Outsourced Foreign Compliances

Are you a US-Citizen with various bank accounts, financial assets, or financial interest in any other Foreign Country? If yes, then in addition to filing the income tax return, you have to file additional forms and reports with regard to the Foreign Compliance requirement by IRS.
If you either don't report it correctly or file it timely, it can result in significant penalties. You might end up receiving notice from the IRS and paying high amounts in form of Late filing/Non-filing Penalties as well as Interest. Our team of experienced professionals is qualified enough for preparing several informational returns as IRS requirement demands.
We offer following services

• Streamlined Filing Compliance Procedure (SFP)
• FINCEN 114 - Foreign Bank and Financial Account Report (FBAR)
• Form 8938 - Statement of specified foreign financial assets (FATCA)
• Form 8621 - Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund (PFIC)
• Form 2555 - Foreign Earned Income Exclusion (US Expat Tax Filing)
• Form 1116 – Foreign Tax Credit (FTC)
• Form 5471 - U.S Person having Interest in Foreign Corporation

WANT TO SAVE TAXES? HERE WE ARE!
Preferred Tax Consultancy provides every service that a society or every Business Organization needs. We stand with our ethical standards, follow industrially accepted standard practices and strong believes while delivering the best services at the client doorstep. From Accounting to Finalizations, Audits & Taxation and from then to Investments, we are always here to stand by you.

Beyond the Entries

Accounts Payable & Receivable Management

Streamline your payment and collection processes, improving cash flow and reclaiming precious time for what matters most.

Inventory Management

Maintain accurate inventory records, preventing overstocking and understocking, and optimizing resource allocation for maximized efficiency.

Fixed Asset Management

Track and manage your fixed assets efficiently, ensuring accurate depreciation calculations and maximizing their value.
Entrust your records to Phoenix & Co., your meticulous financial guardians. Let us ensure your ledgers are a reliable source of truth and a foundation for confident decision-making.