza, JD, LL.M.

Principal, International Tax

Miami

(305) 857-6849

Overview

Carlos A. Somoza leads Kaufman Rossin’s international tax services practice. He has more than 25 years of experience in federal income, gift and estate taxation. He has served clients in the private and public industries, advising them in the areas of international taxation, estate planning, taxable acquisitions and tax-free reorganizations, IRS litigation and the related tax compliance.

Carlos provides international inbound and outbound planning for U.S. and foreign multinational corporations, including foreign tax credit planning and structuring utilizing the Entity Classification tax provisions. He provides estate planning and pre-immigration planning for foreign, high-net worth individuals. He also assists clients with Voluntary Disclosures to the IRS, as well as compliance with the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS).

Carlos is involved with Florida International University, serving as the Chair of the FIU Honors College Advisory Board. He serves as Co-Vice Chair of the Praxity North American International Tax Steering Committee. Carlos is also a member of the South Florida District Export Counsel, an organizational that compliments the U.S. Commercial Service’s export promotion efforts.

Finally, Carlos has been involved with the Miami-Dade Legal Aid “Put Something Back” program, offering legal and tax services to indigent clients. He is fluent in English and Spanish.

Education

Bachelor of Science, Accounting, Florida International University

Master of Laws, Taxation, University of Miami

Juris Doctor, University of Miami

Presentations Given

Speaker for "Mind your Money! Tax Incentives for Expanding Abroad", US-Caribbean Business Conference organized by the South Florida District Export Counsel, 2023
Speaker for "International Outbound Taxation", Florida Bar/AICPA Annual International Tax Conference Bootcamp, 2023

Moderated "Cross Border Wealth Planning - Opportunities and Pitfalls" at the Praxity North American conference in New Orleans, 2022
Speaker for "Inversion Mexicana a los Estados Unidos: Implicaciones Tributarias" to the American Chamber/Mexico, 2022
Served on panel "Expert Like a Pro", US-Caribbean Business Conference organized by the South Florida District Export Counsel, 2022
"International Outbound Taxation", Florida Bar/Florida AICPA 7th Annual International Tax Conference Boot Camp, 2022
Moderator of "Current Issues Facing Investors into the United States," Praxity North American International Tax Conference, 2021
The New Foreign Tax Credit Regime, Praxity North American International Tax Conference, 2020
Export Tax Incentives Applicable to the Aviation Industry, National Association of Credit Managers - Aviation in Ft. Lauderdale, Florida, 2020
Doing Business in Latin America, Praxity North American Tax Conference in Phoenix, AZ, 2019
Update on Outbound International Tax Compliance, Praxity North American Tax Conference in Phoenix, AZ, 2019
Doing Business in Florida, Florida Chamber of Commerce, 2019
"Global Intangible Low Taxed Income: Am I?", Praxity North American Tax Conference in Chicago, IL, 2018
"How New Tax Laws are Affecting U.S. Exporters", Export Business Forum at Florida International University, 2018
"Considerations for Privately Owned Businesses Expanding into or from the United States", United States - Mexico Chamber of Commerce, 2018
"How to Invest in the United States," Quebec-Florida Chamber of Commerce, 2018