The U.S. Internal Revenue Code that governs international taxation is extremely complex and confusing. Not even a seasoned accountant may understand and maneuver its depth and complexity. Making it worse, the penalty for not filing certain forms that cover international transactions can easily cause a huge penalty. Form 5472's penalty, for example, was increased from $10,000 to $25,000 per form per year.
We are equipped with extensive knowledge and experience that can make sure you are in compliance.
Form W-8 BEN - Certificate of Foreign Status of Beneficial Owner for Untied States Tax Withholding and Reporting (Individual)
Form W-8 BEN-E - Certificate of Statue of Beneficial Owner for United States Tax Withholding and Reporting (Entities)
Form W-8 ECI - Certificate of Foreign Person's Claim That Income Is Effectively Connected With the Conduct of a Trade or Business in the United States
Not sure if you need to file or if your current CPA or accountant is preparing your tax return correctly? Not sure if you are filing all the required forms? Contact us now for a free consultation.