Foreign Investments, Foreign Investors

Reporting on Foreign Holdings

If you have foreign bank accounts or overseas investments, you might need to file specialized tax forms like Foreign Bank and Financial Accounts (FBAR) or FinCen Report 114. These forms require disclosing various overseas assets, and failure to file these can create significant penalties. South Florida is a hub of foreign investment and investors, both native-born citizens and immigrants with business holdings from their former homes. If you conduct any business overseas, ensure a foreign business CPA is looking out for your interests.

Or just renting your old home?

The Foreign Business rules are designed to deal with tax evasion, international crime syndicates, and money laundering. As a result, they have extensive reporting requirements to make it more difficult for International thieves. Unfortunately, this means that the law treats a Canadian renting their old family home has the same reporting requirements as a global tycoon. Fortunately, we know the rules and will help you stay in compliance.

Global Access to Capital

Modern startups have access to capital from around the world. However, your overseas investors may complicate your reporting and tax filing needs. We routinely help Corporations and LLCs with foreign investors stay on the right side of the tax authorities in the United States and abroad. We handle international income tax and foreign real estate tax issues routinely. Being based in the Miami metropolitan area, we have tremendous experience in Latin America. Still, our clients have investments and investors from the United Kingdom, the European Union, and the Middle East.

Core Knowledge Here

We have been helping our clients with foreign holdings since our founding. We have been writing about these issues from the beginning of our website. We reported the need to electronically file the FBAR in 2013 and stay on top of the changes as the tax code evolves.

Foreign Business CPA

All foreign business CPA needs are given an extra review to avoid missed items that would create problems. When necessary, we consult the underlying tax treaty or reach out to tax attorneys specializing in international taxation matters. We manage the process of your financial and tax compliance so that you can focus on your international business dealings without paperwork concerns. If your CPA or tax preparer doesn’t ask about foreign business holdings or foreign investors, you may be out of compliance, risking extensive fines and penalties.