Individuals

Expatriate Taxation

Moving overseas for an exciting new opportunity? As you embark on a new chapter in your life, we will guide you through the US tax laws that are applicable to expatriates. While you are abroad, you are still required to file US tax returns annually.

During the year of transition and subsequent years, there are opportunities to exclude income that you earned abroad from US taxation.

M Squared will work with you to ensure you maximize your opportunities for deductions and exclusions.

Moving to the USA

Welcome to the United States!

As you transition yourself and your family to the United States, the last thing you probably want to worry about is taxes. We will take the burden of US tax compliance away from you. We will assist with your annual US tax compliance and provide US tax consultation prior to your move to the US so you can make informed decisions that can affect your US tax liability during the year of transition.

Examples include:

  • Determination of the most tax-efficient US filing status during the first year in the United States

  • Reviewing your foreign investments (i.e. mutual funds, pensions) to determine their US tax implications

  • Reviewing applicable tax treaties to see if they can be beneficial to your scenario

US Real Estate

Purchasing US real estate, either for personal use or for investment purposes, can have significant US tax consequences. We will guide you through the following phases of your investment:

  • Acquisition phase: Setting up a tax efficient acquisition structure and determining appropriate holding company type (i.e. LLC, C Corporation, Partnership, Domestic and Foreign Trusts).

  • Operating phase: Filing your annual US tax returns and maximizing potential deductions.

  • Exiting phase: We will provide a tax efficient exit strategy for your investment. For the foreign sellers, we will help you navigate US FIRPTA requirements and can fully educate you before your exit.

We work with a network of professionals that can assist with setting up legal entities and drafting and reviewing legal documents.

Filing Back Tax Returns

The US international tax laws are complex.  It is not uncommon for taxpayers to miss certain international filings that could carry hefty penalties.  We have extensive experience with offshore delinquent filings.

Currently, the IRS has various programs, including the resident and non-resident streamline programs, that allow taxpayers (both individuals and entities) to become current with their offshore filings while paying little to no penalties.

We can help you determine which program is right for you and get you current with your US tax filing obligations as soon as possible.