Tax Compliance Services
Our law firm advises and assists various international clients, including professional trustees and foreign trust settlors and beneficiaries, foreign sellers of United States real property interests, and executors of the estates of nonresident alien decedents on a variety of United States tax reporting issues. Our work in this area has included:
- Providing forensic review and analysis of foreign account financial statements and other financial and holding company investment information in order to assist the client’s United States accountants in their preparation of appropriate income tax and informational returns.
- Preparation of reporting forms such as the Report of Foreign Bank and Financial Accounts (Form TD F 90-22.1 – FBAR), Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts (IRS Form 3520), Annual Information Return of Foreign Trust With a United States Owner (IRS Form 3520-A), Foreign Trust Beneficiary Statements, and other forms directly related to the foreign trust structure and/or foreign investments.
- Preparation of Reporting and Paying Tax on U.S. Real Property Interests (IRS Forms 8288 and 8288-A).
- When appropriate, preparation of United States Estate (and Generation-Skipping Transfer) Tax Return for Estate of nonresident not a citizen of the United States (IRS Form 706-NA).
We coordinate efforts with quality certified public accounting firms which operate locally, nationally and internationally to meet the needs of our clients.