U.S. EXPATS
Returns for Americans abroad
U.S. citizens and resident aliens generally report worldwide income even while living abroad. We review applicable exclusions, credits and filing rules.
Port Washington, New York
International & foreign income tax preparation.
U.S. tax returns and international information reporting for expats, foreign income, foreign accounts and cross-border ownership.
Cross-border tax preparation
Start with where you lived, earned and held assets.
International filings depend on citizenship, residency, income, accounts, entities and transactions. We review the complete facts before confirming the filing scope.
FOREIGN INCOME
Income, credits and exclusions
We report foreign wages, self-employment, investments and other income, and review whether Forms 2555 or 1116 may apply.
FOREIGN ACCOUNTS
FBAR and Form 8938
FBAR and Form 8938 are separate reporting regimes. We review account ownership, maximum values and filing thresholds to determine which reports may be required.
NONRESIDENTS
Form 1040-NR and U.S. income
We help eligible nonresident taxpayers report U.S.-source income and review treaty or residency questions that affect the return.
Foreign entity reporting
Forms 5471 and 5472 serve different purposes.
Form 5471 may apply to certain U.S. citizens or residents who are officers, directors or shareholders of a foreign corporation. Form 5472 may apply to a 25% foreign-owned U.S. corporation, a foreign-owned U.S. disregarded entity or a foreign corporation engaged in a U.S. trade or business when reportable related-party transactions exist.
These filings can carry substantial penalties when required information is missing or late. We confirm the engagement scope and fee after reviewing the ownership structure and transaction records.
Form 5471
We review foreign-corporation ownership, control, changes and financial records to identify the applicable filing categories and schedules.
Form 5472
We review foreign ownership and reportable transactions involving the U.S. reporting corporation or foreign-owned U.S. disregarded entity.
Complex structures
For specialized CFC, Subpart F, GILTI, treaty or legal questions outside the agreed return scope, we explain the issue and coordinate with appropriate counsel or a specialist when needed.
Clear pricing
A quote after we review the filing scope.
Fees depend on residency, countries, income sources, accounts, entities, ownership and the number of required forms. International filings are quoted separately from a basic individual return.
More about our pricing →International tax returns
Quoted after review
FBAR and international information returns are scoped individually.
Discuss your filing needsGetting ready
Start with the cross-border facts.
You can book a consultation before every document is available.
Residency and prior filings
Travel and residency dates, immigration status when relevant, prior U.S. returns and previous international forms or FBAR confirmations.
Income and foreign taxes
Foreign wage, business, pension, investment and rental records, plus statements showing foreign taxes paid or withheld.
Accounts and entities
Maximum account values, ownership records, entity financial statements and details of transactions with related parties.
Keep your information private.
Use our secure client portal to share tax and financial documents.
Client Portal →Careful process
Identify the filings before preparing them.
Book a consultation
Schedule a phone or office consultation. Upload relevant documents through our secure client portal before we meet.
Get a clear quote
During your consultation, we’ll review your needs and explain the services and price. You decide whether to proceed.
Review and file
We explain the filings and remaining obligations before you authorize submission.
Do U.S. citizens living abroad still file a U.S. tax return?
Generally, yes. U.S. citizens and resident aliens abroad are generally subject to U.S. tax on worldwide income. Foreign earned income exclusions or foreign tax credits may reduce double taxation when the requirements are met.
Is an FBAR part of the income tax return?
No. The FBAR is a separate electronic report filed with FinCEN. Form 8938, when required, is filed with the income tax return. The rules and asset definitions are not identical.
What is Form 5471?
Form 5471 is an information return used by certain U.S. persons who are officers, directors or shareholders of specified foreign corporations. The required schedules depend on the person’s filing category and the corporation’s activity.
What is Form 5472?
Form 5472 reports certain transactions between a reporting corporation and foreign or domestic related parties. It can also apply to a foreign-owned U.S. disregarded entity, such as a single-member LLC, even when it does not otherwise file a regular income tax return.
Can you help with a Form 1040-NR?
Yes. We review residency status and U.S.-source income before confirming whether Form 1040-NR and related state filings are appropriate.
Let’s review your cross-border filing needs.
International tax preparation for Port Washington, nearby communities and U.S. taxpayers abroad.