International Tax Lawyers For Taxpayers Living In The US

In an increasingly connected and globalized economy, it’s important that private citizens and business owners tread carefully when dealing with tax implications both at home and abroad.

At Abajian Law, we’re proud to help our clients succeed in all tax matters relating to foreign residence, foreign businesses, and more. In so many situations where revenue crosses borders, a knowledgeable international tax attorney can provide critical guidance that saves a lot of headaches later.

For example, if you’re planning an international move, you’ll need to meet tax obligations back at home to remain a citizen. Perhaps you’re facing an international tax controversy issue. Or, you might simply want to ensure that your income from an overseas business is in perfect tax compliance. Regardless of the international tax issue, Abajian Law can help.

Foreign Earned Income Exclusion

US citizens who earn income while abroad will still be taxed on that income, even if the country they’re living or working in is also levying a tax. This requires some careful planning in itself, but a shrewd taxpayer should be sure to familiarize themselves with the foreign earned income exclusion.

The foreign earned income exclusion allows you to deduct housing costs and a percentage of your earned foreign income (adjusted annually for inflation). But it’s important to remember that you can’t combine this with other foreign tax credits/deductions, so you must choose wisely. A tax attorney at Abajian Law can help you make the most financially sound matter in your unique foreign income situation.

Foreign Bank Accounts & FBAR Penalties

The government takes offshore tax evasion seriously, which is why a tax attorney can be so crucial when it comes to matters of disclosure. Many taxpayers may not realize that an unwarranted FBAR voluntary disclosure can be just as costly a mistake as a mishandled disclosure.

Many taxpayers who do not take the proper steps are shocked to discover how stiff the penalties for improper foreign asset disclosure are. If you have significant foreign assets, it’s worth taking the time to get your FBAR handled correctly so that you don’t wind up with serious problems later.

Offshore Voluntary Disclosure Initiative

If you are considering disclosing your foreign assets via the OVDI (Offshore Voluntary Disclosure Initiative), don’t take another step before consulting with a qualified tax attorney first. This is a committing process that usually involves the IRS Criminal Investigation division.

The discrete, veteran offshore tax attorneys at Abajian Law will carefully bring you into OVDI compliance and act as your legal advocate every step of the way. This is not an area where you can afford to risk mistakes by going it alone.

Tax Planning For Foreign Companies

If you intend to form a US-based business, you need tax planning that is thorough, insightful, and creative when it comes to your unique needs. There are various considerations to keep in mind that will best leverage the relationship between US tax law and your home country.

Abajian Law can guide you through matters of business organization, formation, protection, administration, exit strategies, and more. Foreign-owned companies in the United States are subject to special filing requirements and tax considerations that will affect virtually every aspect of your business formation strategy. If you’re embarking on the journey of forming an LLC or corporation in the United States, consider enlisting the help of a foreign tax attorney to make sure that you are set up for success.