US citizens who lived in the United States and moved to another country may face the prospect of double taxation and/or fines if income and assets are not properly reported to the IRS.
US citizens who have never lived in the United States often aren’t entirely familiar with US tax filing requirements for US citizens, but are still required by law to be tax compliant. Non-US persons may also need to report their US income to get a refund of taxes withheld on income earned in the US.
We offer a variety of services for US persons living abroad who are required to report their worldwide income and foreign financial assets to the IRS. These include:
- Individual US tax return preparation and filing
- Reporting German and other international income and assets
- Maximizing foreign tax credits and applying tax treaties to minimize double tax between Germany and the US
- Reporting foreign bank and investment accounts including passive foreign investment companies (FBAR, 8938 and 8621)
- Foreign corporation and foreign partnership reporting (5471, 8865, Sec. 965 Transition Tax and GILTI)
We can also offer services for non-US persons who need to file US tax returns. These include:
- Nonresident income tax returns for non-US persons with US income
- Claiming refunds for US and state taxes withheld
- Applying the US and German tax treaty to minimize double taxation between the US and Germany for non-US persons who receive US income