Services
If you’re looking for a firm that will focus on your individual needs, and always treat you like a client who matters, look no further. Our firm is large enough to offer a full range of professional services, but small enough to give you the individual attention that you deserve.
We will thoroughly and conscientiously study your personal situation, and tailor our advice to your specific needs.
Tax Preparation & Planning
- US Person Federal Tax Return – $425
a. Flat fee includes these forms: 1040, 2555, 1116, Sch.C, one rental property, up to 20 bank interest/dividend entries and brokerage transactions. If you have more than these, don’t worry. We can easily accommodate your circumstance.
- Additional Federal Returns – $300
a. -Adding additional years’ returns and becoming fully compliant with US tax laws is one of our areas of expertise. We’ve streamlined the process and help get you all the way where you need to be – worry free
- IRS Streamlined Procedure – $1500-
a. With 509USTAXPRO, the Streamlined Procedure is an IRS approved amnesty program that allows Americans overseas to catch up with their US tax filings without facing any penalties nor any undue scrutiny by the IRS.
We make the process simple and very straightforward for countless of clients
Qualification Is Simple
To catch up using the Streamlined Procedure you must:
- File your last 3 federal tax returns
- File your last 6 FBARS (Foreign Bank Account Reports), if applicable
- Pay any taxes due (often nil, once you claim one or more expat exclusions)
- Self-certify that your previous failure to file was non-willful
What Does It Cost?
Our headline Streamlined Procedure package of $900 includes 3 tax returns. If you must file FBARs for any of the last 6 years too (required in years when you had over $10,000 in foreign accounts), add $100/ year. So a maximum 3 tax returns and 6 FBARs costs $1,500.
Will the IRS Actually Find Me?
Since the US law called FATCA (the Foreign Account Tax Compliance Act) was enacted in 2010, most foreign banks (over 300 thousand and counting) are now providing their American account holders’ balance and contact details to the IRS, so the IRS now has unprecedented and global reach. Catching up using the Streamlined Procedure gives US Persons in Haiti the opportunity to avoid IRS fines while retro-claiming the exemptions allowing them to minimize their US tax liability – most often to zero.
- FBAR Reporting – $100
a. FBAR, or the Foreign Bank Account Report (FinCEN Form 114), is required for individuals who have foreign accounts with balances that in total exceeded $10 thousand at any time during the tax year. Includes up to 10 accounts per reporting year
- FATCA Reporting – $200
a. FATCA, or the Foreign Account Tax Compliance Act (Form 8938), is required for individuals with total assets, in aggregate, beginning at over $50 thousand. The rules vary depending on your location and/or marital status. FATCA filing is a relatively new law that the US government is enforcing vigorously.
- Foreign Corporation reporting – $400
Foreign corporate returns (form 5471) are required for all US persons who own 10% or more of a corporation overseas. Our flat fee assumes your corporate accounting records are in reasonably good order.
Business Entity Selection
The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business has enormous financial and tax implications. It is important that you make the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also.
IRS Representation
An IRS audit can be an intimidating and complex process. If you or your business face an IRS audit, we can bring to bear years of experience in dealing with tax matters and IRS audit procedures to ensure that you are properly represented when dealing with the IRS and other tax authorities.