US Tax Compliance

Home – Services – US Taxes

US Tax Compliance

Navigate US Tax Laws Confidently, Expert Guidance for US Tax Filings

US tax regulations can be complex, with rules that vary based on your income, filing status, residency, and more. Our expert team is here to guide you through every step of the process, ensuring your compliance while optimizing your tax situation.

Services Overview

Optimizing taxes

Optimizing taxes by choosing the right filing status / relevant elections – Choosing the right filing status depends on your marital status, dependents and more importantly on your residential status in the US.

Federal Tax Return

Certain critical aspects such as itemized Vs standard deduction, ITINs, filing of relevant forms (1116, 8838, 5471 etc.) makes the Federal tax filing more complex in case of cross border moves.

State and City tax returns

One of the unique features of US tax laws is filing of tax returns for most states and certain cities as well.

Extensions

Filing of relevant extensions grants more time to gather necessary information especially in case of individuals touching multiple countries besides helping to avoid late filing penalties.

FBAR

FBAR reporting is separate filing in itself. Involves reporting of foreign bank accounts, investment accounts, insurances etc.

PFIC

Indian investments such as mutual funds, AIFs, REITs, ETFs etc. may qualify as PFIC and has a separate reporting requirement through Form 8621

ITINs

This typically applies to non-resident aliens, dependents or spouses of US citizens or resident aliens, and individuals with tax-reporting obligations in the United States who do not qualify to obtain SSN.