Foreign Asset Reporting

58%
Accuracy in complex disclosure forms (5471, 8865, 3520)
15+
Years of specialized international tax law expertise
1200+
Foreign entities managed and reported annually
Zero
IRS penalties for our proactive disclosure clients
INTERNATIONAL TAX EXPERTS

Your Strategic Partner for Global Transparency

Reporting foreign interests is no longer optional—it is a critical legal requirement. At Redeem Tax, we specialize in identifying and disclosing complex global assets, protecting you from the severe penalties associated with undisclosed foreign income and international entities.

OUR METHODOLOGY

Proactive Asset Disclosure Strategy

We perform a high-level diagnostic of your global financial footprint to identify every reportable asset, including foreign corporations, partnerships, and offshore trusts. Our methodology focuses on reconciling disparate international financial systems with U.S. reporting standards, ensuring your disclosures are mathematically precise and legally sound before they reach the IRS.

OUR PHILOSOPHY

Interactive Planning Approach

We conduct a comprehensive diagnostic of your global financial footprint, evaluating ownership percentages and control thresholds. Our team supports you through the entire lifecycle of your foreign investments, ensuring every reporting milestone is met.

Detailed preparation of information returns for U.S. persons who serve as officers, directors, or significant shareholders in foreign corporations.

Specialized reporting for U.S. beneficiaries of foreign trusts and individuals receiving significant gifts or bequests from non-U.S. persons.

Rigorous testing and reporting for Passive Foreign Investment Companies (PFICs) and foreign partnership interests (Form 8865) to mitigate punitive U.S. tax rates.

Our Commitment

Global Transparency Without Complexity

100%

IRS compliance rate for multi-jurisdictional filings.

$1.5B+

In foreign assets accurately reported for our clients.

Client Results

Peace of Mind for Global Stakeholders

We empower U.S. residents with global interests to stay ahead of evolving disclosure laws. By combining deep technical knowledge with automated diagnostic tools, we ensure your foreign entities are an asset, not a liability.

Who we serve

Driving Financial Solutions for the Automotive Industry

Entity Diagnostic (The Human Touch)

We review your organizational charts and ownership structures to determine exactly which IRS disclosure forms apply to your situation.

Financial Normalization (The Tech Edge)

Our precision tools convert foreign financial data into U.S. GAAP standards and official Treasury-mandated currency exchange rates.

Comprehensive Disclosure

We prepare your specialized informational returns (Forms 5471, 8865, 3520, etc.) ensuring a perfectly reconciled audit trail.

Secure Transmission

We transmit your disclosures via secure IRS e-file channels and provide a digital archive of your receipts for your permanent legal records.

Testimonials

Client Experiences That Speak for Themselves

FAQ

ITIN Filing FAQ’s

Common Questions on ITIN filing.

Failure to file Form 5471 can result in an initial penalty of $10,000 per year, which can increase significantly if the failure continues after IRS notification.

Yes, if you receive more than $100,000 from a non-resident alien or foreign estate in a single tax year, you must disclose it on Form 3520.

We synchronize your foreign financial data with the U.S. calendar year, performing the necessary adjustments to ensure your reporting is accurate for your 1040 filing.

Directly held foreign real estate—such as a personal residence or a rental property—is generally not considered a “specified foreign financial asset” and does not need to be reported on Form 8938. However, if that real estate is held through a foreign entity (like a corporation, partnership, or trust), your interest in that entity is a reportable asset. Additionally, any rental income generated must still be reported on your U.S. tax return.

Yes. If you have an interest in a foreign pension, profit-sharing, or deferred compensation plan, it is typically considered a specified foreign financial asset. These accounts must be reported if the aggregate value of all your foreign assets exceeds the applicable reporting thresholds for your filing status.

How We Can Help

Covering the Full Spectrum of Global Financial Services

We tackle our clients’ most critical challenges, from strategy and operations to digital transformation and sustainability. With deep expertise and a holistic approach, we break silos to maximize value, creating a powerful multiplier effect for lasting success.