International

 

IT’S NOT FOREIGN TO US “

With our assistance, the international tax code will no longer seem like a foreign language!
Companies and individuals pursuing international opportunities face an array of international tax planning and compliance challenges. We will keep you abreast of the ever-increasing tax, legislative, and regulatory developments that affect you and your business.

Individual International Tax Services

  • Comprehensive tax planning, including the analysis of foreign tax credits, income tax treaties, foreign earned income exclusion, expatriation, residency elections, and dual-residency filing
  • Pre-immigration and expatriation planning
  • Compensation planning to minimize U.S. income
  • U.S. permanent residents living abroad
  • Foreign nationals residing in the U.S.
  • Foreign investments in the U.S.
  • Recipient of foreign gifts and inheritance

 

International Tax Services

U.S. Taxation

U.S. citizens and residents living and working in foreign countries face significant tax implications. We can help assess your tax obligations, foreign tax credits, and foreign earned income exclusions and navigate foreign tax treaties and requirements as they pertain to U.S. self-employment, Social Security, and Medicare taxes. Let us help you minimize your tax obligation.

Tax Services for Foreign Nationals
U.S. taxation of foreign nationals (citizen or national of a country other than the U.S.) can be quite complicated. This is especially true for a foreign national who relocates to the U.S. or earns income from U.S. sources.

U.S. Foreign Reporting
U.S. citizens living and working in foreign countries face significant tax implications. We can help assess your tax obligations, foreign tax credits, and foreign earned income exclusions and navigate foreign tax treaties and requirements as they pertain to U.S. self-employment, Social Security, and Medicare taxes. Let us help you minimize your tax obligation.

FBAR and FATCA Reporting
U.S. citizens living and working in foreign countries face significant tax implications. We can help assess your tax obligations, foreign tax credits, and foreign earned income exclusions and navigate foreign tax treaties and requirements as they pertain to U.S. self-employment, Social Security, and Medicare taxes. Let us help you minimize your tax obligation.

IRS and State/Local Representation
We know the tax laws, we have years of experience dealing with tax authorities, and we know how your tax return was prepared. We can provide complete representation services before the IRS as well as state and local taxing authorities.

Entity Structure Analysis
When structuring your international operations, your choice of entity is one of the most important tax planning decision you will make, from both a U.S. and foreign country perspective. Legal, tax, and operational considerations must be taken into account. However, there can also be a significant reduction in overall tax liability.

Income Tax Treaty Planning
Tax treaties play a large role in international tax planning success. The US has tax treaties with a number of foreign countries. Under these treaties, reduced tax rates and exemptions exist. We can assist you in ensuring that your tax burden is minimized. Proper analysis can reduce withholding taxes, permanent establishment exposure, and repatriation of funds, among others.

Foreign Tax Credit Planning & Reporting
The foreign tax credit is intended to reduce the double tax burden that arises when foreign-source income is taxed by both the US and the foreign country from which the income is derived. We can assist in determining whether you qualify for specific credits and ensure that your taxes are properly filed. It is imperative that proper planning be incorporated in order to assure that you are receiving the maximum credit you are entitled to.

Financial Accounts Outside the United States

U.S. taxpayers, whether a resident for tax purposes, a permanent resident or a citizen, are required by law to report all gross income from foreign sources on their U.S. tax return.  It doesn’t make any difference where you live or whether you have to file a tax return in another country.

FinCEN 114 / FBAR

You are also required, if you cross a certain threshold of an aggregate balance in your foreign financial accounts, to file an annual disclosure report with FinCEN. The report is called the FinCEN 114, commonly known as an FBAR. The disclosure must be electronically filed using the FinCEN filing system.https://bsaefiling.fincen.treas.gov/main.html

Form 8938, the FATCA Form

In addition to the FinCEN 114, you may also have a requirement to disclose certain foreign assets with your tax return using Form 8938. The rules and regulations for Form 8938 often reports the same accounts, but has additional information or supplemental forms depending upon the type of foreign assets you own.https://www.irs.gov/pub/irs-pdf/i8938.pdf