US Residents and Citizens

If you are a US resident / US citizen you know you have to pay income taxes to the IRS on your worldwide income.

What you may not know is that there are countless strategies and opportunities to lower this income tax in a completely legal way.

If you are serious about growing your business and want to work with us to open your company, schedule a free consultation to get started.

We work for our clients, we do not work for the IRS.

In the below sections we review some of our services but the primary and most valuable service we offer is U.S. tax planning.
Read through the tabs below, specifically in sections that apply to you.

Over the years we have developed certain expertise in differents niches of Taxation, and want to share some of those services here. If we don’t mention strictly any section below, we invite you to schedule a call to speak with us if you need help with any of the issues below.

I assume that most of you reading know this but U.S. citizens, green card holders and residents must report their worldwide income on their annual tax returns. For most people this is easy enough, especially if you only have one source of income.

However for those with foreign corporations, trusts, domestic or foreign partnerships, etc, completing their annual tax forms is much more complicated and although it’s important for everyone to complete their tax returns, those with businesses and investments are at a much higher risk for significant penalties should they not file on time.

Properly completing us tax returns is one of the first skills that a tax professional learns. Over our careers we have seen it all and are aware of the current tax laws and all changes as they come.

If you want your returns prepared by professionals with large accounting firm experience at smaller firm prices contact us today.

Remember, we work for YOU, not the IRS.

If you want to work with us, schedule a call today.

When was the last time you sat with a tax professional and reviewed your operations and expenses before the end of the tax year? Often, business owners only talk to their accountant once or twice a year and this is when the tax returns are due. This is very unfortunate because after the year is over there is very little an accountant can do to reduce your tax liability. The majority of tax-saving strategies need to be implemented before year-end.

 

If you haven’t engaged and been proactive U.S. tax planning you are likely greatly over paying your taxes. Most clients we work with lower their tax bill by $20,000 per year. That means before working with us, our clients were overpaying their taxes by the same amount.
Since we started focusing on proactive tax planning for our clients in 2016, we have become very efficient in determining tax-saving strategies for our clients. After one phone call with us we will be able to determine more or less how much we can save you in taxes. If your business is generating income and you are paying taxes, I urge you to schedule a consultation with us today so we can help ensure you don’t give the IRS more money than you have to.

 

If you want to work with us, schedule a call today.

Recently we have found more and more people living outside of U.S. are U.S. citizens who have never filed U.S. tax returns. These individuals were often born in the United States and received their U.S. citizenship at birth, would still have a requirement to report their worldwide income to the IRS and potentially pay any taxes. This also includes foreign bank account reports.

These accidental U.S. taxpayers from higher tax jurisdictions, working as employees, typically have very low risk for penalties and unpaid taxes. But entrepreneurs with foreign corporations partnerships and non US Investments are at very high risk of serious penalties. A US taxpayer who does not report ownership of a foreign corporation is subject to a $25,000 penalty for a company per year. For many entrepreneurs, this creates the potential for some insane penalties.

Fortunately, the IRS has created certain programs for those who qualify they were unaware of their US tax filing responsibilities. This streamlined styling opportunity requires all applicants to certify that they we’re not aware of their US tax filing obligations. Additionally the applicants must file the last 3 years of income tax returns and the last seven years of foreign bank account reports.

If your application is accepted, the IRS will waive all penalties and interest associated with the late filing. As of this writing, we have a 100% streamlined filing acceptance rate.

If you find yourself in the situation, I heard you to schedule a call with us today. Why this program is extremely helpful for its applicants, it is not known how long the IRS will leave this program open. Most other offshore voluntary disclosure initiatives have been closed by the IRS and this is the last option for most.

If you want to work with us, schedule a call today.

If you owe taxes to the IRS you already know that they are very aggressive and trying to get this money back. We love working with clients that owe money to the IRS because we are often able to immediately lower the taxes due by fixing their previously filed returns. This is the quickest way for us to save you the greatest amount of money, as most of our tax resolution clients come to us without having taken all their expenses or even filing all of their prior year tax returns. We specialize in making sure that you pay the lowest taxes legally possible.

After we’ve determined that your tax returns have been properly prepared and filed, we move to resolve the outstanding tax and abate any penalties. Penalty abatement can be very tricky, but is possible if you know the rules (we do).

First review prior tax returns and lower the amount due by filing amended returns, and then we need to reach out to the IRS to stop collection efforts while we review what you are eligible for.

Are you interested in settling your tax debt with the IRS for “pennies on the dollar”, as is often advertised? We have done this for our clients and saved hundreds of thousands of dollars in taxes. Maybe you don’t qualify for an offer in compromise but can benefit from a partial pay installment agreement. Maybe we can get you in currently not collectible status until your tax expires in 10 years. You have options, we just need to root you your case to determine which options you actually qualify for.

If you want to work with us, schedule a call today.

Nonprofits are typically set up by creating a legal entity in a state and subsequently applying for tax-exempt status with the IRS. These companies are used as a way to collect tax-deductible donations and use the funds for charitable causes. Non-profit companies do not pay taxes, and are eligible to receive grants and promotions from various companies.

We assist our clients and setting up nonprofits that’s support and align with the services of our clients principal businesses. For example, we have a non-profit entity which focuses on educating international entrepreneurs interested in starting their own business in the U.S. There are many benefits to having a non-profit company like this.

If you are interested in learning more and potentially having your own non-profit, contact us today.

If you want to work with us, schedule a call today.

Most of our asset protection advice goes to our tax planning clients.The goal of asset protection is simple and stated in its title, however is differ for each client. Estate planning is a bit different and more detailed. US Tax Residents have an 11 million dollar estate tax exemption, while US Non-residents only have a $60,000 exemption.

Having a grantor trust set up to protect your estate through the probate process, the proper amount and type of life Insurance, and correctly setting up transition plans for your business are just a couple ways we help our clients protect their estates. But those with assets in excess of 11 million (22 million for married couples) generally have very diversified estates.

For non-residents the planning is a bit more simple. generally the only us assets are in real estate and stock Investments, so the advice we give our non resident clients is a bit more standardized.

What’s the point in working your whole life just to lose it all because of poor estate planning. It is so important to have the right legal documents and structures in place so that should something unfortunate happen, your family will not be left stranded. Schedule a call today if you would like assistance with this.

If you want to work with us, schedule a call today.

Schedule a call today to see if you would benefit from working with us.

Hint: If you want to use a US company to make more money, save time, get more clients and grow your business in the most efficient way possible – you will benefit from working with us!

We first need to understand your business and goals to determine the best structure for you.

This involves having a video call with James Baker to talk about your business and make a plan. Schedule a call today to learn how having the right US company can transform your business.

Do you want to make more money and pay fewer taxes?

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Testimonials

After working with us, our customers are able to operate confidently in a tax optimized structure en route to surpassing their business and financial goals.

“It’s an absolute pleasure working with him.”

“I needed a bank account and a company. He did it in three days.”

“I don’t need to worry about it anymore.”

“Jim is very organized. I wholeheartedly recommend him.”

“They help me design tax-efficient strategies.”

“Always an absolute pleasure.”