International Individual Tax Services
U.S. tax preparation and compliance support for individuals whose financial lives cross borders.
Living, working, investing, or owning assets in more than one country can create U.S. tax and reporting obligations that go beyond a standard individual tax return.
Schmid CPA helps U.S. and international individuals understand their filing requirements, report foreign income and assets, and coordinate their U.S. tax obligations with activity outside the United States.
U.S. Tax Returns with Foreign Income
- Preparation of U.S. individual tax returns involving foreign wages, investments, pensions, rental income, business activity, and other foreign-source income.
U.S. Residency & Filing Status
- Analysis of U.S. tax residency and the appropriate filing requirements for foreign nationals, residents, and individuals moving into or out of the United States.
Foreign Tax Credits
- Reporting and planning for foreign taxes paid or accrued and the potential application of foreign tax credits to reduce double taxation.
Foreign Accounts & Asset Reporting
- Identification of potential reporting requirements involving foreign bank accounts, financial accounts, investments, and other foreign assets.
Foreign Investments & PFIC Considerations
- Identification of foreign mutual funds, ETFs, and other investments that may create additional U.S. reporting and tax requirements.
Ongoing International Tax Support
- Assistance with cross-border tax questions and changing circumstances throughout the year.
International tax compliance requires understanding what happened both inside and outside the United States.
Schmid CPA looks beyond Form 1040 to understand foreign income, accounts, investments, residency, and taxes paid in other countries.
By considering the complete picture, we can identify reporting requirements that may otherwise be overlooked and coordinate the different pieces of the U.S. filing.
International tax requirements can arise from situations that may initially seem routine.
Schmid CPA can assist with:
★ U.S. citizens and residents with foreign income
★ Foreign nationals living or working in the United States
★ Individuals moving to or from the United States
★ Foreign wages and self-employment income
★ Foreign pensions and retirement accounts
★ Foreign rental and investment income
★ Foreign bank and financial accounts
★ FBAR and foreign asset reporting
★ Foreign mutual funds and PFIC considerations
★ Foreign tax credits and double-taxation considerations
★ U.S. and foreign tax-return coordination
International reporting requirements depend heavily on the individual’s specific facts, residency, assets, and income.
Some individuals have one foreign account or source of income. Others have financial lives spanning multiple countries.
Schmid CPA provides support tailored to the individual’s actual circumstances and U.S. filing requirements.
Have income, accounts, investments, or financial interests outside the United States?
Schedule a consultation to discuss your situation and U.S. tax reporting requirements.
