Tax Services
International Tax
A working overview of cross-border filing requirements, FBAR/FATCA rules, and how double taxation gets relieved.
Cross-Border Tax Rules Don't Forgive Honest Mistakes
Between FATCA reporting and FBAR filings, the requirements around international income leave little margin for error, and skipping a form can carry a steep price. If foreign accounts, income, or assets are part of your picture, it's worth talking it through before you file.
Complete FBAR and FATCA compliance handled so the penalties never come up.
Key Things to Know
- Where your filings stand
- How double taxation gets relieved
- Getting the paperwork right the first time
Ready when you are
Operational Milestones
Asset audit
We map out your international footprint - every foreign bank account, trust, and corporate stake that needs to be disclosed to the IRS.
Treaty protocols
We apply the relevant tax treaties and cross-border exemptions to work out what you legally owe - and what you don't.
E-filing
Your compliance forms get packaged and submitted correctly, with documented proof that everything went through.
Included Services & Outcomes
A Foreign-Income Slip-Up Costs More Than You'd Expect
Earning or holding assets across borders comes with penalties that build quickly. Forget to report even one foreign account through FBAR, and you're looking at $10,000 per violation - before any actual tax comes into the picture.
Questions
International Tax FAQ
Am I required to file an FBAR?
If you're a US person and your foreign financial accounts added up to more than $10,000 at any point during the year, yes - and the penalty for skipping it starts at $10,000 per violation.
Could I end up paying tax on the same foreign income twice?
You shouldn't have to. Between the Foreign Earned Income Exclusion, the Foreign Tax Credit, and any relevant treaty, there are tools built specifically to prevent that - as long as they're applied correctly.
Do you work with expats and non-resident filers?
We do - expatriate returns and Form 1040NR for non-resident aliens come up regularly for us, along with foreign-entity and treaty questions.
I never reported foreign accounts in prior years - what should I do?
Don't sit on it and hope the IRS doesn't notice. We'll look at your exposure and walk through the disclosure options that put you in compliance on the most favorable terms available.
Resources
International Tax insights
Talk to MK Tax & Accounting about international tax
Book your free consultation. We'll review your situation, quote a flat fee, and tell you exactly what we'd do differently.