International Taxation

DKC Tax International provides the strategies and solutions to help your company gain momentum in an increasingly complex arena. President Larry Rigal has more than two decades of experience in international tax planning, research and compliance for a Fortune 500 global manufacturer.

We specialize in providing tax services for U.S. expatriates, resident alien, and nonresident alien clients. Our customer service is second to none in this area. Our mission is only complete when we have:

• Prepared accurate tax returns
• Minimized the client’s tax liability
• Prepared an equitable equalization
• Counseled with the employee to minimize his/her tax concerns
• Provided timely support to our corporate employer

We have prepared over 1000 of these returns for employees of major corporations, including Fortune 500 companies.
We also have the expertise to prepare tax returns for people competing in sports in the United States, or anywhere in the world! Whether US citizens competing abroad, or citizens of a foreign country competing in the United States, we can assist them in meeting their tax filing obligations, and minimize the overall tax burden.

Tax Equalization:

Equalization is the process by which an expatriate or foreign national’s tax liability is adjusted so that the employee pays no more or no less income tax than they would if they were to stay in their home country. Under this tax protection, a “hypothetical” tax is calculated. This is done by figuring out what the employee would have earned had they not been assigned overseas. In other words, it is their estimated home country earnings, excluding any foreign compensation. Taxes are withheld from the employee’s paycheck, which is in essence, the hypothetical tax.

An expatriate working in a foreign country that has a higher tax rate than their home country would only be responsible to the extent of their tax in their home country. In the reverse scenario where the foreign tax is less than the tax in the employee’s home country, the employee is only liable to the extent of the foreign tax. The employer will retain any benefit or assume any burden as a result of these two situations.

The process of figuring your tax equalization can be a very difficult process to understand and calculate. Our staff has the know-how and the experience of performing over one thousand tax equalizations. We are confident that we can make your foreign tax concerns as painless as possible. With years of experience in dealing with tax equalization, and accompanied by a very solid reputation for delivering outstanding customer service, we are only satisfied when our work is complete and accurate.

Visit our International Taxation site at www.global-cpa.com

Other services of Donovan, Klimczak & Company

· Accounting & Auditing
· Business Consulting
· Business Valuation
· International Taxation
· Tax Planning and Compliance
· Wealth Management

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