International Tax Services
Panache Financial Solutions, LLC specializes in crafting customized strategies to reduce tax liabilities for multinational corporations and U.S. citizens working abroad. As an experienced international tax CPA firm, we stay updated on the latest tax laws affecting businesses operating globally and expatriates. Our commitment is to thoroughly understand your business, assess your tax obligations meticulously, and prevent unnecessary overpayment.
For individuals employed overseas, we invite you to rely on us for your tax planning and preparation needs. Navigating the complexities of international tax laws, we guarantee compliance with both federal and state tax regulations, safeguarding you from penalties and potential audit risks.
Led by our esteemed founder, Viraj Patel, CPA, the Panache Financial Solutions, LLC team brings substantial experience in delivering exceptional international tax planning and compliance services to foreign business owners and investors. We recognize the crucial role of effective tax planning in achieving success and optimizing financial outcomes in the international business arena.
Technical International Tax Services
Tax Preparation and Planning for U.S. Inbound and Outbound Businesses:
Involves the meticulous preparation of tax returns and strategic planning for businesses engaging in international activities, considering IRS regulations for inbound (foreign entities operating in the U.S.) and outbound (U.S. entities operating abroad) transactions.
International Tax Treaty Analysis:
The systematic evaluation of bilateral tax treaties between the U.S. and other countries. This analysis includes scrutinizing provisions related to the allocation of taxing rights, prevention of double taxation, and specific rules governing various types of income.
Foreign Investment in the U.S. Real Estate and Financial Markets:
Encompasses navigating tax regulations, such as FIRPTA (Foreign Investment in Real Property Tax Act) for real estate investments, and relevant provisions under Subchapter N for foreign corporations investing in U.S. financial markets.
International Tax Withholding and Reporting Regulations:
Involves adherence to IRS rules governing the withholding of taxes on income paid to foreign individuals or entities (Section 1441) and complying with reporting regulations, including those outlined in Sections 6050W and 1474.
Tax Compliance Management for Individuals:
Comprehensive management of tax compliance for individuals, covering adherence to various IRS code sections related to filing requirements, reporting obligations, and other regulations governing individual tax responsibilities.
Foreign Bank Account and Asset Reporting (FBAR and FATCA):
Compliance with reporting requirements under FBAR (Report of Foreign Bank and Financial Accounts) and FATCA (Foreign Account Tax Compliance Act). These regulations mandate reporting foreign financial accounts and assets to the U.S. government.
Tax Preparation and Planning for Expatriate and Inpatriate Individuals:
Involves the detailed preparation of tax returns and strategic planning for individuals temporarily or permanently residing outside (expatriates) or coming into (inpatriates) the U.S. This includes considerations under Sections 911, 901, and 877A.
Foreign Income Exclusion:
The application of IRS Section 911, allowing eligible U.S. taxpayers residing abroad to exclude a specified amount of foreign-earned income from their taxable income.
Foreign Tax Credit Optimization:
Strategic optimization of Foreign Tax Credits, as outlined in Sections 901 and 902, to maximize their utilization for offsetting U.S. tax liability with taxes paid to foreign governments.
Irrespective of your specific needs, we are committed to devising a personalized tax plan for you, presented in a clear and understandable manner. Feel free to contact us at 404-539-0573 to explore our international tax services tailored for both domestic and foreign businesses, as well as expatriates.