International Tax Services in Montgomery County, MD
Aventa Tax provides expert international tax services in Montgomery County, MD to help you avoid costly penalties and navigate ever-changing tax law.
Get Expert Tax Help
Who We Help
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U.S. individuals or entities with foreign bank accounts, other overseas assets, or income
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Business owners with foreign subsidiaries, corporations or partnerships
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Non-U.S. individuals with U.S. business activities
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Expats and dual citizens needing IRS compliance support
Our International Tax Services
We prepare and file a full range of IRS international tax forms for individuals and businesses in Montgomery County, Maryland and surrounding areas to help them stay compliant and avoid serious tax issues.
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FBAR (FinCEN Form 114): Report foreign bank and financial accounts
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Form 8938 (FATCA): Report specified foreign financial assets
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Form 5471: Information return for U.S. owners of foreign corporations
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Form 5472: Reporting for foreign-owned U.S. entities or reportable transactions
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Form 3520: Reporting foreign trusts and large foreign gifts
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Form 1120-F: U.S. income tax return for foreign corporations
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Form 8858: Reporting for foreign disregarded entities and branches
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Form 8865: Information return for U.S. persons with foreign partnerships
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Forms 8804 / 8805: Withholding tax and reporting for foreign partners of U.S. partnerships
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and more!
International Tax Accountants in Maryland
International tax filings such as Form 8938, 5471, 5472, 3520, etc. require more than basic tax preparation. These forms are complex and demand deep knowledge of IRS regulations, foreign asset reporting rules, and evolving compliance standards.
Working with an international tax accountant, such as an Enrolled Agent (EA), ensures you have a federally licensed tax professional who specializes in these complex areas.
Enrolled Agents are authorized by the IRS and have unlimited rights to represent taxpayers in audits, collections, and appeals. This is especially important for individuals and businesses dealing with international reporting requirements, where errors can result in significant penalties.
What an Enrolled Agent Does for You
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Ensures accurate preparation of complex international forms such as FBAR, FATCA Form 8938, and Form 5471, reducing the risk of costly mistakes
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Identifies all required filings based on your global income, foreign accounts, and ownership structures
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Provides representation before the IRS if issues arise, including audits related to foreign assets or disclosures
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Advises on penalty mitigation strategies, including Streamlined Filing Compliance Procedures and delinquent submission relief
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Helps coordinate tax obligations across multiple jurisdictions while maintaining full U.S. compliance
Whether you are in Germantown, Gaithersburg, Rockville, Silver Spring, Bethesda or surrounding Maryland areas, our team is here to help with international income tax reporting or FBAR filing services.
Frequently asked international tax questions
Do I really need to file an FBAR if my account barely went over $10,000?
Yes. The FBAR requirement is triggered if your total foreign account balances exceed $10,000 at any point during the year, even briefly.
What happens if I forgot to file Form 8938 or FBAR in previous years?
You may be eligible for IRS amnesty programs like the Streamlined Filing Compliance Procedures. Acting early can significantly reduce penalties.
Is Form 5471 really that complicated?
Yes. Form 5471 is one of the most complex IRS forms, often compared to a full tax return. Errors or omissions can result in penalties starting at $10,000.
I received money from family overseas—do I need to report it?
Possibly. Foreign gifts above certain thresholds must be reported on Form 3520, even if they are not taxable.
Do I need both FBAR and Form 8938?
In many cases, yes. These forms have overlapping but distinct requirements.
What if I own a small percentage of a foreign company?
Even minority ownership can trigger Form 5471 or 5472 filing requirements depending on your level of control and ownership structure, among other factors.
I own a foreign company—do I need to report it to the IRS?
Yes. U.S. persons with ownership in foreign corporations often must file Form 5471, even if the business is small or inactive.
What if my foreign business didn’t make any profit?
You may still have a filing obligation. Many international forms are informational and required regardless of income or profitability.
I have a foreign partner in my U.S. business—what forms are required?
You may need to file Forms 8804 and 8805 to report and withhold taxes on income allocable to foreign partners.
Do I need to file anything for a foreign partnership I invested in?
Yes. Depending on your ownership percentage and involvement, Form 8865 may be required.
Can I handle these forms myself using tax software?
Most standard tax software does not fully support complex international forms like 5471 or 8865. Errors can lead to penalties starting at $10,000 per form.
Aventa Tax LLC is based in Montgomery County, Maryland and provides international tax consulting services for individuals and businesses.