Our Services

Tax Consulting Services for Individuals

Domestic Tax Consulting

Esquire Group provides a full-range of domestic tax consulting services. Whether you are buying a house, starting a family, considering a charitable gift or contemplating a business start-up, we can help make sure you do it in the most tax advantaged way. You might be asking yourself: How much should I be contributing to a retirement plan? Is the timing right for purchasing or leasing a car? Am I missing any deductions that could reduce my tax liability?

 

Read More

Tax Consulting for U.S. Persons with Foreign Income or Assets

If you have foreign income or assets, such as a bank account, brokerage account, business entity, wages, or investment income, it is crucial that you understand your U.S. tax obligations. As a U.S. citizen or resident alien you are taxed on your worldwide income; that is income earned anywhere in the world. Foreign income and assets are subject to complex U.S. tax rules—so proper planning is critical. Without it you could wind up paying more tax than you have to, be subjected to stiff penalties, or even face criminal charges.

 

READ MORE

Tax Consulting for U.S. Persons Living Abroad (Expats)

Many U.S. citizens or resident aliens have, for various reasons, decided to live outside of the U.S. If you are one of these individuals, remember that the U.S. taxes you on your worldwide income, and requires that you disclose certain foreign financial accounts and assets.

 

READ MORE

Tax Consulting for Nonresident Aliens

If you are a nonresident alien but have U.S. income or assets, it is important that you understand how the U.S. will tax you, and that the U.S. tax system will treat you differently than it treats U.S. taxpayers. You need to know what those differences are and how they impact you.

 

READ MORE

Foreign Account Tax Compliance Act (FATCA)

FATCA is legislation that was enacted to combat tax evasion by U.S. persons with foreign financial assets. Under FATCA, U.S. tax payers holding financial assets outside of the U.S. must report those assets to the IRS on Form 8938, Statement of Specified Foreign Financial Assets, if they exceed a certain threshold.

 

READ MORE

Pre-Immigration Planning

Obtaining a visa, green card, or U.S. citizenship is a dream come true for many people. But without proper planning this dream can quickly turn in to a tax nightmare. It is also possible to inadvertently become a U.S. tax resident by virtue of the substantial presence test. Simply stated, under the substantial presence test you can become a tax resident of the U.S. by spending too much time in the U.S. If this happens you could be subject to tax in the U.S. on your worldwide income as well disclosure to the U.S. of certain foreign assets.

 

READ MORE

Cross-Border Estate Planning

A properly executed estate plan can protect you and your family in the event of sickness, accidents, or death. With just a little advanced planning, you can help your family avoid wasted expense and unnecessary hardship.

 

As difficult as estate planning can be, cross-border estate planning can make the process even more overwhelming if you don’t have the support of an international estate planning specialist like Esquire Group.

 

READ MORE

Tax Consulting for Businesses

Domestic Tax Consulting

Businesses view taxes like most of us do–as a burden that can’t be avoided. Naturally, businesses want to maximize their profitability which means minimizing taxes whenever possible. To be fair, the U.S. tax code provides plenty of opportunities to save on taxes, but you need a skilled advisor in your corner who knows what those opportunities are and how to take advantage of them.

 

READ MORE

International Tax Consulting

Today’s business world is much different than it was even a few decades ago. New technologies have made many traditional business models obsolete making it necessary for businesses to adapt in a world where boarders aren’t always clear. It is now almost as easy to transact business with someone on the other side of an ocean, as it is to transact business with someone across the street.

 

READ MORE

Corporate Structuring

Corporate structuring is the design and implementation of the corporate structure through which you conduct your business. Choosing the right corporate structure is vital to the success of your business and protection of your assets.

 

READ MORE

Foreign Account Tax Compliance Act (FATCA)

FATCA is legislation that was enacted to combat tax evasion by U.S. persons with foreign financial assets. The IRS’ theory is that by “motivating” foreign financial institutions (“FFIs”) to report information on U.S. clients that those U.S. clients will come forward voluntarily. FFIs failing to turn over information on accounts owned by, or for the beneficial interest of, U.S. persons are subjected to a 30% withholding tax on certain payments.

