Foreign Tax Credit Laws

 - How They Directly Affect You

There are countless foreign nationals who live, work, and invest in the United States; just as there are numerous citizens of the United states living and working overseas. There are also numerous businesses that have satellite facilities in other countries or at the very least have controlling interests in overseas companies. The foreign tax credit was created in order to ensure that these individuals and businesses are not subject to double taxation.

Do you know exactly how international tax laws affect you personally? Are you aware of what your business is entitled to under various international tax treaties? The tax experts at Gordon, Gelley & Co., PLLC are not only well-versed in all matters related to foreign taxes, but we can also demonstrate to you how they directly apply to you and your tax situation.

There are many types of complex international taxation problems that individuals and businesses alike can run into.

Individuals can face the risk of running into tax problems for the following types of situations.

• US citizens who live and work overseas
• US citizens who are shareholders in foreign operated businesses
• US citizens who receive cash gifts from overseas sources
• Foreign nationals who live and work in the US
• Foreign nationals who are shareholders in US operated businesses

How Gordon, Gelley & Co., PLLC Can Help

We offer a variety of international tax planning services that will help to meet the requirements of your unique tax situation.

• Being well-versed in international tax laws, we can help new companies to determine the best methods of operating their businesses on United States soil by determining which tax laws will affect them directly.
• For businesses that are currently operating on US soil, we can provide guidance with the preparation of all relevant tax returns.
• We can also provide you with tax representation with the IRS or other government agencies if required.
• We will help you to determine how the foreign tax credit affects you as an individual and as a corporation.

Our international tax consultant services will help you to swiftly navigate the world of cross-border tax laws in order to minimize confusion, minimize errors, and to maximize business efficiency.

If you do not correctly comply with cross-border tax laws that are applicable to your unique situation then you may just find yourself with a world of trouble that includes undergoing strict audits by the Internal Revenue Service and other government agencies.

Your team at Gordon, Gelley & Co., PLLC will carefully analyze your situation and devise a workable solution that serves several key purposes.

• Ensures your compliance with laws that apply to you as an individual or a business
• Ensures your tax returns are organized, detailed, and submitted correctly
• Ensures you, or your business, are reaping benefits from tax credits and incentive plans that can help to minimize your tax expenses

Working closely with your international tax advisor you will be able to rest assured that your taxes are in the most reliable hands possible. Allow Gordon, Gelley & Co., PLLC to guide you and your business along the tricky waters of understanding how international tax laws and the foreign tax credit have a direct impact on you.