International Tax Compliance Services

Cherry Bekaert’s international tax professionals can help ease the burden of your international tax compliance requirements by providing assistance with filing tax returns and dealing with tax assessments and tax authority correspondence.

Unlocking Competitive Advantage and Balancing Regulatory Compliance for Your Business

Multinational companies have unique characteristics that provide opportunities to enhance shareholder value and meet growth and income targets. However, as organizations grow globally, regulatory compliance burdens also multiply.

As your business expands into new markets, you may face an increasing number of complex tax rules and restraints. With rapidly changing regulations, it can be difficult to stay current on tax developments while also remaining focused on growth objectives.

Let Cherry Bekaert’s International Tax professionals ease the burden of international tax compliance requirements. We offer a variety of services, including assistance with filing tax returns and dealing with tax assessments and tax authority correspondence. Whether you are a U.S. multinational business or an inbound company, our guidance can provide a seamless global coordination experience.

Experienced Guidance Across Borders

Our International Tax Compliance practice has more than 70 years of international compliance experience and is supported by our Cross-Border Services practice on technical matters. We are part of an international network of accounting firms that can provide the assistance you need to comply with foreign country laws.

Our International Tax Compliance Services

U.S. Reporting and Compliance

U.S. Reporting of International Activities

We provide assistance with tax compliance for international transactions, including preparation and documentation of required forms, such as Forms 5471, 8858, 8865, and 5472.

U.S. Withholding Tax Compliance

Our professionals can offer guidance on withholding tax requirements and compliance, including analysis of tax treaties and assistance with obtaining withholding tax exemptions.

Foreign Investment Compliance

Foreign Investment in Real Property Tax Act Compliance

We help you achieve compliance with the Foreign Investment in Real Property Tax Act (FIRPTA), which includes an analysis of FIRPTA withholding requirements and tax implications for foreign investors.

Foreign Bank Account and Foreign Financial Asset Reporting

Reporting requirements for foreign bank accounts and financial assets can be complex. Our professional offer guidance on these requirements, including preparation of the necessary forms and compliance with Foreign Account Tax Compliance Act (FATCA) rules.

Investment and Income Regulations

Passive Foreign Investment Company Determinations, Elections and Reporting

Cherry Bekaert has extensive experience providing analyses and advice on Passive Foreign Investment Company (PFIC) rules and requirements, including:

Determining of PFIC status
Filing of required forms
Planning and implementing PFIC elections

Anti-Deferral Calculations

The International Tax Compliance team is skilled in giving analysis and advice on anti-deferral tax rules, including Subpart F, Global Intangible Low-Taxed Income (GILTI) and Section 956. We also assist with planning and implementation of tax-efficient structures and strategies.

Export and Tax Benefit Strategies

Export Benefits

Our services include planning and implementation of tax-efficient export structures to maximize export benefits and reduce tax liabilities. These structures may include Interest Charge Domestic International Sales Corporation (IC-DISC) and Foreign-Derived Intangible Income (FDII).

Calculation and Modeling of Tax Benefits

Cherry Bekaert’s international tax professionals are experienced in quantitative analysis and modeling of tax benefits and implications of various tax strategies and structures.

Business Structuring and Planning

Entity Selection

We offer assistance with:

Entity selection of direct, pass-throughs or corporate business structures
Tax planning, including guidance on foreign tax credits
962 elections
Internal financing methods

Quantitative Analysis and Consulting

Quantitative Consulting

The International Tax Compliance team provides quantitative analysis and modeling of tax implications and benefits of various business transactions and strategies. Additionally, we offer guidance on complex tax issues, including:

Foreign tax credit utilization
Overall foreign loss (OFL) and overall domestic loss (ODL) studies
Earnings and profits studies
Foreign tax pool analysis
Foreign currency gain or loss calculations under Section 987 and 988.