tax, consulting, advisory, GYF, Grossman Yanak & Ford, CPAs, accounting, Pittsburgh

International Taxes

All taxpayers should have a basic understanding of the fundamental concepts of international taxation as individuals and businesses become more globally intertwined. The U.S. international taxation system can be broken into two primary areas of focus:

  • Outbound – investments and business activity of U.S. persons outside of the United States

United States Person (U.S. person)a citizen or resident of the United States, a domestic partnership, a domestic corporation, any estate (other than a foreign estate) and any trust (if a court within the United States is able to exercise primary supervision over the administration of the trust, and one or more U.S. persons have the authority to control all substantial decisions of the trust.)

  • Inbound – investments and business activity of foreign persons in the United States

Foreign Person: an individual or entity that is not a U.S. person as described above. This includes nonresident aliens (individuals who are neither U.S. citizens nor residents), foreign corporations, foreign partnerships and foreign trusts and estates.

Click here to learn about the financial reporting required with respect to certain foreign activities

Our tax experts provide the following services to U.S. persons earning income internationally as well as to foreign persons taxed in the United States:

  • U.S. tax reporting/compliance
  • International tax compliance
  • Foreign source income and foreign tax credit planning
  • U.S., Canadian, UK and European tax planning
  • European VAT or Indirect tax (VAT/GST)
  • Transfer pricing assistance
  • Cross-border transactions
  • Acquisition and post-acquisition integration
  • Disposition planning
  • Export planning
  • Global structuring and rationalization
  • Intangibles planning
  • Trapped and deferred loss planning