International Taxation in Washington State

Global income and foreign assets can quickly complicate even the most straightforward tax situation. For individuals and businesses based in Washington State, international taxation requires a nuanced understanding of both U.S. and foreign tax obligations. NSAGI provides experienced support to ensure your cross-border financial activity is compliant and strategically managed.

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Navigating U.S. Tax Obligations on Worldwide Income

U.S. citizens and resident aliens are taxed on their worldwide income, regardless of where they live or earn. That means foreign wages, rental income, dividends, and other income sources must all be reported to the IRS—even if taxes were paid overseas. NSAGI helps Washington taxpayers understand these obligations and stay compliant without paying more than necessary.

  • Understanding worldwide income rules

    • Identify all income sources that must be reported under U.S. law
    • Clarify how tax treaties impact dual-income reporting requirements

  • Filing requirements for foreign financial accounts

    • Determine whether you need to file FBAR or FATCA forms
    • Assist in gathering account information and preparing accurate disclosures

  • Claiming credits and exclusions

    • Evaluate eligibility for the Foreign Earned Income Exclusion (FEIE)
    • Calculate the Foreign Tax Credit to avoid double taxation

Cross-Border Tax Planning for Individuals and Expats

Whether you're a Washington resident with income abroad or an expat earning income in the U.S., proactive planning can minimize your tax burden. NSAGI provides strategic advice to help individuals structure their finances in a tax-efficient way while meeting all compliance standards.

Americans Living Abroad

  • Identify the most favorable filing options under IRS expatriate rules
  • Plan for social security, retirement, and investment tax implications

Foreign Nationals Living in Washington

  • Determine resident alien vs. non-resident status under the substantial presence test
  • Understand U.S. tax obligations on income earned locally and abroad

Dual Citizens With Foreign Assets

  • Coordinate tax strategies across both countries’ tax systems
  • Avoid triggering penalties from missed foreign account disclosures

Business Tax Support for International Operations

For Washington-based businesses with global ties, international tax compliance is complex—and getting it wrong can be costly. NSAGI helps corporations, LLCs, and partnerships structure international operations for compliance, growth, and minimized tax exposure.

  • Reporting foreign subsidiaries or affiliates

    • Ensure correct filing of Form 5471 or 8865 for international ownership
    • Track income distribution and maintain required documentation

  • Withholding and transfer pricing compliance

    • Clarify tax withholding obligations for international payments
    • Implement transfer pricing policies that meet IRS scrutiny

  • Import/export tax implications

    • Navigate customs duties, tariffs, and VAT considerations
    • Ensure alignment between financial statements and tax filings

Common International Tax Pitfalls and How to Avoid Them

International tax issues often stem from lack of awareness or inaccurate reporting. NSAGI identifies common problems and works with clients to correct past mistakes and avoid future ones. Washington taxpayers dealing with global finances benefit from timely guidance and representation.

Missed FBAR or FATCA Filings

  • Review past years to identify missed foreign account disclosures
  • Assist with streamlined filing or voluntary disclosure options

Incorrect Residency or Foreign Income Calculations

  • Analyze visa and travel records to determine tax residency
  • Review income characterizations for proper classification

Dual Taxation and Foreign Tax Credit Errors

  • Check for overlooked credits or misapplied exclusions
  • Amend returns when necessary to recover lost deductions or overpayments
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International Taxation Services Available Across Washington - Seattle, Bellevue, and Mount Vernon

No matter where you’re located in Washington, NSAGI delivers international tax support with local accessibility and global understanding. We assist individuals and businesses throughout the state who are managing foreign income, assets, or operations.