Let our experienced tax professionals help you and your family with your Outbound Tax needs by implementing strategies and structuring transactions to enhance your tax savings. We look at every family’s case individually, understanding their financial background and goals, so that we can best tailor our services to their specific needs. Failure to report foreign assets by U.S. citizens and residents can be subject to horrendous penalties.
Our team of experts can assist you in navigating through the Outbound Tax complexities with the following:
- Detailed tax planning for U.S. citizens and residents living abroad that includes foreign earned income exclusion, foreign tax credits, foreign gifts, income tax treaties, expatriation or residency termination
- Timely preparation of U.S. Federal and State Income tax returns along with international information reporting requirements such as Forms FinCEN 114, 3520, 3520-A, 5471, 8621, 8858, 8865, 8938, etc. to ensure full compliance with U.S. tax laws and regulations
- Issues with controlled foreign corporations (CFCs), controlled foreign partnerships, and passive foreign investment companies (PFICs)
- Assistance with unfiled income tax returns or unreported foreign assets
- Advise U.S. citizens and residents on tax consequences of expatriation or green card relinquishment. Preparation of initial and annual expatriation statement.