FBAR & FATCA (Foreign Bank and Financial Accounts Reports & Foreign Account Tax Compliance Act)

FBAR and FATCA are not special tax provisions anymore. These notorious acronyms were fear to many U.S. persons. More than million U.S. persons came forward to correct wrong-doings in the past. Hundreds of thousands of U.S. persons hiccupped with harsh penalties and imprisonments. Now is the time to understand the U.S. government’s intention and plan for the future. Choi & Partners help you:

  • Evaluating Subpart F including GILTI and other anti-deferral tax provisions
  • Maximizing Foreign tax credit
  • Repatriation planning including distribution of PTEP
  • Structuring foreign entities for better tax result
  • Planning for FDII deduction and IC-DISC incentive