I own a company outside the United States. What are my U.S. tax reporting obligations?

Ownership in a foreign corporation may require Form 5471 and related disclosures. MT Bachani CPA assists with foreign entity reporting, financial statement alignment, and coordination between foreign company records and U.S. tax filings.

What happens if I miss international tax filings such as FBAR or FATCA?

Missing international filings can create significant penalty exposure even when no tax is due. MT Bachani CPA helps identify missing filings, correct reporting issues, and reduce compliance risk.

How do you manage clients with multiple countries and entities?

MT Bachani CPA maps income sources, foreign accounts, entities, and reporting requirements across jurisdictions. We coordinate individual and corporate filings so the tax position is consistent and audit-ready.

Can you review and fix an existing complex tax return?

Yes. MT Bachani CPA reviews complex returns, identifies inconsistencies, corrects international reporting issues, and helps reduce audit risk before filing or amendment.

I own a company outside the United States. What are my U.S. tax reporting obligations?

Ownership in a foreign corporation may require Form 5471 and related disclosures. MT Bachani CPA assists with foreign entity reporting, financial statement alignment, and coordination between foreign company records and U.S. tax filings.

What happens if I miss international tax filings such as FBAR or FATCA?

Missing international filings can create significant penalty exposure even when no tax is due. MT Bachani CPA helps identify missing filings, correct reporting issues, and reduce compliance risk.

How do you manage clients with multiple countries and entities?

MT Bachani CPA maps income sources, foreign accounts, entities, and reporting requirements across jurisdictions. We coordinate individual and corporate filings so the tax position is consistent and audit-ready.

Can you review and fix an existing complex tax return?

Yes. MT Bachani CPA reviews complex returns, identifies inconsistencies, corrects international reporting issues, and helps reduce audit risk before filing or amendment.

CPA Tax & International Filing Services | MT Bachani CPA

Q: Do I need to report foreign bank accounts to the IRS?

If you hold financial accounts outside the United States, you may be required to file an FBAR, also known as FinCEN Form 114. MT Bachani CPA helps clients identify reportable accounts, track required account information, and complete foreign account reporting accurately.

Q: What is FATCA Form 8938, and how is it different from FBAR?

Form 8938 is used to report specified foreign financial assets, while FBAR reports certain foreign financial accounts. These filings may overlap but have different rules. MT Bachani CPA reviews both requirements to ensure foreign assets are reported consistently and correctly.

Q: How do you help avoid double taxation on foreign income?

Double taxation may be reduced through the Foreign Tax Credit on Form 1116 and proper classification of foreign-source income. MT Bachani CPA helps determine the correct income category and applies available credits appropriately.

Q: What is GILTI and when does it apply?

GILTI can apply when a U.S. taxpayer owns certain foreign corporations and may create U.S. tax even if income is not distributed. MT Bachani CPA analyzes whether GILTI applies and whether the high-tax exception or other planning opportunities are available.

Q: Do I still need to file U.S. taxes if I live or work abroad?

U.S. taxpayers generally must report worldwide income even when living or working abroad. MT Bachani CPA helps individuals with foreign income, foreign tax credits, foreign account reporting, and cross-border compliance.

Q: I sell products internationally. What tax obligations should I expect?

International sales may create VAT, GST, HST, customs, or sales tax obligations depending on where customers are located, where inventory is stored, and how products are shipped. MT Bachani CPA helps businesses evaluate registration requirements and align tax collection with their selling platform.

Q: What is the difference between DDU and DDP shipping?

DDU generally means the customer pays duties and taxes at delivery, while DDP generally means the seller handles taxes and duties before delivery. The choice affects VAT or GST registration, customer experience, and compliance responsibilities.

Q: Do I need to register for VAT or GST in other countries?

VAT or GST registration depends on sales thresholds, shipping model, inventory location, and local tax rules. MT Bachani CPA helps businesses review requirements for international expansion and ongoing compliance.

We don’t just prepare returns — we fix complex tax issues, correct filings, and build audit-ready financial systems for individuals and businesses.

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How We Support International Tax Clients

International tax CPA reviewing foreign tax documents

Compliance

FBAR and FATCA filings
Foreign entity reporting (Form 5471)
Cross-border income reporting

Optimization

Foreign tax credit structuring
GILTI analysis and mitigation
Coordination between U.S. and foreign tax systems

Foreign corporation reporting Form 5471 CPA

Business & E-Commerce Expansion

VAT/GST registration and setup
Multi-country tax structuring
Indirect tax compliance for global sales

International tax return review and compliance

Ongoing Support

Annual filings and updates
Monitoring compliance thresholds
Responding to IRS or state inquiries

Form 8858 / 5471 / 5472 – Foreign-Owned or International Reporting

We manage foreign-owned LLC compliance and U.S. international reporting, including foreign shareholders, related-party transactions, and controlled entities.

Form 1041 – Estate & Trust Return

We prepare fiduciary returns for estates and trusts, distribute income correctly, and ensure compliance with beneficiary allocations.

We work with individuals and businesses operating across multiple jurisdictions and have experience handling international tax reporting for both personal and corporate structures in a wide range of global markets.

