Accounting & Tax Compliance
GHSK’s team of tax attorneys and accountants have significant experience advising on US tax reporting and compliance issues for multi-jurisdictional families.
GHSK’s work in this area includes:
GHSK’s work in this area includes:
- Assisting non-compliant U.S. taxpayers to regularize their U.S. tax status, including through the IRS Offshore Voluntary Disclosure Program and Streamlined Filing Procedures
- Preparing and submitting foreign bank account report (FBARs) and other IRS international information returns
- Advising grantors, beneficiaries and fiduciaries regarding their U.S. tax compliance obligations
- Preparing and filing U.S. Federal, State and local income tax returns for individuals, corporations and fiduciaries
- Preparing financial statements
- Counseling investment entities and financial institutions regarding their obligations under the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS), and preparing related documentation including Form W-8 and Self-Certification forms
- Preparing and filing international informational disclosures such as the IRS Form 5472 for foreign-owned single-member LLCs, Economic Substance filing requirements in offshore jurisdictions, and annual filing obligations related to CRS and FATCA