Cross-Border Tax Advisory
Cross-Border Tax Advisory
International Tax Solutions for Professionals and Businesses with Foreign Income
Interested in reducing your international tax obligations while maintaining compliance in multiple jurisdictions? Our CPAs work with global professionals and businesses, managing complex international tax requirements across borders. We help you structure your finances properly, file accurate returns, and implement strategies that align with both US and international tax laws.
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- Estelle Meyer
Multi-Country Tax Compliance Without Complexity
International tax requirements change frequently, creating risk for professionals and businesses operating across borders. Our CPAs manage tax obligations in multiple jurisdictions, preventing costly mistakes and missed deadlines. Clients working with our team have saved thousands of dollars through proper tax treaty applications and foreign tax credit strategies. We handle reporting requirements for foreign bank accounts, investments, and business interests, maintaining compliance while reducing your tax burden.
Strategic Tax Planning for Global Income
Your international income requires a structured approach to taxation. Our team creates clear strategies for stock options, foreign real estate, and international investments. We apply proven methods that have helped clients reduce their international tax exposure by up to 25%. Through proper timing of income recognition and strategic use of tax treaties, we position your finances for tax efficiency across all relevant jurisdictions.
Expert Guidance on International Business Structure
The right business structure makes a significant difference in international taxation. Our CPAs analyze your global operations and recommend tax-efficient arrangements that work across borders. We help establish and maintain structures that reduce worldwide tax rates while satisfying reporting requirements in each jurisdiction. Our clients benefit from specific strategies for transfer pricing, profit repatriation, and international expansion.
Your Personal and Business Accounting Team
George Dimov
President
Stan Shraybman, MBA, EA
Senior Tax Manager
Bob Liu, CPA
Senior Accountant
Xintian Wang, CPA
Senior Tax Manager
Our Signature Cross-Border Taxation Services
Tax Planning
We develop strategic tax plans that consider your international income sources, investments, and business activities. Our team analyzes tax treaties and international regulations to identify opportunities for legitimate tax reduction. Each plan includes specific action items and timelines to help you achieve measurable tax savings.
Tax Return Preparation
Our CPAs handle complex international tax returns, including required forms for foreign income, assets, and business interests. We manage reporting for both US and Canadian jurisdictions, maintaining compliance with FBAR, FATCA, and other international requirements. Our detailed review process has helped clients avoid penalties while identifying additional deductions and credits.
International Tax Structure
We analyze and implement tax-efficient structures for businesses operating across multiple countries. Our recommendations include specific strategies for transfer pricing, profit repatriation, and international expansion. These structures have helped clients reduce their effective tax rates while maintaining compliance in all jurisdictions.
Cross-Border Tax Advisory
Our team provides specialized guidance for US and Canadian citizens living and working abroad. We address specific challenges like foreign earned income exclusion, housing deductions, and pension reporting. Our expat clients benefit from coordinated tax planning that considers obligations in both their home country and country of residence.
Tax Dispute Resolution
When tax authorities raise questions, we represent your interests with proven experience in international tax matters. Our team handles correspondence, provides required documentation, and works directly with tax agencies to resolve issues. We maintain a strong record of successful resolutions while minimizing additional tax assessments and penalties.
International Compliance
We conduct thorough reviews of your international tax positions to identify risks and opportunities. This process includes examining past filings, current structures, and future obligations across all relevant jurisdictions. Our reviews have helped clients correct past issues and implement stronger compliance processes going forward.
Get award-winning accounting services
Reduce your international tax burden with proven strategies that save our clients an average of $10,000+ annually. Our CPAs focus on multi-jurisdictional tax requirements, identifying valid credits and deductions available through tax treaties and international agreements. Ready to work with tax professionals who handle returns across borders and help you make informed decisions about your global financial position? Contact us today!
Resources From Our Expert Accountants
Optimize your cross-border taxes and save thousands
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FAQs on Cross-Border Taxation
What type of cross-border tax services does Dimov Tax provide?
Services We Offer:
Tax Planning: Collaborate with us to create a customized tax strategy aligned with your unique goals. We will dicuss what you can do today in order to create the maximum tax savings in the future.
Tax Return Preparation: Our team streamlines cross-border tax law navigation, ensuring full compliance with regulations. We prepare both US and Canadian tax returns.
International Tax Structuring: Optimize your business structure to minimize tax liabilities and enhance profitability. Our experienced team excels in international tax structures, crafting the ideal solution for your business.
Tax Advice for Expats: Gain expert insights into tax obligations for individuals working and living abroad. Stay compliant with tax laws in both your home country and country of residence.
Tax Dispute Resolution: If a tax dispute arises, we leverage our experience with global tax authorities to efficiently protect your interests.
At DimovTax, we’re committed to providing top-tier service and expertise, assisting you in overcoming the challenges of international operations. Connect with us today to discover how we can address your cross-border tax needs.
What is the taxation Cross-Border Trade Act?
The Cross-Border Trade Act establishes rules for taxing goods and services traded between countries. It defines how customs duties, tariffs, and taxes apply to international transactions, while setting standards for tax collection and enforcement across borders. In the US, this legislation works alongside international tax treaties to determine how cross-border business activities are taxed.
What is withholding tax cross-border?
Cross-border withholding tax is a percentage of income deducted at the source when payments are made from one country to another. This applies to various types of income including dividends, interest, royalties, and certain services. The withholding rate varies based on tax treaties between countries and the type of income involved.
What is a cross-border tax?
Cross-border tax refers to tax obligations that arise when individuals or businesses conduct activities across national boundaries. This includes income earned in foreign countries, international investments, overseas property ownership, and multinational business operations. These transactions often involve tax considerations in multiple jurisdictions and may be subject to various tax treaties.
What is the US withholding tax on foreigners?
The standard US withholding tax rate for foreigners is 30% on investment income such as dividends, interest, and royalties. This rate may be reduced through tax treaties, with many countries qualifying for rates between 5-15%. Different rates apply to wages and business income, which follow separate withholding rules under US tax law.
Do I have to pay taxes in the US as a foreigner?
Yes, if you have US source income. Non-resident aliens must pay US taxes on income earned from US sources, including wages, investments, and business profits. The specific tax obligations depend on your residency status, the type of income, and whether your country has a tax treaty with the US. Green card holders and tax residents must report worldwide income.
Can I claim back withholding tax from the US?
Yes, you can claim a refund of excess US withholding tax by filing Form 1040NR. This applies when the withholding exceeds your actual tax liability or when you qualify for reduced rates under a tax treaty. Claims must be filed within three years from the original due date of the return or two years from when the tax was paid.
How much is the US tax exemption for foreigners?
For 2024, non-resident aliens can claim a personal exemption of $4,150 through tax treaties. Additionally, foreign earned income exclusion allows US citizens and residents abroad to exclude up to $120,000 of foreign earned income. Specific exemption amounts vary based on residency status, income type, and applicable tax treaties.