Taxation – Individuals

Tax Preparation

We prefer to take a proactive vs. reactive approach to tax services.

By keeping current on new tax laws and regulations, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that is required throughout the year. Our significant investment in computerized tax preparation and research software enables us to accurately and efficiently prepare all tax returns required by the IRS, Treasury Department, and all 50 States. Tax services offered include but are not limited to:

Individual tax returns – preparation of IRS forms including:

• 1040 US individual income tax return.
• 706 US Estate Tax Return
• 709 US gift tax return
• We recognize that tax preparation does not end on April 15th. That is why our tax experts work year-round to be sure that we are available to you at all times of the year. We specialize in complex tax matters, preparing returns for both businesses and individuals.

Tax Planning

Tax planning is the key to successfully mitigating your overall tax liability.

Professionally and accurately prepared federal, state, local, and international tax returns are necessary to take advantage of the conceptual tax planning strategies developed during the year. We continuously monitor all tax law changes to allow our clients to minimize current and future tax liabilities. Our significant investment in tax preparation and research software enables us to efficiently prepare accurate federal, state, and local tax returns for individuals as well as for estates, gifts, and trusts at competitive, affordable rates.

INTERNATIONAL

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
• Residency Status
• U.S. Citizens and Resident Aliens Abroad – Where and When to File and Pay
• Social Security Number and Card
• How Can I Find My Individual Taxpayer Identification Number?
• Unused ITINS to Expire After Five Years

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 (citizens or nationals 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 decisions you will make, from both the 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 is incorporated in order to assure that you are receiving the maximum credit you are entitled to.

 

AUDIT

Our experts will handle all the aspects related to IRS audit, such as :

• All correspondence with the IRS
• Assistance and guidance with the organization of your records
• Meetings with you prior to the audit
• Meetings with IRS agent and with agent’s supervisor, if necessary

Research and review