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Tax Compliance-

United States-based companies transacting business overseas face many challenges in terms of tax compliance. These entities are subject to the local taxing authorities in the host jurisdiction and must still comply with U.S. tax laws. While certain countries have entered into tax treaties with the United States that enable businesses to avoid the pitfall of “double taxation,” others have not. As the global marketplace continues to expand, double taxation has the potential to become even more problematic for U.S. businesses. Additionally, increased collaboration inspired by FATCA between the United States and foreign governments has led to stepped up enforcement efforts in such areas as anti-money laundering, Foreign Corrupt Practices Act (FCPA), and foreign bank account reporting.

The Internal Revenue Service has also renewed its efforts to pursue tax law violations arising out of foreign activities and offshore bank accounts. It is aggressively pursuing international tax violations through the use of both civil audits and criminal investigations and prosecutions. The IRS has announced specific plans to focus on combating tax fraud and tax evasion by auditing U.S. taxpayers who use foreign accounts and offshore business entities in ways the IRS deems abusive or misleading. To assist in these efforts, the IRS and the Department of Justice (DOJ) have expanded their programs of information sharing and cooperation with nations, banks and financial institutions around the world.

The experienced lawyers at The Prime Counsel Law Firm advise companies, banks, trusts and other organizations grappling with international tax law issues. Our attorneys provide sophisticated international tax planning and tax dispute resolution services. Each Virginia/Washington DC international tax attorney at our firm has the skills necessary to handle all types of tax matters, ranging from resolving complex disputes with international banks to counseling clients facing a government investigation of an offshore business or bank account. Our skilled tax lawyers in Washington, DC focus on developing strategies and tactics aimed at managing our clients’ exposure while bringing their disputes to a quick and amicable resolution.

The Prime Counsel Law Firm – International Capabilities, has National strengths in representations on all matters of Tax Compliance. 

The Prime Counsel Law firm attorneys specialize in representing individuals and businesses worldwide dealing with international tax issues. Our clients include:

  • U.S. citizens living and working abroad

  • U.S. citizens with foreign-sourced income

  • U.S. taxpayers with international trusts

  • Non-U.S. taxpayers with U.S.-sourced income

  • U.S. businesses with operations in other countries

  • International businesses with U.S. tax reporting requirements and tax liabilities

  • U.S. and non-U.S. entertainers with worldwide income

  • Expatriates

In order to best meet the needs of our clients, we have developed an extensive network of law firms, legal practitioners and financial professionals around the globe to help counsel our clients facing complex foreign tax issues. These relationships allow our experienced legal team to advise clients on a complete range of international tax matters, including:

  • Offshore Account/ Foreign Bank Reporting

  • International Tax Disputes

  • International Banking Law

  • Residency and Source of Income Disputes

  • Ant-money laundering

  • Foreign Corrupt Practices Act (FCPA)

  • Foreign Account Tax Compliance Act (FATCA)

 

  • To learn more about  how a Washington DC/Virginia  firm specialty in international tax can complete your requirements at The Prime Counsel Law Firm with issues,

  • contact us at: taxcompliance@prime-counsel.com  (703) 951-6565 ext:100

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