Our Specialists
Related Services
US Tax Advisory and Tax Return Compliance
Switzerland and US-Connected Individuals
Pensions
Estate Planning
Forms to Consider
The IRS and HMRC have hundreds of forms for specific situations, below is a partial list.
- Form 1040: US Individual
- Form 1040NR: US Non-resident
- Form 8938: Specified Foreign Financial Assets
- Form 709: US Gift Tax
- Form 3520: Foreign Trust, Inheritance and Gift Reporting
- Form 5471: Controlled Foreign Corporations
- Form W-7: ITIN Application
- FinCEN Form 114: Foreign Bank Account Report Form (FBAR)
- UK Self-Assessment
US citizens living in the UK, Switzerland, Europe and countries around the world face many obstacles to their financial, wealth and estate planning when multiple jurisdictions are involved, including the related filing requirements.
The US is the only developed country in the world that taxes its citizens and residents on worldwide income and gains, no matter where they live. US persons, whether living in the US or in a foreign jurisdiction, with investments, financial accounts, trusts, partnerships and companies outside the US are also exposed to additional US tax compliance obligations and planning issues. These cross-border financial planning and international tax issues are complex but do not have to be overwhelming.
Our Advisory Services
- Advice on the efficient use of foreign tax credits
- Tax implications of investments, property purchases (especially the purchase of a home) and foreign business ownerships
- Wealth and inheritance tax planning
- Trust advisory and compliance services
- Pension tax planning
- Employee stock options
- Advice on tax issues where there is an interest in non-US corporations, partnerships and trusts
- Expatriation tax advice and compliance
- State tax advice
- Tax Treaty advice
We are members of the GGI Global network with professional tax and legal advisors in 126 countries around the world to support complex multi-jurisdictional cases.
Our Compliance Services
Under the US tax system, US persons are required to file annual US income tax returns and various additional informational reports as applicable such as FBARs (FinCEN From 114). Non-US persons must also comply with the US tax rules if they have investments in the United States, income or gains from the US, or own US entities through a non-US structure.
Failure to file the returns and reports in a timely manner, or incorrectly, can result in substantial penalties.
Holistic service from cross-border professionals
Cross-border financial planning and international tax issues are complex and require specialist advisors. Our Private Client Group includes highly qualified and experienced experts in both US and UK tax advisory, including the complex specialism of US/UK cross-border tax planning, and compliance for US-connected individuals anywhere in the world. Contact us to discuss how we can help you.
Insights
For our full library of articles click here
2024 US Deadlines to Consider for 2023 US Tax Year
Glenn Snow | January 18, 2024
The US tax year runs from January 1st to December 31st each year. For anyone subject to US tax systems,
IRS Issues Guidance and Solicits Feedback on Nonfungible Tokens (“NFTs”)
Inna Ganz | March 23, 2023
On March 21, 2023, the Treasury Department and the Internal Revenue Service (the “IRS”) announced that they were requesting comments regarding
Passive Foreign Investment Company (PFIC)
James Debate | February 22, 2023
American citizens and resident aliens are all too familiar with the IRS practice of worldwide taxation. For most expats, this
Streamlined Voluntary Disclosure Explained
David M. Daley | February 07, 2024
PLEASE NOTE: The section below on Controlled Foreign Corporations was added on the 25th of April, 2024. The IRS offers
Why Missing the June 15 Tax Deadline for US Taxpayers Abroad Could Be Costly?
Glenn Snow | May 22, 2023
If you are a US taxpayer (citizen, Green Card holder or resident) living abroad, this time of year can be