 

READ MORE

Transfer Pricing

Transfer pricing is the price that is charged between related business entities for goods and services. The transactions may include financial transactions, transfers of intellectual property, services, tangible goods, or loans. For example, a U.S. corporation purchases widgets from its foreign subsidiary, the price the U.S. corporation pays its foreign subsidiary for the widgets is the transfer price.

 

READ MORE

Expatriation

Expatriation is the process of renouncing, your U.S. citizenship or abandoning your long-term residence status. And it is not as simple as just tossing out your little “blue book” (U.S. passport) or letting your green card expire. There are several requirements that you must comply with to expatriate. Once those are completed, you have to let the IRS know you expatriated, this is done by, you guessed it, filing a form.

 

READ MORE

Tax Preparation for Individuals

U.S. Resident Tax Returns

Let’s face it, not many people get excited about preparing their taxes. In fact, most folks cringe at the thought. Here at Esquire Group, our goal is to make preparing your taxes as easy and painless as possible. You can rest assured that we will take advantage of all available deductions and credits in order to minimize your tax liability. Our tax experts are detail oriented and will ensure your return is completed accurately based on the information you provide.

 

READ MORE

U.S. Citizen or Resident Tax Returns with Foreign Income and/or Assets

If you are a U.S. citizen or resident with foreign income or assets you are required to report them to the IRS and you need to make sure you are reporting them accurately. Should you fail to, the IRS will likely find out due to Foreign Financial Institutions (FFIs) reporting information on your foreign accounts and assets pursuant to the Foreign Account Tax Compliance Act (FATCA).

 

READ MORE

U.S. Persons Living Abroad (Expat) Tax Returns

While living abroad can have its advantages, tax-reporting requirements aren’t among them. If you are a U.S. citizen or resident living abroad you are required to report and pay tax to the U.S. on your worldwide income even though you don’t live in the U.S. You also have to disclose certain foreign financial accounts and assets. These include, but are not limited to, bank accounts, brokerage accounts, insurance contracts, annuities and foreign entities.

 

READ MORE

Foreign Bank and Financial Accounts (FBAR)

If you have signature authority over or a financial interest in a foreign financial account, you may have to file an FBAR. The Treasury requires that an FBAR be filed by any U.S. person with a financial interest in, or signature or other authority over, financial accounts in a foreign country that have a combined value exceeding $10,000 during a calendar year.

 

READ MORE

Foreign Account Tax Compliance Act (FATCA)

If you have foreign financial assets, then you may have additional tax filing requirements due to the Foreign Account Tax Compliance Act (FATCA). The law punishes foreign financial institutions (FFIs) for failure to turn over to the IRS, information on its U.S. account holders. Under FATCA foreign financial institutions failing to comply will be subject to 30% withholding of certain payments it receives.

 

READ MORE

Initial and Annual Expatriation Statement

If you expatriated, you are required to complete Form 8854 for the year you expatriated. Under normal circumstances this is the only time you have to file this form. However, there are some limited circumstances where you must file the form on an annual basis. Failure to file the form results in the IRS continuing to tax you as a U.S. citizen or resident on your worldwide income – despite the fact you expatriated!

 

READ MORE

Nonresident Alien Tax Returns

If you are a nonresident alien and you received U.S. source income, you may be required to file a U.S. federal and, possibly a state, income tax return. As a nonresident alien you are subject to different tax rules than U.S. taxpayers, and understanding the differences is the key to staying compliant and out of the IRS’ crosshairs. Additionally, there may be tax treaties between the U.S. and your country of residence that could further impact how you are taxed.

 

READ MORE

Amended Tax Returns

Esquire Group will amend your tax return to correct any inaccuracies so you can rest easy knowing you are in compliance. We will be available any time during the year to answer questions should you need clarification, or in the event the IRS contacts you.

