Who are we?
We are an international tax firm specializing in serving American Expatriates. We have 20 years of experience and offer competent, reliable and confidential services in International Taxation. If you are a US citizen or deemed resident alien, the rules for filing an income, estate or gift tax return, and paying Estimated Taxes, are generally the same whether you reside in the United States or abroad. You must report worldwide income regardless of residence.
What is International Taxation?
Americans abroad also have unique filing requirements mandated by the Internal Revenue Service. Besides reporting worldwide income, the maintenance of foreign financial accounts or investments in foreign entities can mean filing certain information returns.
What are these forms and returns?
Forms for the Foreign Earned Income Exclusion, Foreign Tax Credit, the Alternative Minimum Tax Foreign Tax Credit or the Foreign Account Tax Compliance Act (FATCA) may also have to be included in the income tax return.
Accompanying the tax return may include tedious information returns if invested in a Foreign Corporation, Foreign Partnership, Foreign Trust, or Passive Foreign Investment Company (PFIC), amongst others. A separate filing may also be essential for the Foreign Banking Account Report (FBAR).
What if I don't comply?
The IRS has treaties with over 200 countries for sharing tax
information. The Service also has in place many Confiscatory penalties.
Is there any alternative to avoid filing?
In certain circumstances, Americans who have established themselves abroad and whose center of economic activity is in a foreign country may opt to expatriate rather than to annually file returns with the IRS. Increasingly American citizens, deemed residents and green card holders are opting out of the system. The Expatriation Process can be tedious but not untenable.
We are an international tax firm specializing in serving American Expatriates. We have 20 years of experience and offer competent, reliable and confidential services in International Taxation. If you are a US citizen or deemed resident alien, the rules for filing an income, estate or gift tax return, and paying Estimated Taxes, are generally the same whether you reside in the United States or abroad. You must report worldwide income regardless of residence.
What is International Taxation?
Americans abroad also have unique filing requirements mandated by the Internal Revenue Service. Besides reporting worldwide income, the maintenance of foreign financial accounts or investments in foreign entities can mean filing certain information returns.
What are these forms and returns?
Forms for the Foreign Earned Income Exclusion, Foreign Tax Credit, the Alternative Minimum Tax Foreign Tax Credit or the Foreign Account Tax Compliance Act (FATCA) may also have to be included in the income tax return.
Accompanying the tax return may include tedious information returns if invested in a Foreign Corporation, Foreign Partnership, Foreign Trust, or Passive Foreign Investment Company (PFIC), amongst others. A separate filing may also be essential for the Foreign Banking Account Report (FBAR).
What if I don't comply?
The IRS has treaties with over 200 countries for sharing tax
information. The Service also has in place many Confiscatory penalties.
Is there any alternative to avoid filing?
In certain circumstances, Americans who have established themselves abroad and whose center of economic activity is in a foreign country may opt to expatriate rather than to annually file returns with the IRS. Increasingly American citizens, deemed residents and green card holders are opting out of the system. The Expatriation Process can be tedious but not untenable.