"While some people might find it distasteful to pay taxes, I don't. I find it patriotic."
- Mark Cuban
We get international taxes, done right
International
Tax Planning
International Tax Planning involves strategizing cross-border investments and business expansions to minimize global tax liabilities while maximizing financial returns. Our experienced International Tax Advisors specialize in crafting tailored tax strategies for global investors and multinational enterprises to navigate complex global tax regulations effectively.
International
Tax Preparation
Our global CPA firm specializes in international tax preparation, trusted by over 14,000 clients for income tax return services. Let us guide you through US tax returns and foreign information return preparation, ensuring compliance with pertinent local and global tax regulations.
International
Tax Representation
If your tax return is selected to undergo a governmental tax audit, we can represent you during the audit, appeals, and collection proceedings. We will assist you in compiling requested documents, attend meetings on your behalf, and devise a global tax strategy to safeguard your interests throughout the audit process.
International Tax Services
Unlock unparalleled international tax solutions tailored to global individuals, families, and multinational companies with our comprehensive suite of global tax services. Whether you're an expatriate seeking guidance on foreign income taxation or a multinational corporation navigating complex cross-border transactions, our expert team is here to optimize your tax strategy. Benefit from our decades of tax experience and ensure compliance with global tax regulations while minimizing your tax liability. Trust in us to streamline your international tax journey and secure your financial future.
International Tax Planning
We help you plan your international investments and global business expansions in a way that minimizes your worldwide tax liability and maximizes your return on investment. Our global Tax Advisors have years of global tax experience helping global investors and multinational companies achieve maximum tax efficiency. Our international tax planning minimizes taxation impacts on cross-border operations, aiming to enhance investment returns while maintaining your competitive edge. Trust us to craft and implement effective tax strategies, securing your financial success in the international arena while complying with transfer pricing and other international tax rules.
International Tax Compliance Services
With our specialized global tax compliance services, you can navigate the complexities of global tax laws with ease. Our dedicated tax team assists individuals and multinational corporations in ensuring compliance with global tax regulations. Our international tax team ensures compliance with global tax reform across multiple jurisdictions while considering tax aspects relevant to global trade. We help you navigate the complexities of international taxation with confidence and peace of mind. International tax compliance services encompass a range of offerings aimed at assisting individuals and businesses in fulfilling their global tax obligations.
International Tax Preparation
In an era of globalization, navigating cross-border transactions and investments entails intricate international tax obligations. International tax preparation services are indispensable in guiding entities and individuals through these complexities, ensuring adherence to diverse tax laws and regulations. Explore how these services provide invaluable support in managing international tax complexities, safeguarding against risks, and optimizing financial strategies for cross-border endeavors. As the premier international tax preparation CPA firm in the US, we have earned the trust of over 14,000 clients for the complete preparation of federal and state income tax returns. You can trust your tax preparation needs to us.
International Tax Entity Structuring
Optimize your global business expansion with our Global Tax Entity Structuring services, designed to help you select the most tax-efficient structure for your global operations and investments. Our international tax expert team considers your business goals and objectives, financial status, and jurisdictional risks to recommend the ideal solution. Given the ever-changing landscape of cross-border tax laws, choosing the right structure is paramount for minimizing your taxes. With our continuous analysis and up-to-date knowledge of international tax laws, we provide tailored solutions to ensure your tax efficiency and compliance across jurisdictions. We can help you with legal entity rationalization.
U.S. Inbound Tax Planning and Compliance
For inbound transactions involving foreign individuals or businesses investing or operating in the United States, careful tax planning is essential to mitigate potential global tax implications. Our services focus on minimizing tax liabilities and ensuring compliance with global tax laws, transfer pricing and regulations. Whether you're an individual or company with activities in the US, we offer tailored solutions to optimize your tax outcomes and navigate complex tax obligations. From leveraging tax treaties to strategic investment structuring and managing transfer pricing, we help you minimize your tax liability while meeting regulatory requirements across jurisdictions.
U.S. Outbound Tax Planning and Compliance
For outbound transactions involving US taxpayers investing or conducting business abroad, meticulous international tax planning is crucial to minimize global tax implications. Whether you're an individual or company with income generated outside the US, we offer tailored solutions to mitigate your worldwide tax liability and ensure compliance with foreign tax laws, transfer pricing and international regulations. Outbound tax compliance encompasses declaring all foreign income and losses on federal and state tax returns as well as reporting foreign assets. With decades of experience, H&CO provides invaluable guidance to navigate complex outbound tax compliance issues.
