Personal tax compliance is an important part of modern financial life. Due to the combination of federal and state tax obligations, US personal tax laws can create significant complexities if you move and work in different places in the United States.
When it comes to foreign income derived by US persons, there are a range of complex rules that also need to be considered – such as income derived by Foreign Grantor Trusts, Grantor Trusts, Controlled Foreign Corporations and Passive Foreign Investment Companies.
In addition, the requirements of the Foreign Account Tax Compliance Act (FATCA) has made tax reporting and compliance a critical issue. Significant administrative penalties can be levied by the Internal Revenue Service for non-compliance or late lodgement.
If you are not well advised, or unaware of your obligations, the complexities of international tax compliance can create significant challenges and leave you with higher tax burdens and costly penalties. Proper advice that is customized for your situation is essential when it comes to managing your personal taxes.
SERVICES WE PROVIDE TO OUR PERSONAL TAX CLIENTS
TAX PREPARATION
We provide assistance for all your individual tax return needs. This includes preparing and lodging your Individual State and Federal tax returns, including Forms 1040 and 1040NR.
EXECUTIVE TAX AND EMPLOYEE STOCK OWNERSHIP
Our tax specialists help manage the tax impact and financial benefits of your stock ownership, so that you are not caught out with unintended tax consequences.
TRUST AND ESTATE PLANNING
Our trust and estate planning team will help ensure your beneficiaries are receiving the most beneficial outcome possible. Understand your options now and make the decisions that matter.
ASSET PROTECTION
You put the hard work into building your personal assets. That’s why an important part of personal tax services is making strategic decisions with asset protection in mind.
TAX ADVISORY
As US tax specialists with a global perspective, we will help you navigate the local and international complexities that your financial investments bring.
TAX REVIEWS
As specialists in international tax, our tax reviews are particularly important if you are moving to or departing the USA, or looking to establish a business in the USA.
WE GIVE YOU PEACE OF MIND BY MANAGING YOUR PERSONAL TAX MATTERS
Our guiding philosophy is to understand and have empathy for your situation while providing specialist professional tax advice and services. As international tax specialists our experienced team can help with your personal tax needs, including integrated cross border tax advice.
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NEWS AND UPDATES
Australians Moving to the USA: Understanding your Tax Residency when moving to the USA
4th Jul 2022
Jurate Gulbinas
As an Australian moving to the United States, it’s important to understand what this means for your tax residency status This is because your tax residency status will determine how your income...
Australians Moving to the USA: How is your Australian superannuation affected when moving to the USA?
17th May 2022
Jurate Gulbinas
If you’re moving to the United States then you’ll need to understand how tax laws apply to your current and future superannuation account You should also obtain financial advice from a...
The Five Key Requirements for Setting Up a Company in Singapore
16th Dec 2021
Jurate Gulbinas
A Singapore Company is governed by the Singapore Companies Act which is administered by the Accounting & Corporate Regulatory Authority (ACRA) There are 5 essentials that need to be covered...