 

READ MORE

Tax Return Review

If you didn’t use our services to prepare your tax return, we are available to review your tax return for accuracy. If we find errors in the return we can correct them by filing an amended return for you. It is always better to err on the side of caution when it comes to your taxes.

 

 

Read More

Tax Preparation for Entities

U.S. Entity Tax Returns

If you operate a business, you most likely operate it through a business entity, such as a corporation or limited liability company. Similar to individuals, these entities usually need to file a tax return with the IRS annually. Entity tax returns are often more complex than individual returns due to accounting methods, equity accounts, balance sheets, and depreciation – just to name a few. As complex as these returns are, they only get more so if the entity has a foreign owner.

 

READ MORE

Foreign Entity Tax Returns

You may be thinking of expanding your business into the U.S., or maybe you’ve done so already. In either case you need to be aware of how the U.S. taxes a foreign entity doing business in the U.S.

 

READ MORE

Foreign Bank and Financial Accounts (FBAR)

If you are an officer, manager, director, or other responsible party for a U.S. entity that has foreign financial accounts, you better be sure the entity files an FBAR – or the taxman will come for you. And let’s face it, that’s an unpleasant experience that no one wants.

 

READ MORE

Foreign Account Tax Compliance Act (FATCA)

Domestic Entities

 

FATCA is legislation that was enacted to combat tax evasion by U.S. persons with foreign financial assets. The Foreign Account Tax Compliance Act (FATCA) punishes foreign financial institutions (FFIs) for failure to turn over information on its U.S. account holders to the IRS. Under FATCA foreign financial institutions failing to comply will be subject to 30% withholding of certain payments it receives.

 

READ MORE

Amended Tax Returns

On occasion, it can happen that you file a tax return that isn’t accurate. For example, you inadvertently omitted revenue or deductions. In order to correct the error you should file an amended return.

 

READ MORE

Tax Return Review

If you didn’t use our services to prepare your tax return, we are available to review your tax return for accuracy. If we find errors in the return we can correct them by filing an amended return for you. It is always better to err on the side of caution when it comes to your taxes.

READ MORE

Other Tax Services

ITIN Applications

ITINs are used by the IRS for processing your tax returns and payments. The number does not qualify you to work in the U.S. or provide eligibility for Social Security benefits; it is only for federal tax reporting purposes.

 

READ MORE

W-8 Preparation

W-8 forms are used to certify foreign status for U.S. tax withholding and reporting purposes. By submitting this form, you are certifying to the payor of U.S. source income your foreign status, which will determine how much tax they must withhold, if any.

 

READ MORE

Foreign Direct Investment in the U.S. Reporting

If you are a nonresident foreign individual or entity, and have or are planning on investing in the U.S., there are some non-tax forms you need to file. Most foreign investors don’t realize that the U.S. Department of Commerce requires foreign direct investment in the U.S. to be reported. Failure to report will result in penalties!

 

READ MORE

U.S. Direct Investment Abroad Reporting

The report is mandatory and civil penalties for non-compliance can range between $2,500 and $25,000. There are also criminal sanctions for willfully failing to file the BE-10. This makes it worthwhile for you to ensure you understand your reporting obligation, complete the survey if required, and file on time.

READ MORE

Foreign Investment in U.S. Real Estate

There are a few exceptions to FIRPTA, including options that can reduce or eliminate withholding, and we know all of them. Esquire Group has assisted numerous clients with their FIRPTA transactions giving us the expertise to effectively assist you with your FIRPTA matter.

 

READ MORE

Unreported Foreign Income or Assets

Offshore Voluntary Disclosure Program (OVDP)

This program is designed primarily for people who knew they were supposed to be reporting their foreign income or assets, and didn’t; i.e. those who acted intentionally.

 

In exchange for taking part in the OVDP you won’t be criminally prosecuted and any non-compliance older than 8 years is forgiven.

