Our CPA Firm provides Tax & Accounting Services to US & Foreign Nationals in the Miami and Fort Lauderdale areas. We offer Tax Services to US residents doing business Overseas and to US Expatriates living abroad. We are Experienced and Responsible.Read More
We provide tax preparation services for foreign businesses, Controlled Foreign Corporations (CFC), non-residents and U.S. expatriates tax returns. Beginning 2018 the new Trump Tax Law, Tax Cuts And Jobs Act (TCJA) taxes foreign corporations; the tax levied on these foreign businesses (businesses owned by US Tax Persons) is called the Global Intangible Low-Taxed Income (GILTI) tax.
We also address other international tax and compliance issues: Report of Foreign Bank and Financial Accounts (FBAR) filing for owners and those who have authority over foreign financial accounts including a bank account, a brokerage account, mutual fund, or other types of financial accounts; Foreign tax credits; Withholding Taxes; Transfer of Assets; Foreign Trusts; Tax Treaty; Logistics and Customs.
Are you a candidate for a treaty (E1 & E2) visas, or a transfer manager/executive or Specialized Knowledge Staff seeking an L1/L2 visa? We can help with your accounting and tax issues as well as preparation of business plans.
We provide consultancy to foreigners that owns and disposes of US realty, as well as foreigners that own shares in a US corporation or LLC, that they are in tax compliance with the Foreign Investment in Real Property Tax Act (FIRPTA) rules.
We incorporate and setup US corporations and Limited Liability Companies for foreign nationals and also obtain Individual Taxpayer Identification Numbers (ITIN) for business owners.
OFFSHORE TAX COMPLIANCE
Select the LINKS below to view the current, 2017, IRS Offshore Compliance and Voluntary Disclosure Initiatives:
Offshore non-compliance carries steep penalties. Form 5471 for instance, failure to file penalty is $10,000.00 per form per year. Further, there are civil and criminal penalties for non-compliance with the FBAR filing. Civil penalties for a non-willful violation can range up to $10,000 per violation. Civil penalties for a willful violation can range up to the greater of $100,000 or 50 percent of the amount in the account at the time of the violation. Criminal penalties for violating the FBAR requirements while also violating certain other laws can range up to a $500,000 fine or 10 years imprisonment or both. Civil and criminal penalties may be imposed together.
STATEMENT FROM IRS DIRECTOR DOUG SHULMAN
We can help with your offshore tax compliance.
Global Tax Group, Inc. | 269 North University Dr. Suite B, Pembroke Pines, FL 33024 | Phone: (954) 893-1399 | Fax: (954) 337-0250 | firstname.lastname@example.org