International Tax Services of New York
International tax resolution & consulting for New York residents with offshore investments
In addition to our comprehensive IRS tax resolution services we offer to New York taxpayers, we have a dedicated team of international tax attorneys and CPAs that offer proactive international tax consulting and resolution strategies for residents across the state of New York that own offshore bank accounts or assets. The truth is, equipping yourself with a professional international tax firm is crucial in today's ever-changing landscape of U.S. mandated international tax requirements.
If you are a resident of the state of New York, and you have concerns about the tax reporting welfare of your foreign assets, we are prepared to speak with you today to answer your questions, and offer expert tax resolution and consulting to protect your foreign assets.
FBAR & FATCA Compliance
Are you, and your FFI (Foreign Financial Institution) in compliance with FBAR and FATCA requirements? Whether you are familiar with these requirements or not, any New York resident with offshore assets is subject to complying with these 2 Government mandated regulations, or face the hazardous penalties involved with not complying. FATCA (Foreign Account Tax Compliance Act) and FBAR (Report of Foreign Bank and Financial Accounts) require New York residents with offshore investments to provide transparent records of their foreign assets, including detailed values/gains of mutual funds, bank accounts, life insurance, or real estate commodities that exist offshore. These reports need to be prepared on a yearly basis, and if they aren't filed properly, on-time, or not filed at all, you and your assets will be a direct target of hefty delinquency fines and penalties carried out by the U.S. Government, U.S. Treasury, and IRS.
FBAR and FATCA delinquency is a frequent occurrence for New York residents, and with the regulations and laws constantly evolving, more and more local taxpayers with offshore assets find themselves in the cross-hairs of the strict and detrimental penalties from failing to comply:
- Substantial financial penalties deducted from your assets (based on percentage of asset values, and longevity of delinquency).
- Serious criminal charges for international tax delinquency identified as will-ful, or cases that go un-settled for an extended period of time.
Whether your international tax delinquency is will-ful or not, you are subject to the strict penalties involved with failing to comply with the international tax requirements.
We are available for your International Tax Compliance needs
Our team of international tax attorneys and specialists work with local New York residents to resolve any international tax complications they may have, and offer proactive consulting to protect their assets moving forward. We are a phone call away for a free, confidential consultation on all your international tax compliance needs. We will evaluate your case, and offer a personalized strategy that will keep your offshore assets safe. Call today to speak directly with our President, Tim Halcomb, and expect nothing but a positive experience. (347) 308-5811
The Pure Tax Resolution team