A myriad of complex rules apply to foreign income derived by United States persons – 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 for U.S. persons – where significant administrative penalties can be levied by the Internal Revenue Service for non-compliance or late lodgement.
The complexities of international tax compliance can create significant challenges for those who have not been well advised or who are simply not aware of their obligations.
In today’s increasingly litigious climate protecting your family’s wealth is very important.Find out more
Employee stock ownership plans (ESOP), stock options and other similar non cash compensation plans can often become the most valuable component of an executive’s remuneration package.Find out more
The US taxation of trusts is complex especially in relation to international trust with US beneficiaries or grantors.Find out more
For Americans living and working abroad, the main issue is America’s global approach to the taxation of its citizens (or green card holders) who live abroad. Compliance challenges are even more significant given the introduction of the Foreign Account Tax Compliance Act (FATCA).Find out more
Taxpayers moving the U.S for the first time significant issues often arise in relation to the timing of U.S residency. The interaction of U.S.Find out more
Development of a multi-jurisdictional tax plan for privately held wealth by global families can have significant advantages.Find out more
We prepare the full range of U.S. personal tax and information returns.Find out more
We care. CST’s guiding philosophy is to understand and have empathy with our clients while providing specialist professional tax advice and services. If you need integrated cross border tax advice and compliance our renowned team is able to help you.
Our personal level of service ensures that whatever your requirements you are treated in a manner that recognises you for who you are. We have specialist resources that have the technical and industry knowledge to provide both professional advice and practical solutions.
Through a combination of academic qualifications and practical experience our professionals are able to provide you with guidance and solutions to a wide range of tax, business and accounting issues. Our view is that by us ‘integrating’ your home country tax issues with your arrival country tax issues you will be in a better position than working with different service providers.
Section 6048 requires US taxpayers to make an annual report...Read more
This article relates to foreign business founders with an active...Read more
In our previous article on the topic of sales tax...Read more