U.S. Resident with Business Abroad?
Compliance for US investors with operations abroad can be cumbersome and stressful. Not only are there a host of forms that are required for foreign subsidiaries, partnerships and branches, but failure to file can lead to some serious penalties. On the upside, there are a many opportunities to save taxes when operating abroad, so don’t lose out.
Let us take the stress off your plate and help you save taxes along the way. We help our clients with the following:
- Tax compliance for foreign corporations (Forms 5471, 8858, 8865 etc.)
- Foreign Bank Account & Financial Asset Reporting (FBAR)
- GILTI calculations, reporting & mitigation
- Foreign tax credits
- Tax modelling and structure optimization
- Foreign Earned Income Exclusion for expats
- Streamlined Filing Compliance Procedures
Non Resident with Business in the U.S. ?
Non-US residents are subject to U.S. tax in two scenarios.
First, if you have income which is “effectively connected with a US trade or business”, you have to file a U.S. tax return and potentially pay U.S. tax. Second, if you have U.S. source “non-business income” such as dividends, royalties, interest, then you likely have to file a U.S. tax return and pay U.S. tax. That’s the bad news.
The good news is that there are a variety of ways to mitigate taxes, such the use of foreign tax treaties and ensuring you are structured correctly from a tax and operational perspective.
Sounds complicated, and it is, but we are here to help.