International Tax Services for Individuals
CK Tax Services LLC has extensive experience working with the complexities of international taxation for individuals, high net-worth individuals, and mobile executives. CK Tax Services LLC provides comprehensive tax services for international individual clients. We offer international clients a full menu of services to manage and plan for the many complexities of international tax laws. International tax has numerous legal implications, our clients receive optimal results by having experienced international tax attorneys provide both the legal guidance necessary and supervise and coordinate our client’s tax compliance.
Individuals
The U.S. requires it citizens and resident to report and pay tax on their worldwide income. U.S. citizens who reside outside the U.S are required to file annual U.S. tax returns (if their income exceeds the filing thresholds), and may have to file a Report of Foreign Bank and Financial Accounts (FBAR/FinCEN 114) or Foreign Account Tax Compliance Act (FATCA) statements. CK Tax Services LLC represents clients who have not filed U.S. tax returns or FBARs for many years and works with them to find solutions and bring them into compliance with their filing obligations.
At CK Tax Services LLC, we both advise and prepare the tax returns for U.S. citizens living abroad or U.S. based clients with foreign assets. We have extensive experience in this area and are well equipped to handle complicated returns with treaty positions, foreign businesses, passive foreign investment companies, controlled foreign corporations, subpart F inclusions, global intangible low-taxed income, non-U.S. retirement plans, and any other complicated issue that may arise. It is our experience that a U.S. citizen living abroad or a U.S. based client with foreign assets and/or income, needs to be working with a tax professional that understands the complicated tax rules and international informational forms that must be filed. The penalties associated with failure to properly file the international information forms are too severe to leave this to a tax preparer with little or no experience in this area.
CK Tax Services LLC Services
CK Tax Services LLC represents executives, high net-worth individuals, families, family offices, and small to mid-size businesses with their cross-border activities and succession planning. This frequently involves strategies to protect and preserve wealth for future generations, minimize potential income and estate taxes, and plan for business succession. Furthermore, with today’s globally mobile client, CK Tax Services LLC has developed extensive experience in strategies for foreign clients with connections to the U.S. and for U.S. clients with offshore assets and income.