
We work with foreign tax advisors and lawyers to help our clients incorporate in a foreign country, file necessary forms and open bank account. Our tax experts have extensive experience in US international tax planning and compliance in a wide range of areas. We are aiming to provide one-stop-shop tax service for international clients with a big firm service and a boutique firm price.
We are a team of U.S. and foreign tax experts familiar with international income tax treaties and are working together to achieve an overall efficient global tax filing position for our clients. We serve clients in the United States, Europe and Asia.
We are a team of U.S. and foreign tax experts familiar with international income tax treaties and are working together to achieve an overall efficient global tax filing position for our clients. We serve clients in the United States, Europe and Asia.
Services
Our Team
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Vivian has 12 years of international tax experience. She has worked for the Big 4 in the U.S. and the UK, and spent 4 years working for a Europe-based US tax firm in Zurich, Switzerland.
She has a diversified experience in helping international clients (including high net worth individuals, executives, business owners) with their U.S. tax reporting on their foreign fund investments, foreign corporations, foreign trusts, foreign gifts and foreign estate.She has also helped clients with their FATCA compliance, file delinquent tax forms under the IRS Streamlined procedures and Offshore Voluntary Disclosure Programs.
She has a diversified experience in helping international clients (including high net worth individuals, executives, business owners) with their U.S. tax reporting on their foreign fund investments, foreign corporations, foreign trusts, foreign gifts and foreign estate.She has also helped clients with their FATCA compliance, file delinquent tax forms under the IRS Streamlined procedures and Offshore Voluntary Disclosure Programs.
Automatic Exchange of Tax Data
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The Foreign Account Tax Compliance Act (FATCA) took effect in 2014 and has literally swept the globe. FATCA requires foreign banks to disclose the identity and details of Americans with foreign accounts over $50,000 and report the information back to the U.S. government. Non-compliant institutions could have their U.S. assets frozen or face a huge penalties.
IRS Amnesty Programs
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Currently, the IRS offers various options for U.S. taxpayers with undisclosed foreign financial assets to come current with their US tax filing obligations. The implementation of FATCA and the ongoing efforts of the IRS and the Department of Justice to ensure compliance by those with U.S. tax obligations have raised awareness of U.S. tax and information reporting obligations with respect to non-U.S.
Offshore Voluntary Disclosure
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The IRS is offering taxpayers with undisclosed income from offshore accounts another opportunity to get current with their tax returns with a potential penalty of up to 50% of the undisclosed bank account balance. However IRS offers clear benefits to encourage taxpayers to disclose foreign accounts now rather than risk detection by the IRS and possible criminal prosecution.
Delinquent FBAR Submission
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The IRS will not impose a penalty for the failure to file the delinquent FBARs if you properly reported on your U.S. tax returns, and paid all tax on, the income from the foreign financial accounts reported on the delinquent FBARs, and you have not previously been contacted regarding an income tax examination or a request for delinquent returns for the years for which the delinquent FBARs are submitted.
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