International Tax Treaty Services
Unlock the benefits of US tax treaties with our International Tax Treaty Services. Cross border tax treaties offer opportunities to minimize your global tax liability by reducing tax rates or providing exemptions on certain income sourced from other countries. Our experts understand the complexities of tax treaties and can help you navigate their impact on your international activities. By staying updated on tax treaty developments and offering tailored guidance, we empower you to mitigate double taxation and optimize your global tax effectiveness. By understanding the impact of tax treaties, you can mitigate double taxation on worldwide income and minimize your global tax effective rate.
Expat Tax Planning and Compliance
If you're a US person residing abroad, we'll assist you in minimizing your tax liabilities and ensuring adherence to US tax laws and regulations. Whether you're living in the United States or working abroad, you're subject to tax on worldwide income and must file your tax return annually if your income surpasses the filing threshold. Benefit from special tax advantages for Americans living abroad, such as the foreign earned income exclusion and foreign tax credits, by filing a U.S. return. Dive into our guide to Expat Tax Planning & Compliance, designed to equip you with essential strategies to minimize your worldwide taxes.
International IRS Tax Audit Representation
Facing an international IRS tax audit can be intimidating due to the complex international tax regulations. If you've received an audit notice, professional representation becomes crucial. Our experts possess in-depth knowledge of cross-border tax legislation, guiding you through the audit process and advocating for your interests. From compiling requested documents to attending meetings with tax authorities on your behalf, we develop a strategic tax defense to protect your tax position throughout. Trust in our top-rated tax professionals to navigate the complexities and alleviate the stress of a global tax audit, ensuring compliance and protecting your rights.
QUESTIONS & ANSWERS
INTERNATIONAL TAX SERVICES
What is the difference between US corporations and foreign corporations?
The primary difference between the US taxation of domestic corporations and foreign corporations is that domestic corporations are subject to US tax on their worldwide income. In contrast, foreign corporations are only subject to US tax on their US-source income. This means that foreign corporations may be able to reduce their overall tax liability by structuring their affairs so that they have more foreign-source income than US-source income. It is important to point out that US corporations file form 1120, US Corporation Income Tax Return while foreign corporations file Form 1120-F, U.S. Income Tax Return of a Foreign Corporation.
What is Form 1120-F?
Form 1120-F is the form used by foreign corporations to file their US income tax returns. Foreign corporations use Form 1120-F to report their US income, gains, losses, deductions, credits, and to figure out their U.S. income tax liability. Yes, a foreign corporation that is engaged in a US trade or business at any time during the year must file a US tax return. Foreign corporations are required to pay taxes on US source income and effectively connected income on their US trade. By filing their US income tax return, foreign corporations ensure their compliance with US tax laws, avoiding any tax penalties on international trade.
What is the difference between a resident individual and a nonresident individual for tax purposes?
A resident alien for tax purposes is an individual who is a citizen of the United States or who is a legal permanent resident of the United States. A nonresident alien for tax purposes is an individual who is not a legal permanent resident of the United States and who meets neither the green card test nor the substance present test. Resident individuals are taxed on their worldwide income while nonresident individuals are only taxed on their income from sources within the United States. Resident individuals file Form 1040 US income tax return, while nonresident individuals file Form 1040-NR.
What is Form 1040-NR?
Form 1040-NR is the nonresident alien income tax return used by foreign individuals who earn income in the United States or who engage in business in the U.S. but who do not meet the criteria to be considered a resident alien for tax purposes. Form 1040-NR is the nonresident alien income tax return required to file with the Internal Revenue Service. The IRS estimates that taxpayers spend an average of eight hours filling out this form. While instructions for this form are relatively simple, there are more than 30 pages of instructions that apply specifically to international individuals and there are various cross border tax laws that apply specifically to foreign individuals. For this reason, many foreign individuals seek professional guidance, so they can minimize their income tax liability while being in compliance with cross border tax laws.
What is the Foreign Tax Credit?
The foreign tax credit (FTC) is a tax credit offered by the IRs to American taxpayers who pay income taxes to a foreign country on foreign-sourced income. The purpose of the foreign tax credit is to mitigate the double taxation that can occur when income is taxed by both the foreign country and the United States. Taxpayers can use the FTC to offset their U.S. tax liability dollar for dollar, up to the amount of foreign taxes paid on the same income.