 

READ MORE

Streamlined Domestic Offshore Procedure

This program is designed primarily for U.S. citizens and residents living in the U.S. who non-willfully failed to report their foreign income or assets; i.e. they weren’t aware of their U.S. tax compliance requirements, misunderstood the law or got bad advice.

 

READ MORE

Streamlined Foreign Offshore Procedure

This program is designed for U.S. citizens and residents who properly reported and paid tax on all foreign income, but failed to file Reports of Foreign Bank and Financial Accounts (FBARs) to report foreign financial accounts.

 

READ MORE

Delinquent FBAR Submission Procedure

This program is designed for U.S. citizens and residents who properly reported and paid tax on all foreign income, but failed to file Reports of Foreign Bank and Financial Accounts (FBARs) to report foreign financial accounts.

 

READ MORE

Delinquent International Information Return Submission Procedure

This program is designed for U.S. citizens and residents who properly reported and paid tax on all foreign income, but failed to file international information returns; e.g. forms to report ownership in foreign entities.

 

READ MORE

Quiet Disclosure

A quiet disclosure is not an actual IRS program. It is term used to describe the process of filing unfiled or amended tax returns and/or FBARs to report previously unreported foreign income or assets without formally taking part in one of the IRS programs described above.

 

READ MORE

Tax Problem Resolution

Filing of Delinquent Tax Returns

If you failed to file your tax returns, regardless of why – buried your head in the sand, figured you didn’t owe anything, were ill, or just didn’t feel like filing – we can help get you caught up.

 

Esquire Group will prepare and file your delinquent returns. If you do not have the income information from the years you failed to file, don’t worry, we can usually get that information from the IRS.

 

READ MORE

Delinquent Taxes Owed

If you owe delinquent taxes, the worst thing you can do is to hope the IRS or state will forget about you. Don’t ignore those nasty notices that come in the mail; doing so can only make matters worse. The longer you wait to make arrangements to pay back your debt, the more you will owe in interest and penalties.

 

READ MORE

Levies and Lien

Has the IRS seized your bank account or are they threatening to do so? Did you find a tax lien on your credit report? If so, Esquire Group can help. When you owe the IRS money and haven’t made arrangements to pay them, the IRS can seize or sell your property through the use of liens and levies.

 

READ MORE

Audits

Esquire Group tax professionals have represented countless clients in IRS examinations. We are well versed in tax law and have the knowledge and experience to represent you effectively before the IRS. IRS examiners are often intimidating and will disregard your rights, given the opportunity. We know the rules and will make sure that the examination process is conducted in accordance with law.

 

READ MORE

Audit Reconsideration

Esquire Group will review your audit documents and determine if audit reconsideration is the right decision for you. If it is, we will represent you in the audit reconsideration process and do our best to secure a favorable outcome.

 

READ MORE

Appeals and Collection Due Process Hearings

Through appeals and CDP hearings IRS collection action can often be stopped. Esquire Group is experienced in successful IRS negotiations to secure settlements and favorable resolutions.

 

Esquire Group will explain your options and rights, help you determine how to proceed, and represent you through the entire process.

 

READ MORE

Penalty Abatement

Each year, some taxpayers are assessed penalties for failure to file or pay their taxes on time, or accurately report their income, or any number of other reasons the IRS chooses. Some of the most common types of penalties are for late filing, late payment, accuracy issues, federal tax deposits, or fraud.

 

READ MORE

Interest Abatement

The IRS is like any other government agency and sometimes they make mistakes. If the IRS errs or delays in notifying you of taxes or penalties due, and the delay causes substantial interest to accumulate, you may be entitled to interest abatement.

 

READ MORE

Employment Tax issues and the Trust Fund Recover Penalty

If the IRS is investigating you for misfiled or unfiled employer tax returns or if you owe employment taxes and related penalties, Esquire Group can help you. There are a multitude of reasons why you could get into trouble with employer taxes; anything from bookkeeper error, cash crunch, employee theft, etc. Whatever the reason, the IRS takes employer tax issues very seriously – so expect them to come with a vengeance.

