Expert Tax Filing for Your U.S. LLC, Simplified
U.S. Tax Filing for Residents with Foreign Ties
Our Domestic Package offers an easy, transparent, flat-fee solution for U.S. residents who have foreign income, investments, or accounts. We simplify your tax filing while ensuring complete compliance and maximizing applicable tax benefits.
What’s Included in the
Domestic Package
| Form Schedule | Description | Included |
|---|---|---|
| FinCEN Form 114 (FBAR) | Reporting of unlimited foreign bank and financial accounts | Unlimited Accounts |
| Form 1040-ES | Estimated Tax Calculation and Payment Vouchers (if applicable) | |
| Form 1040 | U.S. Individual Income Tax Return | |
| Schedule 1 | Additional Income and Adjustments to Income | |
| Schedule 2 | Additional Taxes | |
| Schedule 3 | Additional Credits and Payments | |
| Schedule A | Itemized Deductions | |
| Schedule B | Interest and Ordinary Dividends | |
| Schedule C | Profit or Loss from Business (self-employment or single-member LLC) | First business included (each additional business at extra cost) |
| Schedule D | Capital Gains and Losses | Unlimited Transactions |
| Form 8949 | Sales and Other Dispositions of Capital Assets | |
| Schedule E | Supplemental Income and Loss (Rentals, Royalties, Partnerships, S-corps, Estates, Trusts, etc.) | Up to 2 rental properties or K-1s included (additional properties/K-1s at extra cost) |
| Form 1116 | Foreign Tax Credit | |
| Form 2441 | Child and Dependent Care Expenses (if applicable) | |
| Form 5695 | Residential Energy Credits (if applicable) | |
| Form 6251 | Alternative Minimum Tax – Individuals (if applicable) | |
| Form 8582 | Passive Activity Loss Limitations | |
| Schedule 8812 | Credits for Qualifying Children and Other Dependents (if applicable) | |
| Form 8995-A | Qualified Business Income Deduction (if applicable) | |
| Form 8960 | Net Investment Income Tax (if applicable) | |
| Form 8938 | Reporting of unlimited specified foreign financial accounts | Unlimited Accounts |
| Form 8962 | Premium Tax Credit | |
| Federal Extension | Automatic extension filing to October 15 | |
| State Income Tax Return | State and local income tax return | One state tax return included (additional states at extra cost) |
| E-Filing | Secure electronic filing of your tax returns | |
Add-ons
| Form Schedule | Description | Included |
|---|---|---|
| Schedule C | Additional Profit or Loss from Business (self-employment or single-member LLC) | $100 |
| Schedule E | Additional properties/K-1s | $100 |
| State Income Tax Return | Extra state income tax return | $150 |
| Form 8621 | Information Return by a Shareholder of a Passive Foreign Investment Company | $75 |
| Form 3520 | Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts | $200 |
| Form 3520-A | Annual Information Return of Foreign Trust With a U.S. Owner | $300 |
| Form 5471 | Information Return of U.S. Persons With Respect To Certain Foreign Corporations | $500 |
| Form 8858 | Information Return of U.S. Persons With Respect to Foreign Disregarded Entities and Foreign Branches | $300 |
| Form 8865 | Return of U.S. Persons With Respect to Certain Foreign Partnerships | $500 |
| Form 709 | U.S. Gift Tax Return | $300 |
| Form W-7 | Application for IRS Individual Taxpayer Identification Number | $200 |
| Form 1040-X | Amended U.S. Individual Income Tax Return | Request custom quote |
Why choose the Domestic package ?
- Flat-fee pricing — no hourly billing or surprise charges
- Includes FBAR and Form 8938 — commonly required international forms included in the base price
- One state return included — additional states available at a clear, add-on rate
- Advanced international expertise — support for PFICs, foreign pensions, foreign trusts, and foreign corporations, when needed
Avoid These Common Tax Challenges
Problem
Even if you live in the U.S., having a foreign bank account, pension, or investment can trigger IRS reporting requirements, but the rules are complex.
Keeping your return compliant without overpaying for unnecessary services.
Foreign income, pensions, or rental property can be taxed in the U.S. even if it’s already taxed overseas, which can lead to confusion or double taxation.
Solution
We help you identify which accounts and assets need to be disclosed, ensuring the right forms are included in your return.
Our flat-fee Domestic Package includes the most common forms for U.S. residents with foreign income or accounts. We only recommend add-ons when truly necessary.
We apply the appropriate credits and exclusions to avoid double taxation wherever allowed under U.S. tax law, while keeping your return accurate and complete.
