Europe
Citizens of European countries have relied on AbitOs accountants for almost 40 years to provide assistance and counsel with their individual, family and business international tax matters that transcend borders and timezones.
More than a gateway to the Americas, Florida has become a gateway to the globe – and especially Europe, making AbitOs a unique partner in this space. As a growing hub of international commerce, Europeans come to Florida as their American destination – and entrust AbitOs to handle their U.S. and multinational jurisdictional tax matters.
Among the services provided include:
- US tax return preparation and other US tax compliance requirements such as US international reporting forms are also routine cross-border and international tax services provided. US tax amnesty submissions, such as the IRS Voluntary Disclosure Program, Streamlined Domestic and Foreign Offshore Procedures, Delinquent International Information Return and FBAR Procedures, and the new IRS Relief Procedures for Certain Former Citizens are a significant portion of our work.
- FIRPTA compliance, US estate tax planning, preparation of US estate tax returns, and assistance in renouncing US citizenship, or abandoning a green card.
- Formulation of US business structures and structuring US real estate investments, together with providing any relevant guidance on US State Sales Tax and US State Income Tax for Canadian corporations and other non-US corporations contemplating US activities.
- Pre-move planning for nonresident aliens anticipating a move to the US, and pre-move planning for individuals emigrating from their home country, including domestic Departure Tax matters.
- Reporting of worldwide income, foreign tax credit maximization, foreign (non-US) assets disclosure including reports of foreign corporations, trusts, partnerships, and financial accounts.
Country-Specific Tax & Advisory Services
US citizens and green-card holders living abroad, US tax return preparation, reporting of worldwide income, complex inter-country tax credit computations, foreign tax credit maximization, foreign earned income exclusion, and foreign housing exclusion; expatriate optimizations between foreign earned income exclusion, foreign housing exclusion/deduction, foreign earned income and housing exclusion, and foreign tax credit; as well as foreign (non-US) assets disclosure including reports of foreign corporations, trusts, partnerships, and financial accounts.
Streamlined Filing Compliance Procedures, Delinquent International Information Return Submission Procedures, Delinquent FBAR Submission Procedures, and the new Relief Procedures for Certain Former Citizens.
Additional Services Include
Nonresident Aliens of the US
- Determination of Federal and State Filing Requirements Including Evaluation of Tax Treaty Issues
- US Income Tax Return Preparation
Reporting US business income, US rental income, sale of US real estate, and other US source income (dividends, royalties, etc.) - Preparation of US Closer Connection Exception Statements
- Obtaining US Tax IDs & Individual Taxpayer Identification Numbers (ITINs)
IRS Certified Acceptance Agent services to obtain a US Tax ID - Preparation of Forms W-8BEN and W-8ECI
To eliminate or reduce income tax withholding on interest, dividends, royalties, and effectively connected income (such as rental income, income from a partnership, etc.)
Individuals Immigrating/Emigrating to/from the US or Abandoning Green Card or Relinquishing US Citizenship
- Pre-move Consultation and Planning
- Compliance With US and Canadian Departure Rules
- US and Canadian Departure Tax Returns
- Dual-Status Tax Returns and Dual-Residency Tax Year Compliance
- Consultations Regarding US Expatriation Tax Implications of Surrendering a US Green Card and/or Renouncing US Citizenship
US and Foreign (Non-US) Entities Owned by Foreigners
- Determination of Federal and State Filing Requirements, Evaluating Tax Treaty Issues Including Permanent Establishment and Branch Tax Matters
- Structuring US Business Activities or Investments Including Planning for Federal and State
- Income Tax and State Sales Tax
- Obtaining US Tax IDs & Employer Identification Numbers (EINs)
- US Income Tax Return Preparation
Preparation of domestic and foreign corporate, partnership, trust, and estate tax returns with special cross-border/international reporting forms.
Foreign (Non-US) Entities Owned by US Persons
- Structuring Foreign Investments
- Consultations Regarding Rules for
- Controlled Foreign Corporations
- Transition Tax Reporting
- Global Intangible Low-Taxed Income (GILTI) Reporting including the Section 962 Election
- Foreign Partnerships
- Passive Foreign Investment Companies
- Foreign Personal Holding Companies
- Foreign Disregarded Entities
- Determination of US Entity Classification for US Tax Purposes
- Preparation of Tax Returns and Special Reporting Forms for Transactions with Foreign Entities
- Preparation of Forms W-8BEN-E, W-8ECI, and W-8IMY
To eliminate or reduce income tax withholding on interest, dividends, royalties, and effectively connected income (such as rental income, income from a partnership, etc.).
US Estate Tax Considerations
- US Estate Tax Planning
- Evaluation of Tax Treaty and Community Property Applicability
- US Estate Tax Return Preparation
Reporting US assets of decedents who are not resident aliens of the US. - Obtaining IRS Transfer Certificates and Estate Tax Closing Letters
FIRPTA Withholding on Sale of US Real Property Interests
- Consultations Regarding Reducing or Eliminating Withholding on Sale
- Preparation of Applications to Eliminate or Reduce FIRPTA Withholding
- Preparation of FIRPTA Tax Withholding Forms
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Contact Us
If you would like to explore your business, personal or family’s tax and financial planning needs, we’re ready to talk. Call us at 305-774-2945 or fill out the form below. Let’s discuss the creation of a plan for your unique needs.