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At Erblaw, we tailor our services to meet your specific needs and offer transparent pricing.

Erblaw is here to help you navigate the complexities of cross-border taxation.

International Tax

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How We Can Help:

  • Comprehensive international tax services

  • Expert guidance for cross-border tax issues

  • Assistance expanding your business abroad

  • Offshore disclosures for accounts and previously undisclosed income

  • FBAR advisory

  • FATCA regulations and compliance

  • U.S. reporting requirements of foreign trusts with U.S. beneficiaries

  • Trust and estate advisory for foreign individuals, including formation and funding of international trusts

In an increasingly globalized economy, understanding international tax regulations is critical for individuals and businesses operating abroad. Erblaw’s international tax consulting services provide the clear guidance you need to understand even the most complicated international tax laws. We specialize in helping clients manage cross-border tax issues, ensuring compliance while maximizing tax efficiency.

Navigating offshore disclosures can be complicated but is crucial for individuals and entities with foreign accounts and previously undisclosed income. The U.S. government, through the Foreign Account Tax Compliance Act (FATCA), mandates that U.S. taxpayers report their foreign financial assets if they exceed certain thresholds. This regulation aims to prevent tax evasion by U.S. citizens holding assets overseas. Compliance with FATCA involves filing Form 8938, which details specified foreign financial assets. Additionally, the Report of Foreign Bank and Financial Accounts (FBAR) is required for those with a financial interest in or signature authority over foreign accounts exceeding $10,000 at any time during the calendar year. Failure to comply with these reporting requirements can result in severe penalties, making it imperative for taxpayers to stay informed and compliant.

For U.S. beneficiaries of foreign trusts, the reporting requirements are equally stringent. The IRS requires the filing of Form 3520 to report transactions with foreign trusts and the receipt of certain foreign gifts. Moreover, Form 3520-A must be filed annually by the foreign trust to provide information about the trust, its U.S. beneficiaries, and any U.S. owners. These forms ensure transparency and compliance with U.S. tax laws, preventing the use of foreign trusts as a means of tax avoidance.

We can help you avoid penalties and ensure that your international financial dealings are fully compliant with U.S. tax laws.

Don't let international tax issues complicate your business or personal financial situation. Contact us today at (267) 227-9083 or taxgirl@erblaw.com to start your journey with Erblaw.

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