Assistance With International Taxation Now Being Offered By Flott & Co

Flott & Co PC, which is based in Arlington, VA, has been providing assistance with international taxation for decades. In many countries, tax filing has now started, which means documents have to be made ready as soon as possible. Flott & Co offers services to businesses and individuals alike.

"The time to start filing international taxation documents is now," says Stephen P. Flott from Flott & Co PC. "We have a wealth of knowledge on these issues and are ready to offer our services to any individual or business who have international business concerns and must pay the necessary taxes and file the necessary forms."

Flott & Co focuses on business law, cross-border commercial matters, international transactions, US citizenship and expatriation issues, FATCA (foreign account tax compliance act) and FBAR (foreign bank account report) compliance. They have been offering their services since 1990 and in their 25 years of existence, they have helped individuals and businesses alike to achieve their goals.

"We search for practical, cost-effective solutions that our clients can utilize to seize opportunities, minimize tax, address citizenship issues, and resolve United States tax issues and disputes," adds Stephen P. Flott. "We look for solutions that work."

While the company focuses on all elements of international taxation, it has a few areas of particular specialty. These include US taxation of international transportation activity, US taxation of US citizens, US taxation of the US source income of foreign companies and individuals and resident aliens who are working and living outside of the US.

Additionally, they offer services in filing Form 8621. This form is the Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund form. It must be completed by foreign corporations that meet the income test. Here, at least 75% of the gross income of the company must be passive. Alternatively, they must pass the asset test, in which at least 50% of their assets produce passive income. As with many taxation forms, and particularly international taxation forms, the data required is highly complex and it is all too easy to make costly mistakes. Flott & Co wants to make sure mistakes can be avoided.