Cross Border

Cross-border tax services

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Our firm provides comprehensive cross-border tax planning and compliance services designed to help individuals and businesses manage the challenges of U.S. and international tax laws. Whether you are expanding into the U.S. market or managing global financial obligations, we focus on minimizing tax liabilities while ensuring full compliance across multiple jurisdictions.

Services Offered

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Tax Planning

Federal, state, and local tax planning for businesses expanding into the U.S.

This involves structuring operations to optimize tax outcomes and ensure compliance with U.S. regulations.

Business Structure

Business structure analysis

This helps companies choose the most tax-efficient and compliant legal structure for their international operations, potentially involving branches, subsidiaries, or partnerships.

International Tax Planning

Income tax planning for U.S. citizens living abroad

This service provides strategies for minimizing tax burdens, including leveraging tax treaties, claiming the foreign earned income exclusion (FEIE), and claiming the foreign tax credit (FTC) to prevent double taxation.

Tax Filings and Reporting

Annual federal tax filings including required foreign reporting

This includes filing necessary U.S. tax forms and navigating foreign asset reporting requirements like FBAR and Form 8938. Taxpayers must report foreign financial accounts exceeding $10,000 at any point during the year by filing an FBAR (FinCEN Form 114) electronically with the Financial Crimes Enforcement Network (FinCEN). Certain U.S. taxpayers must also file Form 8938, Statement of Specified Foreign Financial Assets, to report foreign financial assets exceeding certain thresholds.

Penalties for non-compliance

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The U.S. tax law imposes significant penalties for failing to file required international tax forms. For example, not filing a complete and accurate Form 5471 for a foreign corporation can result in a $10,000 penalty, plus potential additional penalties for continued failure to file. Penalties for non-compliance with FATCA and FBAR requirements can also be substantial, including monetary penalties and potential criminal charges.