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Foreign Tax Compliance and Planning for Businesses and Individuals

Foreign Corporate Tax CPA Firm

Over the past few decades, policy and technological developments have spurred increases in overseas activity, cross-border trade, and expansion into new territories outside the United States. At Newburg & Company, we have the resources and expertise to advise business clients and individuals with their international tax planning and compliance needs. These can be exciting times for our clients with great opportunities, however, sorting through the new tax compliance they face may be complicated.  We have the expertise and resources to guide our clients through these issues and assist with periodic planning to take advantage of tax opportunities.

Our international tax compliance and planning services include:

Foreign Corporate Tax Compliance

  • Filing U.S. income tax returns for foreign corporations (Form 1120-F)
  • Foreign Bank Account Reporting (FBAR Form 114 and 8938)
  • Review and analysis of applicable tax treaties
  • Reporting disclosure information for foreign company activities
  • Analyzing activities and planning to minimize Subpart F income reporting and taxation
  • Foreign disclosure reporting of foreign owners
  • Determining and assisting with U.S. withholding requirements of foreign owners
  • Transfer pricing review and recommendations
  • BDO alliance firm resources to assist with compliance in foreign territories

Expatriate & Individual Foreign Reporting

  • Filing requisite US individual Foreign Earned Income Forms (Form 2555), Foreign Tax Credit (Form 1116), and other related foreign forms depending on your situation
  • Analyzing expatriate tax benefits to yield the most advantageous position including foreign tax credits, foreign income exclusions and housing allowance benefits/exclusions
  • Foreign Bank Account Reporting (FBAR Form 114 and 8938)
  • IRS streamlined filing compliance procedures and consulting

Choose Newburg as Your Foreign Corporate Tax CPA Firm

With respect to foreign owners, we have experience in assisting our clients with determining if U.S. withholding is required on partnership income or if an 1120-F is required to be filed to report U.S. income of a foreign corporation. For those US companies looking to expand overseas, we can help you navigate the complexities and work with your foreign based accountants to ensure proper US compliance.

BDO Alliance USA & BDO International

At Newburg & Company, we guide you through all stages of the business life cycle. As an independent member of BDO Alliance, USA, we have expanded our reach in providing you resources to expand overseas. The member firms are dedicated to a common goal of delivering the best possible service to their clients, across the country and around the world. As an independent member, we have access to BDO International’s worldwide coverage and resources allowing us to assist you in achieving your international business goals.

For engagements through the BDO Alliance USA network and BDO International, a Newburg & Company professional would coordinate all the work with the client, ensuring it is carried out to the utmost standards that our clients expect with our own services.

Choose Newburg as Your International Tax Compliance CPA Firm

Expatriates and other individuals working outside of the US can rely on Newburg & Company to file the required Foreign Earned Income Forms (Form 2555) in addition to any additional forms needed. We review your foreign income and benefits and determine which, if any, foreign income exclusions and tax credits apply to you and provide the most benefit.

FBAR Reporting

Newburg & Company has expertise with foreign bank disclosure requirements and can assist you with filing the foreign bank account reporting (FBAR Form 114) and Form 8938 – Statement of Foreign Financial Assets. The foreign bank reporting landscape is continually evolving. We can assist you in fulfilling your foreign reporting requirements, as an individual living abroad or in the US.

Streamline Procedures

Newburg & Company has significant experience with the IRS Streamlined Filing Compliance Procedures for taxpayers living abroad. We can help you successfully navigate completion of the Streamlined Foreign Offshore Procedures for non-willful taxpayers that may have missed required disclosures in previous years. We can assist you whether you would like to take advantage of potential Offshore Voluntary Disclosure Programs available or are unsure about your filing requirements.

Contact us today for a complimentary initial tax consultation or to learn more about our international tax compliance planning and services.

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