The IRS puts foreign account owners on alert by declaring it will close the Offshore Voluntary Disclosure Program on September 28, 2018.
The program closure comes at a time when the IRS has begun using advanced data analytics to identify non-compliant taxpayers with foreign accounts.
Do you have a 10% or more interest in a foreign corporation? If so, then you may have a repatriation tax issue on your 2017 (not 2018!) tax return.
The IRS is making headway in its legal action to uncover the identities of Bitcoin owners and owners of other virtual currencies.
We specialize in tax planning and tax return preparation services to meet the needs of individuals with cross-border tax considerations, retirees with global assets, and mobile individuals in the international community.
We assist GMTS clients with global payroll solutions, foreign assignment costs and options, home and host country tax support, tax reimbursement policy development, and a wide range of other services that benefit global employers, assignees, and mobility providers.
We help our clients develop the vision for what they want to achieve, the strategy to attain that vision, and the investment structure to transform this strategy to reality.
We create a roadmap for our clients to help them take control of their financial future and create actionable solutions to achieve their dreams.
We help clients understand their options to “clean up” their prior filings (or lack thereof) when it comes to IRS reporting of foreign income, pensions, and assets. We then work with them to prepare corrected filings and the documentation needed to take advantage of reduced offshore penalties and get back on track with the IRS.
We provide expatriation tax planning and compliance services to individuals giving up their U.S. citizenship or long-term residency.
We help businesses comply with U.S. tax filing requirements, navigate the impacts of tax reform, and minimize their global tax exposure as they continue to expand their businesses internationally.
WHO WE SERVE
Since 1983, we have assisted thousands of IO employees and retirees in navigating their complex tax compliance requirements and achieving their financial goals. We work regularly with U.S. citizens, green card holders, and G-4 visa holders employed by the World Bank, IMF, IADB, UN, and many other IOs.
We help our U.S. citizens and resident clients plan, understand, and comply with both U.S. and foreign income tax laws whether they are in the U.S. or overseas.
We provide tax return preparation, tax planning, and wealth management services to foreign nationals who have taxable income and financial assets or real estate in the U.S.
We work with all types of employers—from those contemplating their first expatriate assignment to those running an established program—to provide tax-efficient, tailored services that fit their needs. We also assist relocation management companies, immigration providers, global vendor payment companies, and destination service providers with their program support.
We work with U.S. citizens and long-term residents who wish to give up their U.S. citizenship or residency status, to help them understand the expatriation process and tax impact. We then work with them to prepare the necessary tax filings and to calculate the ultimate Exit Tax.
We assist small and closely held businesses in understanding the tax implications of international expansion, evaluating options for growth, preparing any necessary U.S. tax filings, and identifying appropriate foreign tax professionals to assist with foreign tax planning and compliance.
A member of Nexia International, a worldwide network of independent accounting and consulting firms.