International Tax Services in LA
International Tax Compliance
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FBAR Filing (FinCEN 114) — If your foreign accounts exceed $10,000 in aggregate at any point during the year, you must file an FBAR. We prepare and submit it electronically.
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FATCA Reporting (Form 8938) — The IRS requires separate reporting of specified foreign financial assets above certain thresholds. We determine your filing obligation and prepare the form.
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Foreign Income Reporting — US citizens and residents are taxed on worldwide income. We report foreign wages, rental income, business income, and investment gains correctly on your Form 1040.
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Treaty Benefits — The US has tax treaties with dozens of countries that can reduce withholding rates and prevent double taxation. We identify which treaty provisions apply to your situation.
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Foreign Tax Credit — Calculating and claiming credits for taxes paid to foreign governments so you do not pay tax twice on the same income.
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Controlled Foreign Corporation (CFC) — If you own more than 10% of a foreign corporation, GILTI and Subpart F rules may apply. We handle the complex computations and reporting.
Who We Work With
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Dual Citizens & Green Card Holders — US tax obligations follow your status, not your location. We file returns that account for income and assets in both countries.
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Foreign Investors in US Real Estate — FIRPTA withholding, NRA tax returns, and treaty-based positions all require specialized handling.
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US Expats — The foreign earned income exclusion, foreign housing exclusion, and foreign tax credit are the primary tools for reducing double taxation. We maximize all three.
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International Business Owners — Transfer pricing, foreign entity reporting (Forms 5471, 8865, 8858), and cross-border structuring for businesses operating between the US and other countries.
Why LA Clients Choose Reed Corporation for International Tax
International tax is one of the most penalty-heavy areas of the tax code. A missed FBAR can carry a $10,000 penalty per account per year — even if you did not owe any additional tax. FATCA violations, unreported foreign trusts, and missed CFC filings all carry their own penalty structures that can dwarf the underlying tax liability. We make sure nothing gets missed.
LA’s diverse population means we regularly work with clients connected to countries across Asia, Latin America, Europe, and the Middle East. We understand the treaty provisions, reporting requirements, and planning opportunities specific to each region. Whether you are a first-generation immigrant with family accounts overseas or a business owner with operations on multiple continents, we have the experience to handle your situation correctly.
Sources & References
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Schedule a consultation to discuss your international tax obligations and planning opportunities in Los Angeles.