Leveraging our comprehensive understanding of the U.S. and Korean tax environments, BDO Sunghyun offers tailored tax solutions for cross-border clients. As part of our individual tax services, we provide the following services in connection with cross-border taxation between Korea and the U.S.
Key Services
- Determination of residence under U.S.-Korea double tax treaty and relevant tax laws
- Korean tax advisory and compliance services for U.S. residents
- U.S. Federal tax advisory and compliance services for Korean residents
- Tax advisory on double taxation issues involving Korean and U.S. taxable income
- Support for FBAR and FACTA compliance
- Reporting of foreign financial accounts and foreign real estate holdings, etc.
- Pre-immigration tax planning
- Source of funds verification support for cross-border remittances
- Support for compliance with foreign exchange transaction reporting requirements, etc.