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U.S. Tax Reporting for a Global Financial Life
U.S. citizens and residents can have federal tax and information-reporting obligations connected with income and financial assets outside the United States. These requirements can exist even when foreign taxes were already paid or the funds remain overseas.
We review foreign income, accounts, assets, and available tax documents to identify the reporting that may apply to your individual return.
International tax reporting can involve forms and deadlines beyond the standard Form 1040, so identifying the requirements early is especially important.
International Individual Tax Reporting
We help individuals coordinate foreign income and financial information with their U.S. federal tax filing obligations.
Foreign Income Reporting
Report qualifying wages, investment income, pensions, rental income, and other income earned or received outside the United States.
Foreign Financial Accounts
Review foreign account information and whether separate financial account reporting requirements may apply.
FBAR Considerations
Evaluate foreign financial accounts against applicable FBAR requirements and coordinate the information needed for filing.
FATCA Reporting
Review specified foreign financial assets and whether Form 8938 or other FATCA-related reporting may apply.
Foreign Tax Credits
Review qualifying foreign taxes and available federal mechanisms intended to reduce double taxation where applicable.
International Information Returns
Identify additional information-reporting forms that may be required based on the type of foreign asset, entity, or transaction involved.
Who We Serve
For Individuals With Financial Connections Outside the U.S.
We work with U.S. citizens and residents with foreign income, expatriates, international investors, professionals, retirees, and individuals who maintain financial accounts or assets outside the United States.
The goal is to bring international activity into a complete U.S. tax picture and identify reporting obligations that might otherwise be overlooked.
Frequently Asked Questions
Do U.S. citizens have to report foreign income?
U.S. citizens and residents are generally subject to federal tax reporting on worldwide income, subject to applicable exclusions, credits, and other rules.
What is an FBAR?
The FBAR is a separate reporting requirement that can apply to U.S. persons with certain foreign financial accounts.
What is FATCA reporting?
FATCA can require certain taxpayers to report specified foreign financial assets when applicable thresholds and requirements are met.
Can foreign taxes reduce U.S. tax?
Foreign tax credits and other provisions may help address qualifying foreign taxes depending on the circumstances.
Can you prepare my U.S. return if I have foreign accounts?
Yes. We work with individual returns involving foreign income, accounts, assets, and related reporting requirements.
Guidance for Smarter Financial Decisions
Practical insights to help you better understand taxes, investments, and important financial decisions before you make them.
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Comprehensive Tax & Financial Guidance for Individuals and Businesses
Whether you're an individual looking for help with personal tax preparation or a business owner managing accounting, tax planning, and complex financial decisions, our firm provides practical, personalized guidance tailored to your unique needs and goals.
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