International Tax Services

Primary Contact

Rob Arthur
215.557.2285
jarthur@parentenet.com

Press Releases (PDF)

March 5, 2008
Umling Joins Parente Randolph’s Pittsburgh Tax Team

Brochures (PDF)

A Team of Professionals, Providing Global Solutions

Why pay your income taxes twice?

Parente Randolph can analyze where you pay income taxes and determine appropriate solutions that may help you pay taxes once on your cross-border commercial transactions.

In addition, our team of experts can help you navigate complex international tax compliance issues. Through our association with Baker Tilly International, we have “hands and feet” in more than 100 countries, and we can assist you with your in-country business and tax planning, and tax compliance matters.

International Tax Planning

Parente Randolph’s International Tax Service professionals are equipped with an exceptional combination of professional and technological skills. We offer the following international tax planning services:

Formulating tax-efficient business structures for:
- U.S. companies going abroad

Foreign companies coming into the United States

Completing proactive transfer price studies and analyses
Identifying potential cross-border financing strategies
Helping U.S. taxpayers avoid anti-deferral pitfalls and the passive foreign investment company (“PFIC”) trap that can arise from business operations outside the United States
Developing repatriation strategies to help U.S. taxpayers get funds from their foreign investments with an acceptable tax burden
Minimizing expenses allocated to foreign income and optimizing foreign tax credits through E&P studies and tax pool calculations
Assisting foreign companies with reducing the U.S. federal and state income tax burden associated with their operations in the United States

International Tax Compliance Services

We’re confident in our ability to help you formulate tax planning goals that may lead to enhanced financial performance. Parente Randolph offers the following compliance strategies and services:

Identify overall foreign losses (“OFLs”) and dual consolidated losses (“DCLs”), track them, file applicable certifications and statements, and suggest ways for U.S. taxpayers to avoid them.
Help U.S. taxpayers avoid paying U.S. withholding taxes owed by foreign individuals and entities that receive U.S. source income.
Prepare international tax-related forms, including SS4, W-7, W-8BEN, 926, 1042, 1042-S, 1116, 1118, 1120-F, 5471, 5472, 8621, 8802, 8804, 8805, 8813, 8832, 8833, 8858, 8865, 8873, TDF 90-22.1, etc.
Complete a reactive transfer price analysis within the IRS’ statutory 30-day window.
Complete FIN 48 transfer pricing evaluations.
Provide resources for major tax department outsourcing projects.

Expatriate Tax Compliance Services

Parente Randolph prepares U.S. income tax returns for the following:

Foreign individuals who are U.S. tax residents and/or green card holders
U.S. citizens and green card holders who are tax residents outside of the United States