We assist our clients with U.S. tax return preparation, particularly those clients that have international tax issues.
We prepare the U.S. income tax returns including any international tax reporting such as Forms 8938, 3520, 8621, etc. In addition, we prepare Form 114, Report of Foreign Bank and Financial Accounts ("FBAR").
Foreign Offshore - Non-resident individuals can avoid all penalties in connection with failure to file.
Domestic Offshore - Resident individuals may avoid criminal prosecution and civil penalties other than the 5% penalty based on the highest year-end value the individual failed to report on Form 8938 or on FBAR.
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