Services

International Expat Tax Services

Navigating the path to peace of mind

At McGowin Tax, we specialize in delivering expert tax services tailored for the unique needs of expatriates and small businesses. With a deep understanding of the complexities faced by individuals living abroad and businesses navigating the global market, we offer personalized solutions to ensure seamless tax compliance and optimization. Our dedicated team is committed to providing the highest level of expertise and support, helping expats and small businesses thrive in their respective international endeavors.

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Let McGowin Tax be your guide in the complex world of expat taxation.

For expats & digital nomads, your world is borderless - but your tax obligations aren't. Navigating the labyrinth of international taxation can be daunting, especially when balancing the nuances of expat life. Our expert team is dedicated to simplifying your tax responsibilities, giving you the freedom to focus on your global adventures without the tax burdens.

  • Tax Compliance & Return Fillings

    Staying compliant and accurately filing tax returns in the complex realm of international taxation is a crucial, yet challenging task. At McGowin Tax, we are committed to ensuring that our clients navigate this process seamlessly. Our experienced team provides comprehensive support, from understanding the latest tax regulations to meticulously preparing and filing your tax returns. We take a proactive approach, offering personalized guidance to keep you compliant and secure.

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    • Individual Income Tax Return
      • Form 1040
    • Foreign Income and Accounts Reporting
      • Form 2555Foreign Earned Income Exclusion Foreign Tax Credit of Specified Foreign Financial Assets
      • Form 1116Foreign Earned Income Exclusion Foreign Tax Credit of Specified Foreign Financial Assets
      • FBARForeign Earned Income Exclusion Foreign Tax Credit of Specified Foreign Financial Assets
      • Form 8938Foreign Earned Income Exclusion Foreign Tax Credit of Specified Foreign Financial Assets
    • Gifts, Trusts & Estate Reporting
      • Form 3520/3520A
    • Foreign Entities Reporting
      • Form 5471U.S. Persons & Foreign Corporations
      • Form 8865U.S. Persons & Foreign Partnerships
      • Form 8858U.S. Persons & Foreign Entities
  • Nonresident Return Fillings

    Non-US persons earning income from the United States must be aware of the US tax and compliance requirements that may apply. There are many traps for the unwary and often, there are tax planning opportunities to minimize the US tax burden. Our team is equipped to advise on the reporting requirements to keep you out of trouble and avoid penalties while, simultaneously ensuring you are applying the rules appropriately to minimize your tax burden.

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    • NR Tax Consultation Services
      • Tax Treaty Analysis Specialized analysis involving the application of tax treaties to reduce or eliminate U.S. tax liability for foreign persons or entities.
      • Pre-immigration Tax Planning Strategic planning for individuals planning to immigrate to the U.S., focusing on minimizing tax liabilities and optimizing tax positions before establishing tax residency in the U.S.
    • Specialized Tax Forms
      • Form 1040NR U.S. Nonresident Alien Income Tax Return
      • Form 1120-F U.S. Income Tax Return of a Foreign Corporation
      • Form 5472 Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business.
      • W-8 Series Forms including W-8BEN, W-8ECI, etc., used by foreign entities to certify their foreign status and claim exemptions from certain U.S. information return reporting and backup withholding.
      • Form W-7 Application for IRS Individual Taxpayer Identification Number (ITIN).
  • Expatriation

    Deciding to give up your US citizenship is not a decision to be taken lightly. There are many factors outside of just tax/financial considerations. While the decision is ultimately a personal one, at McGowin Tax we have the experience to advise you on the tax implications to help you in making that decision. If you are considering expatriation from the United States, our experts can advise you.

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    • Expatriation Consulting
      • Analysis Analysis of your financial profile to determine the tax risks and opportunities
      • Planning Pre-expatriation planning to avoid or reduce the Exit Tax implications
      • Preparation Exploring various tax amnesty programs to get caught up prior to expatriation, including the new Relief Procedures for Certain Former Citizens
      • Reporting Advice on expatriation reporting (Form 8854) & reporting strategy
    • Expatriation Forms
      • Form 8854 Initial & Annual Expatriation Statement
  • Amnesty Programs
    (Remedial Fillings)

    Catching up on your tax filings as an expat can feel overwhelming, but at McGowin Tax, we're here to make the process smooth and stress-free. Our approach to remedial filings is meticulous and empathetic, understanding that everyone's situation is unique. We'll guide you through each step, from gathering the necessary documents to submitting accurate back filings, ensuring you become fully compliant with peace of mind.

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    • SFOP: Streamlined Foreign Offshore Procedures
    • SDOP: Streamlined Domestic Offshore Procedures
    • Delinquent FBAR Submission Procedures

Guidance you can trust

Managing Foreign Assets

At McGowin Tax, we understand the complexities and opportunities that come with managing foreign assets. Our dedicated team specializes in providing expert guidance to navigate the intricacies of international tax laws and regulations.

Whether you're an individual with investments overseas or a business expanding globally, our tailored approach ensures your foreign assets are managed efficiently, compliantly, and strategically. Trust us to transform the challenges of foreign asset management into opportunities for growth and financial success.

  • TrustsAt McGowin Tax, our expertise extends to assisting with the detailed requirements of international tax filings for foreign trusts. Understanding and navigating these complex tax rules demands a high level of expertise, which our team is well-equipped to provide. We guide you through every step of the foreign trust taxation process, ensuring accurate reporting and compliance with cross-border tax laws. Our aim is to streamline this intricate process for you, offering expert advice and tailored support to safeguard your interests and simplify your tax responsibilities.
  • EntitiesMcGowin Tax is adept at assisting nonresidents with the complex task of filing international tax returns for foreign entities. Our team's deep understanding of the nuances in these tax regulations ensures that every aspect of your filing is handled with precision and expertise. We provide comprehensive support, from navigating the specific requirements for reporting foreign entity activities to ensuring full compliance with international tax laws. Our commitment is to make this intricate process straightforward for you, delivering meticulous and customized assistance that aligns with your unique tax obligations.

Other Projects?

Our range of services extends beyond those outlined. Confronting complex or challenging tax scenarios is our forte. Should you encounter any US tax issues, McGowin Tax stands ready to assist. And in the rare instance where your needs fall outside our expertise, we're committed to guiding you towards the right solution.

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Services

Expat Tax ServicesInternational Corporate Tax ConsultationFirm to Firm Support

Contact

251.232.7115alex.mcgowin@mcgowintax.comMobile, AL

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