At ZR Associates, we have a dedicated team of professionals who specialize in international tax planning and compliance. With a deep understanding of the complex tax provisions that apply to inbound and outbound investments, we ensure that your business is structured correctly for tax efficiency. Our knowledge equips us to meet all of your international taxation needs effectively.
Our in-house experts provide guidance on FIRPTA-related real property sales and rental income reporting for non-resident individuals and companies. We collaborate with tax attorneys, real estate agents, and settlement companies to ensure compliance with FIRPTA requirements. Contact us prior to any real estate transactions to help plan for proper withholding, ensuring a smooth transfer and expedited tax return filing with the IRS and local authorities. Regardless of whether we are engaged before or after the sale, our team is prepared to handle all withholding and tax-related matters involved in the transaction.
For taxpayers utilizing the streamlined procedure enacted in 2012, we assist in filing delinquent tax returns and the required related information returns (e.g., Forms 3520, 5471) for the past three years. We also help with the filing of delinquent FBARs (Form Fin Cen 114) for the last six years. Alongside filing, we ensure the payment of applicable taxes and interest, easing your compliance burden. Additionally, we assist in securing retroactive relief for income deferral on retirement and savings plans when applicable under relevant treaties.
For U.S. taxpayers residing in the United States—U.S. citizens, lawful permanent residents, and those meeting the substantial presence test under IRC § 7701(b)(3)—the SDOP offers a lower penalty for taxpayers who disclose their offshore assets. We guide you through the SDOP process by calculating the “covered tax return period,” filing amended tax returns, and submitting necessary informational returns such as Forms 3520, 3520-A, 5471, 5472, 8938, 926, and 8621. We also assist with filing delinquent FBARs for the “covered FBAR period” and help ensure that any applicable Title 26 miscellaneous offshore penalties are addressed. With our expertise, we handle this entire process for you, providing peace of mind and compliance assurance.
At ZR Associates, we make international tax compliance manageable, offering expert guidance to navigate the complexities and ensure your business meets all requirements.
