Staying up to date and compliant with the US tax code can be hard work. When you factor in international tax laws and accounting standards related to global operations, many businesses just don’t have the time or personnel to handle the challenge.
To keep our clients well informed about laws and regulations relevant to their current global operations or potential moves into new international markets, we monitor laws, regulations, and accounting standards for them around the world.
A large regional firm, our clients represent many businesses, among them energy companies, real estate firms, private equity groups, broker/dealers, and others. LaPorte’s International Services Group includes certified public accountants, an AICPA International Financial Reporting Standards (IFRS)-certified professional, a certified specialist in estate planning, and a master of laws in taxation. Their experience extends across US GAAP to IFRS conversions, addressing the complex tax issues (including foreign earned income exclusion and foreign tax credits) of US citizens working overseas, and inbound and outbound investment assistance, among others.
Our International Services Group also emphasizes staff education that focuses on international tax laws and accounting standards. Importantly, through our membership in nationally recognized RSM US Alliance, a premier affiliation of independent accounting and consulting firms, we also have access to RSM International, a global network of 38,000 audit, tax, and advisory professionals.
LaPorte professionals provide services seamlessly to our international clients. These include assisting with:
- Audits and other assurance services of entities reporting under IFRS
- Conversion from US reporting standards to International Financial Reporting Standards (IFRS)
- Expatriate tax services
- Foreign Account Tax Compliance Act (FATCA)
- Foreign Bank and Financial Accounts Reporting (FBAR)
- Inbound tax compliance for nonresidents and foreign corporations
- International mergers and acquisitions
- International reorganizations
- Subpart F planning
- Tax equalization planning
- Transfer pricing
- Transfers to and from foreign trusts
LAPORTE INTERNATIONAL SERVICES OVERVIEW
IRS issues final regulations for sales of partnership interests
(authored by RSM US LLP) Final section 864(c)(8) regulations clarify rules for foreign partners with ECI from transfers of partnership interests.
A First Look at President Trump’s Proposed Tax Plan
On April 26, 2017, the Trump administration presented an outline of the president’s proposed broad goals of tax reform and
ITIN changes present implications for US real estate and foreign investment partners
Changes to ITIN expiration will affect nonresident aliens who have invested in U.S. real estate ventures.