 

READ MORE

Innocent Spouse Relief

Many spouses innocently sign tax returns without a second thought. Like it or not, for better or worse, does include your tax liability if you file a joint tax return.

 

The path to being granted innocent spouse relief is not a simple one; it can be complicated and stressful, bringing up old wounds in many cases.

 

READ MORE

Statute of Limitations (SOL)

There are specific Statues of Limitations (SOL) that apply to your taxes. There are statutes of limitations on how long the IRS has to collect a tax debt, audit your tax return, and so forth. Knowing which statute of limitations applies to your specific situation is crucial to ensure the IRS isn’t violating your rights; for example, by trying to collect a tax debt for which the SOL has past.

 

READ MORE

Frivolous Tax Positions

The IRS is not amused by these frivolous arguments and more than a few people have wound up behind bars for trying to advance them. Even if you get lucky and aren’t charged with a crime, making a frivolous argument could be costly. The IRS can impose a frivolous filing penalty of up to $5,000 for filing a frivolous return or taking a frivolous position.

 

READ MORE

Alternative Minimum Tax Issues

The alternative minimum tax is a separate tax computation that reduces the benefit of certain deductions and credits, thus, creating a tax liability for an individual who would otherwise pay little or no tax.

 

The effects of AMT can be financially disastrous. There are strategies that can be implemented to help avoid or reduce the effects of the AMT. Esquire Group is capable of implementing those strategies for you.

 

READ MORE

Asset Protection

Between the economic crash, lawsuits, identity theft, and the sense that the IRS constantly has its hand in our pockets, people are looking for ways to hold on to what they’ve got.

Effective asset protection planning can help you preserve your hard earned wealth for your future and that of your heirs. A well-prepared plan will discourage potential attackers from coming after or gaining access to your assets through frivolous claims. It will allow you to segregate and insulate liabilities and assets to the greatest extent allowed by law. You can do this by setting up trusts, corporations, partnerships, and other entities to hold legal title to the assets that you own.

Read More

Entity Services

U.S. Entity Formation

Esquire Group can help you determine the type of entity that best suits your individual situation, and form it for you. We can form corporations, s-corporations, partnerships, LLCs, limited partnerships, trusts, as well as other less common entities. We will guide you in determining the best choice by evaluating your goals and factoring in.

 

READ MORE

Nevis Entity Formation

Nevis entities are ideal for running a business, facilitating commercial investment, or protecting assets. When setting up Nevis entities, it is critical that you secure the help of professionals experienced in the process to ensure it is done right. Through our network of qualified and licensed specialists, Esquire Group is able to not only form Nevis entities but also ensure you understand any relevant tax implications of owning a foreign entity.

 

READ MORE

Foreign Entity Formation

Esquire Group can, through our network, form entities in almost every country in the world. Entity formation in an international context requires careful contemplation of factors not normally considered when forming entities in the U.S. For example, you must consider political stability, legal system reliability, currency controls, banking, access to professionals, as well as tax regime of the countries. The good news is, when operating internationally there are ample planning opportunities that can help mitigate risks while reducing, and even deferring U.S. tax until repatriated.

 

READ MORE

Registered Agent Services

If you own your own an entity you likely know that most, if not all, state laws dictate that you must have a registered agent to receive service of process as well as certain other documents. If you don’t maintain a registered agent your entity risks losing its legal status within that state as well as incurring penalties.

 

READ MORE

Corporate Formality Maintenance

One of the primary reasons business owners form corporations is to limit liability.  However these benefits only apply if you follow the rules.

 

Corporate formalities are not complicated and are fairly easy to maintain.  But, not doing so can cause you a lot more aggravation than spending the time and money to comply now.

 

READ MORE

Bookkeeping Services

Even if you have the time, you may not have the accounting experience to maintain your financial records accurately. The hours you spend on bookkeeping may not be the most profitable use of your time. In addition, the cost of keeping a full-time bookkeeping staff may not be feasible, especially if you’re in start-up phase.

 

READ MORE

Contact Us