Foreign Compliance

Simplify Tax Compliance with Expert Guidance

At Era Tax Solutions, we specialize in helping businesses and individuals navigate the complexities of international tax and compliance requirements. With the rise of global commerce and interconnected economies, ensuring compliance with foreign tax laws and regulations is more critical than ever. Our foreign compliance services are designed to help you meet international obligations, mitigate risks, and ensure that your global operations run smoothly, all while optimizing your financial strategy.

International Tax Compliance

Ensuring Compliance Across Borders

We provide expert advice and support for businesses and individuals who have international tax obligations. Our international tax compliance services include:

Foreign Income Reporting: We help you understand and comply with regulations regarding foreign income, ensuring that income earned overseas is accurately reported to both domestic and foreign tax authorities.
Tax Treaties and Agreements: We assist in leveraging international tax treaties to avoid double taxation and reduce the overall tax burden for individuals and businesses operating across borders.

Foreign Bank Account Reporting (FBAR)

If you are a U.S. citizen or resident with foreign bank accounts, you must comply with the Foreign Bank Account Reporting (FBAR) requirements. Our services include:

FBAR Filing Assistance: We assist you in completing and filing the FBAR (FinCEN Form 114), ensuring that all required foreign accounts are reported to the U.S. Treasury Department.
Compliance with FATCA: We provide guidance on the Foreign Account Tax Compliance Act (FATCA) and ensure compliance with its global reporting requirements for foreign financial institutions.
Tax Implications of Foreign Accounts: We help you understand the tax implications of holding foreign accounts and how to report interest, dividends, and capital gains earned in these accounts.

Cross-Border Transactions

For businesses engaged in international transactions, transfer pricing compliance is essential. Our services help ensure that you meet both U.S. and foreign regulations concerning cross-border pricing between related entities.

Transfer Pricing Documentation: We assist businesses in preparing the necessary transfer pricing documentation, ensuring that intercompany transactions comply with local tax laws and international standards.
International Tax Risk Management: Our team helps mitigate transfer pricing risks by creating strategies to defend your pricing policies in the event of audits by tax authorities in multiple jurisdictions.
Global Pricing Strategies: We help businesses design tax-efficient transfer pricing strategies that minimize the risk of double taxation and ensure profitability across all markets.

Why Choose Era Tax Solutions for Foreign Compliance Services?

Expertize

Our team has extensive experience in international tax law, compliance regulations, and cross-border financial strategies.

Comprehensive Services

We offer a full range of services to ensure that all your foreign compliance needs are met, from tax filings to entity formation.

Global Reach

With a network of professionals around the world, we can assist with compliance in multiple jurisdictions, no matter where you operate.

Tailored Solutions

We take the time to understand your unique international business or personal tax situation and create customized solutions that help you achieve compliance and minimize your tax burden.

Peace of Mind

Our foreign compliance experts ensure that your global operations run smoothly, so you can focus on growing your business with confidence.

Our Process

1

Assessment

We start by reviewing your current tax situation to identify potential risks or gaps in compliance

2

Plan

Our team develops a tailored compliance strategy that addresses your specific tax requirements.

3

Documentation

We handle the preparation, organization, and submission of all necessary tax forms and documents.

4

Monitoring

We continuously monitor your compliance status and update strategies based on new regulations.

5

Support

If any issues arise, we provide expert representation and support to resolve them promptly.

Ensure Seamless Tax Compliance Today!

Get Started with Foreign Compliance Today

Navigating international tax laws and compliance requirements can be complex, but you don’t have to do it alone. Let Era Tax Solutions guide you through the process with our expert foreign compliance services. Contact us today to schedule a consultation and learn how we can help you manage your global tax and compliance needs.

Resources

About Compliance

Foreign Account Tax Compliance Act (FATCA) | Internal Revenue Service. (n.d.). - Link
Summary of FATCA reporting for U.S taxpayers | Internal Revenue Service. (n.d.). - Link
Foreign tax credit compliance tips | Internal Revenue Service. (n.d.). - Link

FAQ - IRS

Frequently asked questions (FAQs) FATCA Compliance: Legal | Internal Revenue Service. (n.d.). - Link