U.S. citizens and more generally U.S. persons living in France are required to file income tax returns both in the United States and in France.
Our priority is making sure that you receive the full benefit of the 1994 French-American tax treaty provisions avoiding double taxation, which is favorable to Americans living in France.
We will assist you with your U.S. streamlined procedures and French “régularisation fiscale” to bring you into compliance with the tax authorities of both countries
U.S. citizens and U.S. persons are required to disclose every year their foreign bank accounts (FBAR) to the Department of Treasury if the aggregate amount on these accounts exceeds $10,000.
Since 2010, FATCA has added an extra burden since foreign bank accounts and financial assets must now be also reported to the IRS on form 8938 filed along with the income return.
Furthermore, tax residents of France must report their non-French bank accounts to the French tax authorities. Specific reporting is also required for U.S. trusts if certain conditions are met.
Our firm handles your foreign bank accounts and trusts reporting, including as part of compliance procedures if necessary.
France and the United States have very different legal systems when it comes to estate administration and gifts/estates taxes. Consequently, a comprehensive estate plan covering the legal and tax considerations in both countries is of paramount importance in order to protect your interests and ensure that your assets are transferred according to your wishes.
Our firm will assist you with the drafting and execution of your French and American wills, gift-making, and the administration of estates.