Problem
Solution
We help you identify which accounts and assets need to be disclosed, ensuring the right forms are included in your return.
Problem
Keeping your return compliant without overpaying for unnecessary services.
Solution
Our flat-fee Domestic Package includes the most common forms for U.S. residents with foreign income or accounts. We only recommend add-ons when truly necessary.
Problem
Foreign income, pensions, or rental property can be taxed in the U.S. even if it’s already taxed overseas, which can lead to confusion or double taxation.
Solution
We apply the appropriate credits and exclusions to avoid double taxation wherever allowed under U.S. tax law, while keeping your return accurate and complete.
How We Work?
Sign Up
Join our secure portal and complete a short intake form. We’ll send your engagement letter with clear pricing before we begin.
Share Your Details
Review & File
We’ll prepare and review your return. You approve it, and we e-file with the IRS and/or state as required.
Join our portal and take the first step.
Stay in Control of Your Tax Return
Frequently Asked Questions
What makes your Domestic Package different from others?
Our Domestic Package includes Form 8938, the FBAR (Form 114), and one state income tax return, all for one competitive price. Many other firms charge extra for these forms, but we include them as part of the package, so there are no hidden fees.
See the full list of forms included.
Do I need to file an FBAR?
Yes, if you have foreign bank accounts or financial accounts (including pensions or investment accounts) with an aggregate value over $10,000 USD at any point in the year. The FBAR is filed separately from your tax return with FinCEN, not the IRS, and carries severe penalties for non-compliance. We include one FBAR filing in this package.
What’s the difference between FBAR and Form 8938 (FATCA)?
While both report foreign assets, FBAR is filed with FinCEN and has a $10,000 aggregate threshold. Form 8938 is part of your IRS tax return and has higher thresholds (e.g., $50,000 for single filers, $100,000 for joint filers, depending on filing status and residency). Some assets need to be reported on both. We’ll determine exactly what applies to your situation.
I own a rental property abroad. Do I need to report it?
Yes. All rental income must be reported on your U.S. return, regardless of where the property is located. You can deduct expenses like repairs, property taxes, and mortgage interest. We’ll also apply depreciation based on U.S. rules—not local accounting. If you pay taxes in that country, you may be eligible for the foreign tax credit.
What if I own a foreign company or hold shares in one?
If you own 10% or more of a foreign corporation, or have control over a foreign entity, you may need to file Forms 5471, 8865, or 8858, depending on the structure (corporation, partnership, or disregarded entity). These are complex and carry steep penalties for non-filing. We’ll flag this early and discuss your reporting obligations.
What if I invest in a foreign mutual fund or ETF?
Investments in foreign mutual funds may be classified as PFICs (Passive Foreign Investment Companies). These come with complex reporting via Form 8621 and potentially punitive tax treatment if not handled correctly. We’ll assess whether PFIC rules apply and help you choose the best reporting method.
Do I need to report foreign pensions or retirement accounts?
Yes, in most cases. Foreign pensions may need to be reported on your Form 8938, FBAR, and sometimes even as income (depending on contributions, growth, and withdrawals). Each country has different tax treaty treatment—so we evaluate your specific account and treaty status.
Can I use the foreign tax credit to offset double taxation?
Yes. If you’ve paid foreign taxes on income that’s also taxed in the U.S., you may claim a Foreign Tax Credit (Form 1116) to reduce or eliminate double taxation. This applies to rental income, dividends, interest, or wages earned abroad. We’ll calculate and apply the credit, if applicable.
What are the penalties for not reporting foreign assets?
Penalties can be severe:
- FBAR: up to $10,000 per violation for non-willful failure
- Form 8938: starting at $10,000, with additional amounts if uncorrected
Forms 5471/8621/8865: penalties often start at $10,000 per form
We help you avoid these with proper planning and timely filing.
What if I just found out I’ve been missing these forms?
There are IRS compliance programs like Streamlined Filing or Delinquent International Information Return Submission Procedures that may help you catch up without penalties if you weren’t willfully hiding assets. Let us know and we’ll evaluate the best strategy for a clean fix.
Do I need to convert foreign currency to USD on my return?
Yes. All foreign income, assets, and expenses must be reported in U.S. dollars using IRS-approved exchange rates. We handle this automatically using the correct rate for each transaction or the annual average, depending on context.
Join Now and File with Confidence! Start your tax process with American Tax Filings today
Take control of your U.S. taxes as a nonresident—American Tax Filings makes compliance simple, affordable, and stress-free!
