International Tax Services
Visit our International Tax Blog for an in-depth look at a variety of international tax topics.
Whether you are an individual or a business, it is critical that you understand the complex U.S. tax and disclosure rules that pertain to foreign investments and transactions.
Sciarabba Walker has assisted both individuals and businesses with tax reporting issues related to the ownership of foreign assets, receipt of income from abroad, and foreign financial transactions. Our International Tax Group is knowledgeable and up to date with the latest rules and regulations in this area. Some of the areas of expertise include:
Businesses and Business owners
- Consulting for international business expansion
- U.S. employees working abroad
- Foreign employees and independent contractors
- Foreign owners and investors
- ECTI withholding for foreign partners or LLC members
- FDAP withholdings for payments to foreign persons
- FBAR filing requirements
- Treaty benefits
- Controlled foreign corporations
- Transfer pricing issues
- Foreign tax credits
- Disclosures related to ownership in a foreign corporation
- Disclosures related to transactions with affiliated foreign corporations
Individuals
- Professors on sabbatical leave overseas
- Foreign individuals working in the U.S.
- U.S. residents with foreign investments
- Ownership of real property in a foreign county
- Receipt of foreign inheritance
- FBAR filing requirements
- Treaty benefits
- Sale of U.S. real estate by nonresident alien
- PFIC tax and reporting issues
- Income tax reporting of worldwide income
- Estate planning for noncitizen spouses
- Nonresident alien estates
- Expatriation
- U.S. citizens living in a foreign country
We are a proud member of PrimeGlobal, one of the five largest associations of independent accounting firms in the world. Through our PrimeGlobal membership, we can refer you to reputable accounting firms throughout the globe should you need tax advice or have filing requirements in a foreign county.
PrimeGlobal even offers a series of comprehensive guides to doing business in numerous countries around the world, free of charge to the public! You can view these guides over on the PrimeGlobal site.
If you have any issues or concerns in the above areas, please contact the International Tax Group at Sciarabba Walker for expert guidance.
Recent International Tax Blogs
Global Intangible Low-Taxed Income: A Shiny New Tool in the IRS Toolbox
This article was originally published in the Central New York Business Journal. Congress passes the tax laws, the Treasury Department collects the tax revenues, and the IRS oversees the reporting and collection process. The Tax Cuts and Jobs Act (TCJA) of 2017 added a...
IRS Issues Proposed FDII Regulations
We recently posted a blog about foreign derived intangible income (FDII), a new deduction for certain domestic corporations. Since then, the IRS has issued proposed regulations for FDII under Section 250 of the Internal Revenue Code. According to the IRS, "The...
Important Due Dates for Foreign-Related Tax Forms
International tax forms sometimes have separate due dates that do not coincide with the most well-known deadline, April 15. It is important to be aware of these other due dates, as they can carry substantial late filing penalties. Here are a few international-related...