International Services

We offers a range of international tax services designed to help you remain compliant with U.S. and foreign tax laws while optimizing your tax position. Whether it’s navigating FBAR and FATCA compliance, handling foreign entity reporting, or managing the complexities of repatriation, our expert team ensures your international tax responsibilities are managed efficiently and in full compliance with applicable laws
We helps individuals and businesses navigate the complexities of FBAR and FATCA reporting, ensuring that your foreign accounts are accurately reported to the IRS.

Why FBAR and FATCA Compliance Is Important

If you have foreign financial accounts or assets, compliance with FBAR (Foreign Bank Account Report) and FATCA (Foreign Account Tax Compliance Act) regulations is essential. Failing to comply with these laws can result in hefty fines and legal consequences.

FBAR Reporting

U.S. citizens, residents, and entities with foreign financial accounts exceeding $10,000 must file an FBAR. This includes bank accounts, investment accounts, and other financial instruments held overseas.

FATCA Compliance

Under FATCA, foreign financial institutions are required to report accounts held by U.S. taxpayers. This law applies to individuals with substantial foreign assets and ensures compliance with U.S. tax laws.

Avoid Penalties

Non-compliance with FBAR or FATCA can result in severe penalties, including fines and criminal prosecution. EliteNine ensures that your foreign assets are reported accurately and on time.

At EliteNine, we guide clients through the Streamlined Filing Process, ensuring that your filings are accurate and meet IRS standards.

Benefits of Streamlined Filing Procedures

For U.S. taxpayers who have failed to report foreign income or file foreign accounts, the IRS offers Streamlined Filing Procedures as a way to come into compliance. This option allows taxpayers to avoid steep penalties while correcting their prior tax filings

Penalty Relief

The Streamlined Filing Procedures offer significant relief from penalties for taxpayers who failed to file FBAR or other foreign account disclosures due to unintentional errors.

Catch Up on Filings

If you’ve fallen behind on filing your tax returns or foreign account reports, Streamlined Filing allows you to catch up without facing harsh penalties.

Compliance with IRS Regulations

By utilizing Streamlined Filing, you can bring your tax filings into compliance with IRS regulations and avoid future penalties.

We specializes in handling the complexities of foreign entity reporting, ensuring that your filings are accurate and timely.

Key Reporting Requirements

If you have ownership or control of a foreign entity, you may be required to file Forms 5472 or 5471 with the IRS. These forms report foreign corporation ownership and ensure that U.S. taxpayers with foreign businesses remain compliant with U.S. tax laws.

Form 5471

U.S. taxpayers with ownership in a Controlled Foreign Corporation (CFC) must file Form 5471, reporting their interest in the foreign entity and its financial activities.

Form 5472

This form is required for U.S. corporations that are 25% owned by foreign individuals or entities, ensuring compliance with international tax regulations.

Avoid Penalties

Non-compliance with Forms 5471 or 5472 can lead to significant fines. At EliteNine, we ensure that all foreign entity reporting requirements are met, protecting you from IRS penalties.

At EliteNine, we assist individuals and businesses in managing the repatriation of foreign earnings while ensuring compliance with IRS regulations.

Repatriation Services

Repatriating funds from foreign accounts or making overseas direct investments (ODI) can be complex and must be handled in compliance with both U.S. and foreign tax laws.

Repatriating Foreign Income

Whether you’re bringing foreign income back to the U.S. or managing investments abroad, we help you navigate the complex tax implications of repatriation to minimize your tax burden.

Overseas Direct Investment (ODI)

We assist U.S. investors and businesses with making overseas direct investments, ensuring that all compliance requirements are met in both the U.S. and the host country.

• Compliance with U.S. Tax Laws

By working with EliteNine, you can ensure that your repatriation or ODI transactions are compliant with both U.S. and international tax regulations.

EliteNine specializes in India-specific tax services, helping individuals file India tax returns and businesses manage India business formations.

Our India-Specific Services Include

Navigating the complexities of India-U.S. tax relations can be challenging, especially for those with income or businesses in both countries

India Tax Returns

We assist individuals with income from India in filing their India tax returns, ensuring compliance with both Indian tax laws and U.S. tax obligations.

Tax Treaty Benefits

By leveraging the India-U.S. tax treaty, we help clients minimize their tax liabilities and avoid double taxation on their income.

India Business Formations

For those looking to start a business in India, we provide support in choosing the right business structure and handling all the necessary compliance filings.

Reach us today to see how we can help simplify
your financial responsibilities.


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Frequently Asks Questions

FBAR requires U.S. taxpayers to report foreign financial accounts if the aggregate value exceeds $10,000, while FATCA mandates foreign financial institutions to report U.S. account holders’ information. Both are essential for staying compliant with U.S. tax laws.

The Streamlined Filing Procedures allow taxpayers to correct past filing mistakes without facing harsh penalties, provided the failure to file was due to unintentional errors.

You need to file Form 5471 if you have ownership in a Controlled Foreign Corporation (CFC) or Form 5472 if a U.S. corporation is 25% owned by foreign entities or individuals. Both forms ensure compliance with international tax reporting.

Repatriated income is subject to U.S. tax laws, and it’s essential to manage the tax implications carefully to avoid double taxation and minimize your tax liability.

If you have income from India as a U.S. resident, you are required to file India tax returns while also considering your U.S. tax obligations. Leveraging the India-U.S. tax treaty can help minimize double taxation.

Why Choose EliteNine for International Tax Services?

At EliteNine, we specialize in handling the complexities of international tax compliance. From FBAR and FATCA reporting to managing foreign entity reporting and India-specific tax filings, our team provides personalized solutions to ensure full compliance while minimizing your tax liabilities.

  1. Expert Guidance: Our team of tax professionals is well-versed in the latest international tax regulations, ensuring accurate and compliant filings.
  2. Comprehensive Solutions: Whether it’s Streamlined Filing Procedures or foreign entity reporting, we offer end-to-end support for all your international tax needs.
  3. Cross-Border Compliance: We help individuals and businesses manage their tax obligations across multiple jurisdictions, ensuring compliance with both U.S. and foreign tax laws.

Let's take the first step toward financial clarity together, paving the way for a secure future.

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Our Success Stories

"I got Kumar's reference from a colleague and friend of mine and am very glad I got to know Kumar and his team. They were super helpful with my first return in US, I moved in the middle of the fiscal year and had a very complicated portfolio back in my home country. Kumar gave me a rundown of what the process was likely to be, what I needed to share, the due dates and the processing time he needed to get this done. When I delayed collating what I needed to give him, Kumar and team were very accommodative and helped with an extension. I am a very detail-oriented person and his team patiently explained to me what was done, why and educated me immensely on the nuances of the US income tax engine in the process. I ended up with a need to getting refunds, and Kumar continued to help me with the responses to IRS's requests for additional documents and is engaged in ensuring I get what is due. I whole heartedly appreciate all his help and recommend his team"

~ Sudharshana

"We have had the distinct privilege of partnering with Kumar Bacchu and team for the last 6 years, and our experience has been nothing short of exceptional. I've been incredibly impressed with their services. Their team is not only highly knowledgeable but also incredibly approachable. They've helped me navigate complex financial matters with ease, providing clear explanations and tailored advice. Their attention to detail and commitment to ensuring I understand every aspect of my taxes is truly commendable. I highly recommend Kumar Bacchu to anyone seeking a reliable and professional accounting firm."

~ Kashmira