Tax Compliance Services

Our Tax Compliance Services are designed to help you remain compliant with complex tax regulations while maximizing efficiency.
We help you secure your TRC to ensure you receive the benefits of tax treaties and avoid unnecessary tax liabilities.

Why Do You Need a Tax Residency Certificate

A Tax Residency Certificate (TRC) is essential for individuals and businesses to avoid double taxation and prove tax residency in one country when income is earned from another.

Avoid Double Taxation

A Tax Residency Certificate allows you to claim the benefits of tax treaties, ensuring that income is not taxed in both the country where it is earned and the country of residence.

Compliance with Global Tax Laws

With the increasing complexity of international tax compliance, a Tax Residency Certificate serves as proof of your tax residency status, ensuring that you meet the requirements for treaty benefits.

Eligibility for Treaty Benefits

Many countries offer reduced withholding tax rates or exemptions on certain types of income for tax residents. Securing a TRC ensures that you qualify for these benefits.

We specializes in helping taxpayers understand the benefits of the Mark to Market election and guiding them through the process.

What is Mark to Market Election

If you are an investor dealing with foreign assets or financial instruments, making a Mark to Market (MTM) election with the IRS is critical to managing your tax liabilities.

Yearly Reporting of Gains and Losses

By making a Mark to Market election, you can report your gains and losses on foreign investments and financial instruments annually. This eliminates the need to calculate gains only upon the sale of an asset, offering more accurate tax reporting.

Avoiding PFIC Rules

Investors who hold interests in Passive Foreign Investment Companies (PFICs) may benefit from a Mark to Market election, as it simplifies the reporting process and helps avoid complex PFIC taxation rules.

Compliance with IRS Regulations

For those with significant foreign assets, staying compliant with IRS rules is essential. The Mark to Market election offers a way to ensure that your foreign investments are properly reported and taxed.

Whether you are a foreign national with U.S. income or a dependent without an SSN, EliteNine can assist you with your ITIN application.

Why You Need an ITIN

An Individual Taxpayer Identification Number (ITIN) is essential for individuals who are not eligible for a Social Security Number (SSN) but need to file U.S. tax returns.

File U.S. Tax Returns

An ITIN is required for individuals who need to file U.S. tax returns but do not qualify for an SSN. This includes non-resident aliens, foreign nationals, and dependents of U.S. taxpayers.

Claim Tax Benefits

Obtaining an ITIN allows you to claim tax credits and deductions, ensuring that you receive the full benefits available to you under U.S. tax laws.

Stay Compliant with U.S. Tax Regulations

If you are earning income in the U.S. but do not have an SSN, applying for an ITIN ensures compliance with IRS tax filing requirements.

We help businesses navigate the process of electing S-Corp status and understanding its benefits.

Benefits of an S-Corp Election

Making the S-Corp election for your business can provide significant tax savings by allowing you to avoid double taxation and minimize your self-employment taxes.

Avoid Double Taxation

Unlike a traditional corporation, an S-Corporation allows profits to pass through to shareholders, who then report the income on their personal tax returns. This avoids the double taxation that occurs when both the corporation and the shareholders are taxed on the same income

Reduce Self-Employment Taxes

By making an S-Corp election, business owners can pay themselves a reasonable salary, with the remaining profits distributed as dividends. This reduces the amount subject to self-employment taxes, leading to significant savings.

Flexibility in Business Ownership

An S-Corp election provides flexibility in the way your business is structured, making it easier to add shareholders or sell portions of the business while maintaining favorable tax treatment.

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Frequently Asks Questions

A Tax Residency Certificate is used to prove that you are a tax resident of one country when earning income in another. It helps you avoid double taxation and claim the benefits of tax treaties.

A Mark to Market election allows investors to report gains and losses on foreign assets annually, helping simplify tax reporting and avoid PFIC taxation rules.

An ITIN is required for individuals who are not eligible for an SSN but need to file U.S. taxes. This includes foreign nationals, non-resident aliens, and dependents of U.S. taxpayers.

Electing S-Corp status helps businesses avoid double taxation and reduce self-employment taxes by allowing profits to pass through to shareholders.

Why Choose EliteNine for Tax Compliance Services?

At EliteNine, we specialize in guiding individuals and businesses through the complex world of tax compliance. Whether you need help with securing a Tax Residency Certificate, filing for ITIN, or making the S-Corp election, our team provides personalized solutions that ensure compliance while optimizing your tax savings.

  1. Expert Guidance: Our team of professionals stays up-to-date on the latest tax regulations, providing you with accurate and timely advice.
  2. Comprehensive Services: From international tax compliance to business structuring, we cover all aspects of tax compliance to support your personal and business needs.
  3. End-to-End Support: Whether you’re filing an ITIN application or choosing the best business structure, we offer support every step of the way to ensure your success.

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