PRACTICE AREA
International Tax Compliance
FBAR, Foreign Account Reporting & International Information Returns
U.S. persons with foreign financial accounts, interests in foreign entities, or ownership of foreign trusts face an extensive array of annual reporting and disclosure obligations. The penalties for non-compliance can be severe — in some cases exceeding the value of the underlying asset. We help individuals and businesses understand their obligations and achieve and maintain full compliance.
Our Services Include:
FBAR (FinCEN Form 114) — preparation, filing, and compliance review
FATCA — Form 8938 (Statement of Specified Foreign Financial Assets) compliance and status determinations
Foreign entity reporting — Forms 5471 (CFCs), 5472 (foreign-owned U.S. corporations), 8865 (foreign partnerships), 8858 (foreign disregarded entities)
PFIC annual reporting — Form 8621 compliance
Foreign trust reporting — Forms 3520 and 3520-A
Foreign inheritance and gift reporting (Form 3520)
Review and analysis of U.S. federal tax returns for international issues
Ongoing compliance counseling for internationally mobile individuals and families