New to the U.S. Tax System? Get Clarity on Your U.S. Tax Obligations.
Moving to the United States brings new opportunities, but it can also introduce complex tax and reporting requirements for your foreign income, financial accounts, investments, and businesses.
At Shimotsu PPLC, we help individuals navigate U.S. international tax compliance, understand their filing obligations, and make informed decisions about their financial responsibilities.
Whether you've recently become a U.S. resident, own a foreign business, or need help with your first U.S. tax return, get the specialized guidance you need to move forward with confidence.
Get Help With Your U.S. Tax Obligations
Let's identify your filing requirements and create a clear path toward compliance.
Common Situations We Help With
You may need specialized international tax assistance if you:
Recently moved to the United States
You've relocated to the U.S. and need to understand how your move affects your tax residency, worldwide income reporting, and first-year U.S. tax return.
Became a U.S. tax resident while owning foreign assets
You have overseas bank accounts, investments, or other financial assets and need to determine which U.S. tax and information reporting requirements apply.
Retained a foreign company after moving
You continue to own or operate a business abroad and need help understanding how your ownership, business income, and company structure may affect your U.S. tax filings.
Hold foreign bank or investment accounts
You maintain financial accounts outside the U.S. and need to understand potential FBAR, Form 8938, and related reporting obligations.
Need help with your first U.S. tax filing
You're filing U.S. taxes for the first time and need assistance understanding residency, foreign income, applicable tax forms, and potential foreign tax credits.
International Tax Forms and Reporting Requirements
U.S. international tax compliance can involve more than a standard individual income tax return. Depending on your residency, financial interests, and business ownership, you may have additional filing and disclosure requirements.
FBAR
Foreign Bank Account Report (FinCEN Form 114) for qualifying foreign financial accounts.
Form 8938
Statement of Specified Foreign Financial Assets for applicable taxpayers.
Form 5471
Information reporting for certain U.S. persons with interests in foreign corporations.
Form 8858
Information reporting for certain foreign disregarded entities and foreign branches.
Foreign Tax Credits
Evaluate potential credits for qualifying foreign income taxes paid or accrued.
Residency & First-Year Filing Analysis
Review tax residency and applicable reporting requirements for your move to the U.S.
Filing requirements depend on individual circumstances, applicable thresholds, and current tax law.
International Tax Insights & Resources
Understanding your U.S. tax obligations starts with having the right information. Explore educational resources on international tax compliance, foreign financial reporting, and navigating your transition to the U.S. tax system.
FAQ
These FAQs provide general information, not individualized tax advice. Filing requirements and available relief depend on the facts and applicable law.
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Take the first step towards a stress-free tax season.
Contact us today, and let us show you how simple and efficient managing your taxes can be.
Houston, TX, USA