Federal Tax Returns
Tax returns for US residents, H1(TN) visa holders and foreign student with F1 visa
Single- and Multi-State Tax Returns
If you have earned income in more than one US state, you need to file state tax returns in all such states (except states with no state income tax)
ITIN Certification
We have Certified Acceptance Agent credentials and can certify your documents for ITIN application which exempts you from submitting original documents to the IRS
International Tax Compliance
a. Foreign Income Reporting
US resident, including US citizens residing outside US, are required to report worldwide income in their US tax return
b. Form 1116 – Foreign Tax Credit
Eligible to be claimed against US tax liability in respect of foreign income included in US tax return
c. FBAR
If aggregate maximum balance in financial accounts held outside US is in greater than $10,000 at any time during the year, you need file FBAR reporting all such financial accounts
d. Form 8938
Required if your aggregate ending balance in specified financial assets is more than $100,000 (or maximum balance is greater than $150,000)
e. Form 3520
Required if you received a gift or inherited property from a foreign person of more than $100,000 during one fiscal year
f. Form 5471
Required of US residents and citizens who have interest in any foreign corporation in certain conditions
g. Form 8621
Required if you have an investment in passive foreign investment company (PFIC) including mutual funds
h. Form 8865
Required of US residents and citizens who have investments in foreign firm
Gift Tax Returns
Required if gift is given to any person in excess of specified amount for that year ($16,000 for 2022)
Green Card Holder Tax Filing
All the green card holders are advisable to file US tax return by reporting worldwide income in US even if they are staying outside US
US Citizen Living Abroad Tax Filing
All US Citizens needs to file US tax return and report worldwide income in US even if they are staying outside US