Real Tax Problems We Solve

International Tax Issues

Foreign tax credit errors
FBAR / FATCA non-compliance
GILTI / foreign corporations

State Tax Errors

Residency misclassification
Missing credits
Multi-state filings

Incorrect Tax Filings

Duplicate deductions
Broken Schedule E / K-1 flows
Misreported income

Brokerage & Capital Gains

Wash sale errors
Missing 1099-B data
Incorrect carryforwards.

TECHNICAL CPA EXPERTISE

Technical Tax Issues We Handle (CPA-Level Review)

Section 179 vs Bonus Depreciation optimization
K-1 reconciliation and Schedule E corrections
Removal of duplicate deductions (audit risk mitigation)
Foreign Tax Credit (Form 1116) structuring
GILTI High-Tax Exception (Form 8992)
529 vs Education Credit coordination
Wash sale adjustments and capital loss validation
FBAR & FATCA compliance
QBI (Section 199A) carryforward tracking

Tax Returns We Prepare

Individuals

Complex Form 1040
Multi-state filings
Foreign income / expats

Business

Form 1065 (Partnerships)
Form 1120 / 1120S
Multi-entity structures

International

Form 5471 (Foreign corporations)
Form 1116 (Foreign tax credit)
FBAR / FinCEN 114

Specialized

E-commerce (Shopify / Amazon)
Real estate investors
High-net-worth individuals

International & Cross-Border Tax Expertise

When your income crosses borders, compliance becomes critical.

We help clients:

Avoid double taxation
Properly report foreign income
Structure foreign corporations correctly
Stay compliant with FBAR and FATCA

Specialized Areas:

Form 5471 reporting
GILTI high-tax exception modeling
Foreign tax credit optimization
Cross-border income structuring

Why MT Bachani CPA PLLC?

CPA-led — not bookkeeping-level work
Audit-ready, defensible tax positions
Deloitte-trained approach to complex issues
Cross-return validation (1065 → K-1 → 1040)
Odoo-integrated financial systems expertise
Clear, structured communication

Need a CPA to Review or Fix Your Tax Return?

If your return feels complex, inconsistent, or unclear — we can review it and identify risks before they become problems.

International Tax & Cross-Border Compliance – FAQs

Do I need to report foreign bank accounts to the IRS?

Yes.

If you hold financial accounts outside the U.S., you may be required to file an FBAR (FinCEN Form 114).

We help clients:

Identify which accounts must be reported
Track maximum annual balances correctly
Ensure filings are complete and compliant

We regularly support individuals and business owners with multi-jurisdictional financial activity across multiple regions globally.

What is FATCA (Form 8938), and how is it different from FBAR?

FATCA requires reporting of foreign financial assets, which may include:

Bank accounts
Investment portfolios
Ownership in foreign entities

FBAR and FATCA often overlap but are separate filings with different thresholds and rules.

We:

Determine which filings apply
Reconcile both forms to avoid inconsistencies
Ensure accurate and complete disclosure

I own a company outside the U.S. — what are my reporting obligations?

Ownership in a foreign corporation can trigger complex reporting requirements, including:

Form 5471 (foreign corporation reporting)
Financial statement alignment with U.S. tax reporting
Ongoing compliance tracking

We work with both individuals and corporate structures to:

Ensure proper reporting
Align foreign financials with U.S. tax rules
Avoid penalties and misclassification issues

How do you help avoid double taxation on foreign income?

The U.S. taxes worldwide income, but double taxation can often be reduced through:

Foreign Tax Credit (Form 1116)
Proper classification of income (passive vs. active)
Strategic allocation across jurisdictions

We ensure:

Foreign taxes are properly utilized
Credits are not lost or misapplied
U.S. and foreign tax systems are coordinated correctly

What is GILTI and when does it apply?

GILTI can apply when U.S. taxpayers own foreign corporations and may result in tax on undistributed income.

We:

Analyze whether GILTI applies
Evaluate eligibility for the High-Tax Exception
Structure filings to minimize unnecessary tax exposure

Do I still need to file U.S. taxes if I live or work abroad?

Yes.

U.S. taxpayers are required to report worldwide income, regardless of where they live.

We support clients who:

Live outside the U.S.
Earn foreign employment or business income
Maintain financial ties across multiple countries

I sell products internationally — what tax obligations should I expect?

Selling into multiple countries can trigger:

VAT (Europe / UK)
GST/HST (Canada)
Sales tax and customs obligations

We help businesses:

Determine where registration is required
Structure tax collection correctly
Align systems (e.g., Shopify) with tax rules

What is the difference between DDU and DDP shipping?

Shipping structure directly affects tax compliance and customer experience.

DDU (Delivered Duty Unpaid):

Customer pays taxes on delivery
Lower compliance burden initially

DDP (Delivered Duty Paid):

Taxes collected at checkout
Requires registration and reporting

We advise on:

Which model fits your business
When registration becomes mandatory
How to avoid customer friction and compliance issues

Do I need to register for VAT or GST in other countries?

Possibly.

Registration depends on:

Sales thresholds
Shipping model
Inventory location

We assist with:

VAT/GST registrations
Multi-country compliance planning
Ongoing monitoring of thresholds

What happens if I miss international filings (FBAR, FATCA, etc.)?

Penalties can apply even if no tax is owed.

Common risks include:

Missing foreign account disclosures
Incorrect or incomplete filings
Inconsistent reporting across forms

We help:

Identify missed filings
Correct issues proactively
Reduce exposure to penalties