Multi-national Tax and Foreign Financial Reporting

For individuals and businesses with holdings in both the U.S. and foreign countries, managing tax and financial reporting requirements across international borders can be a daunting task. 

With over a decade of experience in foreign entity reporting and oversight of multinational accounting and foreign asset reporting practices, the staff at BAS CPA Firm provides the expertise that you require to ensure that your foreign tax and financial reporting obligations are met in accordance with the standards and regulations stipulated by U.S. accounting regulators and U.S. tax authorities

Incorporating our firm's international tax and foreign financial reporting services as core components of your annual tax and reporting services enables you to more easily and confidently manage each of the following international tax and foreign financial reporting requirements:

International Taxation

• U.S. federal, state and local income tax filings for multinational businesses
• U.S. information tax returns for multinational businesses
• Foreign tax credits for expats
• Foreign earned income exclusions
• Foreign Bank and Asset Reporting (FBAR)
• Cross-border transactions and withholdings
• International transfer pricing studies 
• Income tax treaties
• Expatriate tax issues including tax equalization, incentive stock options and retirement plan matters
• Repatriation planning
• Representation with tax authorities
• Withholding and compliance issues related to foreign investment in US real property

International financial reporting

• Translation of financial statements from International Financial Reporting Standards (IFRS) to US GAAP 
• Restatement of foreign currency financial statements in the reporting currency
• Consolidation of parent company and subsidiaries’ financial statements 
• Capitalization of investment in subsidiaries
• Calculation of non-controlling interests
• Elimination of inter-company transactions
• Adjustments of balance sheet accounts to fair value 
• Assessments of international financial reporting processes, procedures and controls