International Tax is ALL We Do
Unreported Foreign Income, Accounts, or Assets
When a person is considered a US Person, such as a US Citizen, Lawful Permanent Resident, or Foreign National who meets the substantial presence test, they have various international tax and reporting requirements (FBAR, FATCA, 3520, 5471). Failure-to-report may result in fines and penalties. Taxpayers who are out of compliance may qualify for IRS Offshore Amnesty.
Expats with Unreported Foreign Money and Assets
For US Citizens and Residents who reside outside of the United States, they are still considered US Persons for tax and reporting purposes. For Taxpayers who have failed to report foreign assets, investments, and income, they can still qualify for IRS international tax amnesty even if they reside abroad.
Late-Filed International Reporting Forms and Penalty Relief
If a Taxpayer missed reporting overseas accounts or assets, they may get assessed significant fines and penalties (usually on a CP15). Or, the Taxpayer may be under IRS civil or criminal investigation and/or subject to examination. Our international tax and legal team can assist Taxpayers with getting into compliance.