International Tax Planning
Avoid Problems with Your International Tax Liabilities
International tax law is a legal practice area that concerns the taxation statutes and rules that impact multiple jurisdictions. Most people don’t need to worry about how this area of law impacts their lives. However, it is certainly relevant for those with money, property, or a business in at least one other country.
The U.S. government takes taxation of foreign assets seriously. Whether you’re investing in a foreign mutual fund, securities, real estate, or have a foreign bank account, you must report these things to the IRS every year and pay any applicable tax on them.
When your estate includes offshore assets, you need an international tax planning attorney to help you make sense of your tax liability to the United States. An experienced tax lawyer can help you understand how the tax laws in other countries can affect your assets.
Our International Tax Planning Services
Complicated tax codes can seem designed to entrap you for a serious fine or penalty for simply not knowing some obscure area of tax law. At Castro & Co., we can help you make sense of even the most complex tax codes. Our attorneys are experienced and qualified enough to help you avoid getting tripped up by an unforeseen complication with your international taxes.
We can assist you with:
- Private International Tax Planning
- Streamlined Filing Compliance Procedures
- Pre-Immigration Tax Planning
- U.S. Tax Treatment of Australian Superannuation
- Tax-Free Extraction of U.S.-Based Pensions
- Expatriation Exit Tax Planning
With our assistance, you can rest easier knowing that someone with the correct credentials is looking out for your best interests. You can benefit from meeting with our international tax planning attorneys today.
What Is International Tax Law?
International tax law is a legal practice area that concerns the taxation statutes and rules that impact multiple jurisdictions. Most people don’t need to worry about how this area of law impacts their lives – because it may not at all – but it is certainly relevant for those with money, property, or a business in at least one other country.
How Can an International Tax Planning Attorney Help Me?
While a focus for many people seeking the assistance of an international tax planning lawyer may be to avoid doing something wrong by mistake, Castro & Co. can do more for you than protect your liability. A proper international tax plan is one that not only manages your risk of incurring the wrath of the IRS but also seizes opportunities to help you thrive.
Primarily, we can do this by helping you identify where you can claim tax credit and deductions that can lower your overall tax liability and save more money. In fact, don’t look at it as saving money – look at it for what it really is: paying only what you really owe to the U.S. government. Because you may feel like you’re already under a microscope for engaging in business overseas, it would be worse to feel like Uncle Sam is shaking you upside-down by your ankles. It doesn’t have to be that way when you get help from Castro & Co.
Reach out to our international tax planning attorneys today to get a comprehensive tax plan that can help you pay only what you actually owe to the IRS. Contact us online today for help!
AMT Tax Planning
Our tax attorneys will help reduce the odds that you'll owe the AMT through proper tax planning.
Domestic & International trusts, assistance with life planning documents and services for businesses, which include customized retirement plans.
Inheritance Tax Planning
Received an inheritance? Our tax attorneys will help structure a tax efficient strategy that works for you.
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.
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.
Offshore Tax Compliance
Tax planning for individuals with offshore accounts in other countries. (FATCA).