Expatriate and Foreign National Taxes
When a company does business globally, income tax filing and withholding requirements can become much more complicated. Donovan, Klimczak & Company, an Akron CPA firm, provides both U.S. and foreign companies tax planning and tax consulting on a variety of international, federal and state tax issues.
We offer a wide range of expatriate and foreign national tax planning and compliance services. With our help, your international employees can reduce their taxes, comply with tax filing requirements, and avoid penalties and audits.
Our Expatriate and Foreign National Tax Services Include:
Employer services:
- International compensation planning
- Calculation and coordination of U.S./foreign estimated tax payments
- Tax equalization policy design and administration
- Hypothetical tax/net pay calculations
- Pre-departure and repatriation counseling
- Assistance with inquiries from U.S. and foreign taxing authorities
- Social security tax planning
- Tax treaty review
- Payroll consulting
- Foreign bank account reporting (FBAR)
- Coordination of expatriates and foreign nationals worldwide
- Review of compensation and preparation of W-2c
Employee Services:
- Tax return preparation for expatriates and foreign nationals
- Tax planning and compliance for U.S. nationals working overseas
- Tax planning and compliance for foreign nationals working in the U.S.
- Pre-departure and post-assignment tax consultations
- Preparing necessary forms related to the foreign assignment
- Preparation and detailed explanation of tax equalization and hypothetical tax
- Assistance with inquiries from U.S. and foreign taxing authorities
- Help to minimize your taxes
- Calculation and coordination of required estimated tax payments
- Help with complex international social security rules
- Foreign tax credit planning and optimization
- Non-resident alien married to U.S. citizen elections and filing status optimization
- Reporting foreign bank and financial accounts (FBAR)
- Preparation of W-7 – Application for IRS Individual Tax Identification Number
- Tax treaties with foreign countries
Additional Specialized Services:
Consulting and preparation of forms:
- 3520 - Annual Return to Report Transactions With Foreign Trusts
and Receipt of Certain Foreign Gifts - 3520-A - Annual Information Return of Foreign Trust With a U.S. Owner
- 5471 - Information Return of U.S. Persons With Respect To Certain
Foreign Corporations - 8833 - Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b)
- 8891 - U.S. Information Return for Beneficiaries of Certain Canadian Registered
Retirement Plans
Tax issues have become more complicated as businesses have gone global, but that doesn't mean you should pay more than your fair share. We can help reduce your overall tax liability. Call Stefano D'Agruma or Mark Chapman at 330-836-9331 to discuss our tax services for expatriates and foreign nationals in more detail.