KIM YEUNG LING P.C.
Certified Public Accountants
Tax, Accounting, and Payroll Services for Individuals and Small/Medium-Sized Businesses

Foreign Assets? Don't Let Reporting Rules Catch You Off Guard

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If you have bank accounts, property, investments, or income overseas, the IRS has strict reporting requirements — and the penalties for missing them can be steep, even if the mistake was unintentional. We help you stay compliant with confidence.

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How we help with foreign assets and income:

• FBAR & FATCA compliance. We help you determine your filing obligations and prepare the required disclosures accurately and on time.

• Foreign income reporting. Whether it's rental income, investment income, or a salary earned abroad, we make sure it's properly reported and that you're not paying more tax than you owe.

• Foreign tax credit planning. We help you claim available credits and treaty benefits to avoid being taxed twice on the same income.

• Inheritance & gifts from abroad. Receiving assets or money from family overseas comes with its own reporting rules — we help you handle it correctly from the start.

• Catching up made simple. Behind on past filings? We can help you understand your options for getting compliant, including available IRS voluntary disclosure programs.

• A team that understands cross-border life. With deep experience serving clients with ties to Asia, we understand the financial lives of families and business owners with assets and income across borders.

 

Foreign assets don't have to mean added stress.

Schedule a consultation and let's make sure your global finances are fully compliant — and properly optimized.