International Business Tax Return Prep | Seamless Service

Finding new customers in international markets is an exciting growth strategy for multinational businesses. But working with a tax preparer who doesn’t specialize in international tax matters, that’s another story. Not all CPA firms understand the nuances of international taxation, and it’s growing increasingly complex.

Since 1983, we’ve chosen to work only with businesses and individuals who have an international aspect to their tax situation. We’ve prepared thousands of returns for expats, entrepreneurs, and growing multinational businesses. And we love the challenges of minimizing tax liability and reducing the likelihood of an IRS audit. It’s what every member of our tax team does!

US Tax Reform’s Impact on International Businesses

International business activities can sometimes mean hefty global tax exposure, especially since the Tax Cuts and Jobs Act passed in 2017.

We see this daily as our business clients feel the new realities of tax reform, including:

  • Ongoing impacts of the Repatriation Tax
  • The impact of the Global Intangible Low-Tax Income (GILTI) tax
  • Burdensome reporting requirements on Form 5471 for owners of foreign corporations
  • The need to rebuild Earnings and Profits (E&P) schedules
  • The need to restructure to become tax-efficient under the new tax laws

We also see the impact of tax reform daily on professional tax preparers. Before, firms that didn’t specialize in international tax were content to “dabble.” If their clients wanted to expand overseas, they would help. Now, not so much. They’ve determined that it’s just too risky—both for them and their clients.

As a result, the tax community is either investing heavily in staying on top of the changes—or partnering with firms like us to handle the international components.

How We Can Help

Whether you are just starting your international business or are seeking a new tax provider, we can help. We assist with tax planning and guidance. And we take care of your tax filings so that you can focus on your business.

We prepare business tax returns for US domestic corporations and partnerships, as well as foreign entities engaged in business in the United States. This includes preparation of the following forms and schedules:

  • US Corporate Income Tax Return (Form 1120)
  • US Partnership Tax Return (Form 1165)
  • US Income Tax Return of a Foreign Corporation (Form 1120-F)
  • Estimated quarterly tax calculations and remittance
  • Information Return of US Persons with Respect to Certain Foreign Corporations (Form 5471)
  • Return of 25% Foreign-Owned Corporation or Foreign Corporation Engaged in US Trade or Business (Form 5472)
  • US Shareholder Calculation of GILTI (Form 8992)
  • Deduction for Foreign-Derived Intangible Income (FDII) (Form 8993)
  • Filing Requirement for US Transferors of Property to a Foreign Corporation (Form 926)
  • Return of US Persons with Respect to Certain Foreign Partnerships (Form 8865)
  • Entity Classification Election (Form 8832)
  • Information Return of US Persons with Respect to Foreign Disregarded Entities (Form 8858)
  • Individual Income Tax Returns (Forms 1040 and 1040NR) for business owners
  • Review of notices from IRS /representation upon examination
  • Foreign asset reporting (FATCA)
  • Foreign Bank Account Reporting (FBAR)
  • Coordination with Foreign Income Tax Returns and cross border matters

Since each business tax return is unique, we file the forms required for your situation.

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Need a Past Business Tax Return Amended?

Maybe you’ve never worked with us, but you now know or suspect that your previous tax preparer got something wrong.

Every day we see new clients who need to get their taxes in order with the IRS. It can be stressful, but you don’t have to face this situation alone.

We can assist you in preparing regular amended returns or in correcting your taxes via an IRS amnesty program. Not sure what you need? We can walk you through the options.

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Need a Past Repatriation Tax Calculation Reviewed?

Although the Repatriation Tax was levied on 2017 returns, it wasn’t until late 2018 when the IRS provided guidance on certain details. As such, there are opportunities to go back and correct the original calculations. In some cases, this can result in significant reductions in tax liabilities related to Section 965.

If you missed the Repatriation Tax entirely or wish to correct your calculations under an IRS amnesty program, we can help with that, as well. Learn more about our amended tax return services.

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Need Help with Tax Returns in Other Countries?

Through our alliance with Nexia International, we can coordinate your tax compliance needs no matter where you operate in the world.

Just as you want a US tax expert to handle your US filings, you also want foreign tax experts to advise you on the foreign side. Since each country’s tax laws are extensive, you need international tax professionals who will work together to find the right overall tax solutions for your business.

We can do that. We work daily with our Nexia partners to find the right solutions for our clients. Then, we handle the US filings, and our Nexia partners handle your foreign filings.

Through Nexia International, we have over 250 member firms as partners. They bring extensive local tax knowledge that complements our US tax expertise. And we know many of these partners personally. We’ve worked with them in the past. And we meet with them multiple times per year at the meetings and conferences we attend.

Through Nexia partners, we’ve helped clients with tax systems around the world, including:

  • Africa
  • Asia Pacific
  • Central and South America
  • Europe
  • Latin America
  • Middle East
  • North America

We also have a network of trustworthy attorneys and wealth management advisors that we can refer as needed.

Who We Serve

We are passionate about working with entrepreneurs and emerging multinationals to help them expand their businesses. For this reason, we focus specifically on providing international tax services to small and mid-sized businesses.

Our international business clients include:

  • Individuals with ownership in foreign entities
  • Micronational businesses
  • Multinational businesses
  • CPAs, wealth management advisors, and attorneys with clients who have tax issues with an international “twist.”

We find that small and mid-sized businesses face very different tax challenges from larger enterprises. We are very familiar with these challenges. And we work with business owners and officers to find pragmatic solutions that meet their needs.

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Refer With Confidence

Do you have a client with a complex tax situation that involves an international component? Often new clients come to us as referrals from:

We consider referrals to be the highest compliment. We also understand that referring a client can feel risky. So, check out our highly experienced team of tax professionals and our blog to learn more about us.

In addition to helping clients directly, we also work with other CPAs and wealth managers who want to retain their clients but outsource the international compliance matters to us. To learn how we can partner with you, contact us.

Have questions? Book a free discovery call to see if we can help your client.

Why The Wolf Group?

Since 1983, we’ve worked with clients in the United States and abroad on international tax matters. We have a long history of “cleaning up” complex tax returns, reporting foreign assets, and reconstructing financial records.

Check out our extensive team of CPAs, all with vast international tax experience.

Looking for a Nexia International Partner?

We’re an active member of Nexia International, a global network of independent accountancy, tax and business advisors with over 250 firms around the globe.

Meet Our Tax Professionals

  • Fan Chen

    Tax Manager

  • Tax Specialist

  • Manager – International Corporate Tax

All Team Members

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What our clients say

“Very good client support. Easy to communicate and upload documents. Thorough and timely delivery of the returns. Used them for last year and this year. I am very happy to work with The Wolf Group.”

“Year after year The Wolf Group works patiently with me, always showing professional excellency—a rare thing today. In all my dealings with various points of contact, always a sense of kindness and caring. Thank you!”

“The preparation of my tax return again went exceedingly smooth and required a minimum of my time. I highly recommend The Wolf Group because of their experienced and professional tax preparers. I am grateful for the assistance and continually satisfied year after year.”