PRATICE AREAS

Tax Compliance

OUR MOTTO IS  

                              1) Observe coordinated efforts among nations

                              2) Cease the moment

                              3) Seek advice- take appropriate action

                              4) Rest easy afterwards

The Common Reporting Standards (CRS) adopted by the Organization for Economic Cooperation and Development (OECD), the U.S. global tax laws known as the Foreign Account Tax Compliance Act (FACTA), the Foreign Investment on Real Property Tax Act (FIRPTA), and the European Union Savings Directive have created a global coordination towards countering tax evasion. These new initiatives build on a worldwide trend to cooperate towards the adoption of a single comprehensive international standard for gathering and exchanging financial information.

 

As a result of these initiatives, banking today is more transparent than anyone could have predicted, with new on-boarding procedures for identifying reportable accounts, for which residency or tax-residency is the decisive factor. We provide advice and counsel to non-resident foreign nationals in the areas of U.S. tax compliance. Tell us how we can help you.

fatca, crs

firpta

&

Tax Compliance

1) Observe coordinated efforts among nations

2) Cease the moment

3) Seek advice- take appropriate action

4) Rest easy afterwards

 

The Common Reporting Standards (CRS) adopted by the Organization for Economic Cooperation and Development (OECD), the U.S. global tax laws known as the Foreign Account Tax Compliance Act (FACTA), the Foreign Investment on Real Property Tax Act (FIRPTA), and the European Union Savings Directive have created a global coordination towards countering tax evasion. These new initiatives build on a worldwide trend to cooperate towards the adoption of a single comprehensive international standard for gathering and exchanging financial information.

 

As a result of these initiatives, banking today is more transparent than anyone could have predicted, with new on-boarding procedures for identifying reportable accounts, for which residency or tax-residency is the decisive factor. We provide  advice and counsel to non-resident foreign nationals in the areas of U.S. tax compliance. Tell us how we can help you.

FATCA,CRS

&

FIRPTA

PRACTICE

©​2017 SONIA & COL ASSOCIATES  | ATTORNEY ADVERTISING -This is a promotional communication from Sonia Col & Associates and should not be construed as legal advice or a legal opinion on any specific facts or circumstances. The contents are intended for general information purposes only, and you are urged to consult a lawyer concerning your own situation and any specific legal questions you may have. Any tax information or written tax advice contained herein (including any attachments) is not intended to be and cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on the taxpayer.  Sonia Col & Associates - 745 Fifth Avenue, Suite 500, New York, NY 10151

US

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©​2017 SONIA & COL ASSOCIATES 
ATTORNEY ADVERTISING - This is a promotional communication from Sonia Col & Associates and should not be construed as legal advice or a legal opinion on any specific facts or circumstances. The contents are intended for general information purposes only, and you are urged to consult a lawyer concerning your own situation and any specific legal questions you may have. Any tax information or written tax advice contained herein (including any attachments) is not intended to be and cannot be used by any taxpayer for the purpose of avoiding tax penalties that may be imposed on the taxpayer. Sonia Col & Associates - 745 Fifth Avenue, Suite 500, New York, NY 10151

FOLLOW

US