Tax Services
Praestans Tax offers a deliberate and coordinated approach to maximizing tax planning opportunities for our clients. Most importantly, we are highly experienced in carrying out tax planning strategies so that they are properly implemented in the actual tax filings.
Our consulting firm provides customized tax services tailored to small and mid-size businesses. Often times clients of this size may find that at large firms, the nuances of their specific needs go overlooked. We have extensive experience designing tax planning strategies for clients such as:
- Executives
- Trusts and Estates
- Athletes and Entertainers
- High-Net-Worth Individuals, and
- International Clients
FATCA Reporting
Foreign Account Tax Compliance Act (FATCA) requires Foreign Financial Institutions (FFIs) to report information about U.S. account holders to the IRS. For Model 2 jurisdictions, this means meeting specific registration, reporting, and coordination obligations directly with the IRS.
At Praestans, we support Foreign Financial Institutions in meeting their FATCA Model 2 reporting requirements with clarity and efficiency. Our team helps streamline FATCA compliance across jurisdictions by assisting clients with all their FATCA obligations. We simplify Model 2 FATCA compliance so your team can stay focused on core operations while meeting regulatory expectations with confidence.
How Praestans Supports Your FATCA Model 2 Requirements
- Registration & Account Setup
We assist in completing FATCA registration for Model 2 institutions, including GIIN applications, portal setup, and required entity classifications. - Reporting Preparation & Review
Praestans supports clients in preparing and reviewing FATCA XML files, ensuring consistency and accuracy before submission to the IRS. - Ongoing Compliance Coordination
Our team guides you through yearly reporting cycles, updates to IRS requirements, and changes to intergovernmental agreements that may affect your obligations. - Cross-Border Support for Global Fund Structures
We work with multi-jurisdictional fund structures to support proper documentation, oversight, and reporting across regulatory environments.
At Praestans Tax, we pride ourselves on diligent research and training to remain well-versed on real-time changes and developments in U.S. tax law. Our approach at Praestans Tax is both thorough and comprehensive.
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