Individuals and Families
Whether you are a resident of a taxable or tax-free country, and whether you are a permanent resident or on a temporary assignment overseas, as a US citizen your worldwide income is subject to taxes. With the expertise of GN Global Consulting in US-expat taxes, you can meet your US tax obligations and obtain the maximum benefit available to you under the US tax codes.
GN Global provides a full range of tax consulting services
As a US citizen, you are required to pay taxes on your worldwide income. Moreover, there are informational returns that you must file along with your tax returns.
The Internal Revenue Service (IRS) has this information already available with them through programs such as the Foreign Account Tax Compliance Act (FATCA). Discrepancies in your reporting can have serious civil or criminal consequences.
GN Global with its team of tax advisors who specialize in dealing with US-expat taxes can guide you and help you meet your tax filing obligations. GN Global can help you identify your reporting obligations such as foreign bank accounts, foreign real estate, foreign financial asses and at the same time get the maximum available deductions on your income and reduce your tax liability.
At GN Global we assist our clients to with:
- Individual US Federal tax returns
- Individual State & Local income tax returns
- Business income tax returns
- Foreign Bank Accounts Reporting
- Other Internal Revenue Services forms including Foreign Partnership reporting and Foreign Trust reporting
At GN Global our preparers can help you get the maximum available deductions to reduce your income tax liability. Our tax experts ensure that your returns are completed accurately and filed within the deadlines.
GN Global can help you protect your assets by setting up appropriate Estates and Trusts or other legal vehicles.
You can rely on our expertise and experience to protect your assets from fictitious claims, lawsuits or IRS penalties. Our team can build a customized asset protection plan, tailored to meet your needs.
US Citizens Living Abroad
You may be one of the seven million US citizens living abroad. As an expat some of the ways we can help you are:
- Avoiding the possibility of double taxation
- Proper taxation of capital gains and capital losses
- Declaration of foreign income and assets
- Opening, maintaining and closing foreign bank accounts
- Disinvesting in US securities
Experts at GN Global have been helping US-expats for over a decade. As an expat, you can count on our expert tax advice to meet your tax obligations.
Foreign Account Tax Compliance Act (FATCA)
The Foreign Account Tax Compliance Act (FATCA), which was passed as part of the HIRE Act, requires foreign financial institutions and certain other non-financial foreign entities report on the foreign assets held by their US account holders or be subject to withholding on payments. The HIRE Act also contains provisions for US persons meeting certain reporting thresholds to report their foreign financial accounts and assets.
GN Global team can help you in handling your FATCA obligations by identifying your reportable assets and helping you submit the relevant forms to the IRS.