We have deep expertise and experience in the international tax area. When foreign individuals or companies acquire property or do business in U.S., many unique and complex issues and reporting requirements come into play. This is also true of U.S. citizens or companies doing business outside the U.S.
The U.S. income and estate tax laws can be especially harsh for nonresident individuals and companies. In addition, there are numerous reporting and withholding rules that must be considered and complied with. The penalties for noncompliance have increased in recent years and this area of U.S. tax law continues to receive increased scrutiny from the Internal Revenue Service ("IRS"). We have the experience necessary to properly address the issues encountered by individuals and companies engaged in cross-border activities.
If you have any questions regarding a foreign related or cross-border transaction, please contact us.