The Castro & Co. Difference
- Free Consultations
- Innovative Solutions
- Experienced & Thoroughly Published Attorneys
- Sophisticated Global Tax Planning
International Tax Planning for Family Companies
Companies
International Tax Planning for Family Companies
Dedicated & Experienced Attorneys in Your Corner
International taxation involves complex interactions between multiple global tax laws. These laws have a strong affect on any transactions that cross borders, and family companies can be highly impacted by international taxation. Without experienced guidance, a family-owned company can become overwhelmed by the nuances of international tax planning for their business.
At Castro & Co., our seasoned team of lawyers is familiar with international tax laws, which is why we offer comprehensive legal services for family-owned companies in the United States and all around the globe. When you choose our firm to represent you, we bring our years of experience and extensive knowledge of the law directly to you, no matter which country you reside in. Our goal is to protect the financial interests of our clients by developing tailor-made tax planning strategies and providing top-notch legal services that make the tax planning process as simple as possible.
Our Other Services
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AMT Tax Planning
Our tax attorneys will help reduce the odds that you'll owe the AMT through proper tax planning.
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Estate Planning
Domestic & International trusts, assistance with life planning documents and services for businesses, which include customized retirement plans.
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Inheritance Tax Planning
Received an inheritance? Our tax attorneys will help structure a tax efficient strategy that works for you.
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Pre-Residency Tax Planning
Before moving to the U.S. make sure that you have all your financial affairs in order. We can help with this process as well.
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Exit Tax Planning
Before departing the U.S. it is important to know how you will be taxed upon leaving. Exit tax planning is crucial.
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Offshore Tax Compliance
Tax planning for individuals with offshore accounts in other countries. (FATCA).
Solving International Tax Issues for Our Clients
We know that family companies face unique obstacles when conducting business around the world. From advising you on the right type of entity formation to drafting a strong business succession plan, we can counsel you on any of the following international tax planning matters:
- International Tax Audits: If your foreign income or accounts are being audited by the IRS or Department of Treasury, then you need to consult with our legal team to determine a possible resolution strategy.
- Delinquent U.S. Tax Returns: Do you need assistance amending U.S. tax returns or filing taxes for previous years to satisfy your reporting obligations? Our lawyers are familiar with the various options available from the IRS, such as The Streamlined Compliance Program or Offshore Voluntary Disclosure Program. We can assess your business and help you weigh the pros and cons. We will even prepare and file all of the necessary paperwork for you!
- Social Security Administration Compliance: If you are an American living abroad or foreign national planning to move to the U.S. temporarily, then you must make U.S. Social Security contributions. Additionally, the U.S. has bilateral Social Security Agreements in place with over 25 countries. So it’s a good idea to consult with a skilled lawyer at our firm to discuss compliance issues and how to qualify for U.S. social security benefits you might be eligible for in the future.
- Tax Planning for Cross Border Individuals & Families: If you are moving to the U.S. or abroad to run a family-owned business, then meet with our lawyers so we can draft a well-rounded tax strategy for your international move.
- Abandonment of U.S. Citizenship or Green Card Status: Tax enforcement in the U.S. is making more and more American business owners consider giving up their citizenship or resident status to embark on business opportunities available in other parts of the world. Our legal team can analyze the economic long-term impact and offer alternative perspectives so you can make informed decisions regarding tax planning and citizenship status.
Speak to a Seasoned Legal Professional at Castro & Co. Today
Castro & Co is committed to serving our diverse clients throughout the world. The lawyers at our firm strive to deliver high-quality legal services for a wide range of international tax matters. If you need advice for structuring your family company to comply with international tax law, please don’t hesitate to get in touch with our law firm to learn more about our client-focused services.
Call us today at (833) 227-8761, or contact us online to request your free consultation with a lawyer at Castro & Co.
Want to Know More?
For a more in-depth explanation about the U.S. Tax System, please watch this video of our Managing Partner explaining Individual Tax Planning.
