Portillo Consulting, Inc. provides assistance with all types of tax services, with a special focus on the taxation of multinational individuals, US expatriates, employees of international institutions and other non-immigrant visa holders and the US operations of foreign corporations. 

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For multinationals and expatriates, we maintain close relationships with tax advisors in Europe. For high-net-worth individuals, we have working partnerships with wealth management firms, law practices, CPA firms, and banks. We are prepared to help our clients to manage the entirety of their financial affairs.

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Our consultants are well-versed in both domestic and international reporting requirements.

 

INDIVIDUAL TAX PREPARATION

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• Form 1040 – Individual Income Tax Return

• Form 1040X – Amended Individual Income Tax Return

• Form 1040NR – Individual Income Tax Return of a Nonresident Alien

• Dual-status tax returns

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INTERNATIONAL TAXATION

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The firm consults on the Foreign Account Tax Compliance Act (FATCA) and international tax treaty interpretation and compliance, with a special focus on the cross-border treatment of government pension scheme contributions and private pension plans. We advise on matters relating to the US foreign-earned income exclusion, foreign tax credits, and nonresident and ‘dual-status’ tax statuses. In addition, we assist foreign and domestic companies with the process of expanding into our out of the United States and non-immigrant or multinational individuals with the process of proving their US tax residency to other jurisdictions.

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We  prepare:

• FinCEN 114 – Report of Foreign Bank and Financial Accounts (FBAR)

• Form 3520 – Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts

• Form 5471 – Information Return of US Persons with Respect to Certain Foreign Corporations

• Form 8621 – Information Return by a Shareholder of a Passive Foreign Investment Company or Qualifying Electing Fund; and

• Form 8802 – Application for a United States Residency Certification

• Form 8833 – Treaty-Based Return Position Disclosures

• Form 8858 – Information Return of US Persons With Respect to Foreign Disregarded Entities

• Form 8865 – Information Return of US Persons with Respect to Certain Foreign Partnerships

• Form 8938 – Statement of Foreign Financial Assets