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Bank Account Reconciliation

Payroll

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Income Tax Return

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Operations Management

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Bookkeeping

Business Income Tax Return

Foreign Individuals Visiting the U.S.

The United States uses a world wide tax system (i.e. the U.S. government follows the transaction and not the money; it does not matter where you are paid.) Whereas many other countries use a territorial tax system that follows the money. Almanzar Accounting Services will explain the Income Tax rules (including disclosures) that need to be considered for international compensation arrangements. We help by providing fast answers and computational examples to demonstrate the answers. We provide you with a private and independent analysis of the application of these rules to your personal situation.

 

 

We routinely provide these services for visiting foreign nationals:
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  • Preparation of Federal and State Income Tax Returns

  • Pre-move consultation to discuss: Determination of elements of taxable income

  • Identification of available deductions such as travel, entertainment, supplies, computer systems, etc.

  • Determination of timing of income (now, later, or never) including an evaluation of constructive receipt

  • Consultation regarding severance arrangements

  • Recommendations regarding fringe benefits

  • Determination of tax home

  • Application of tantalization agreements

  • Coordination of Human Resource Departments and Payroll Departments

  • Design and implementation of tax equalization and tax protection programs

  • Analysis and evaluation of foreign tax credit issues

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Foreign Corporations and Other Businesses Investing in the U.S.

The United States uses a world wide tax system (i.e. the US government follows the transaction and not the money; it does not matter where you are paid) whereas many other countries use a territorial tax system that follows the money. Almanzar Accounting Services can explain to you the income tax rules (including disclosures) that need to be considered for importing into the United States. We help by providing fast answers and computational examples to demonstrate the answers. We provide you with a private and independent analysis of the application of these rules to your unique situation.

 

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Foreign Individuals Visiting the U.S.

Almanzar Accounting Services will explain the income tax rules (including reporting) that need to be considered when you decide to invest in U.S. real estate. We help by providing fast answers and computational examples to demonstrate the answers. We provide you with a private and independent analysis of the application of these rules to your personal situation.

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Almanzar Accounting Services routinely provides these services for foreign nationals investing in U.S. real estate:

  • Preparation of Federal and State Income Tax Returns, withholding returns, exemption applications, and other reports (U.S. Department of Commerce, etc.)

  • Selection of proper structure

  • Treaties

  • State Income Tax (unitary tax issues)

  • Reporting requirements

  • Tax basis of assets

  • Estimated tax requirements

  • Death taxes

  • Gift taxes

  • Disclosures (i.e. transactions with owners and other related parties, etc.)

  • Withholding taxes on payments outside the U.S. or California (i.e. dividends, interest, etc.)

  • Special tax rates

  • Cash flow projections

  • Tax on sale calculations

  • Identification of available deductions such as inspection trips, management fees, depreciation, amortization, etc.

  • Determination of timing of income and deductions (now, later, or never)

  • Recommendations regarding payroll and employee fringe benefits

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