International

Tax Matters

Bespoke International tax preparation services in Houston

Expanding your business beyond your country of origin? That is the need of the hour, but with international presence comes international taxes. At Mixon Tax Law, we offer international tax preparation services tailored to your unique needs.

International Tax Planning for Individuals and Businesses

We live in a highly globalized world, and it has opened a plethora of new opportunities for all types of businesses. New challenges also arise with new opportunities. Challenges such as international tax compliance. The complexities of foreign legal systems, combined with the changing U.S. immigration laws, make tax compliance very complicated for businesses. This has made international tax advisory services a must for anyone looking to explore global markets.

If you’re looking to expand your business operations and are uncertain about international tax laws, you’re not alone. Fortunately for you, we offer comprehensive international taxation services, which include;

  • Cross-border business support.
  • Outbound and Inbound tax planning for US-based clients.
  • Resolving tax controversies involving international compliance issues.

As a business owner, you already have a lot to handle. Don’t add international tax compliance to the list. Let our international tax specialists handle the compliance concerns.  So you can focus on what matters: expanding your business.

Avoid Offshore Penalties with Our International Tax Service

At Mixon Tax Law, our international taxation consultants offer representation for the following international tax compliance matters:

  • Offshore Voluntary Disclosure & Tax Amnesty: Compliance is a major concern when dealing offshore. There is always a risk of IRS fines and penalties. If a US person has unreported offshore accounts, assets, investments, or income, the penalties can be rough. International tax firms like Mixon Tax Law can help you minimize or avoid these fines and penalties through effective international tax planning.
    Our international tax specialists with years of experience can help you safely get to compliance using approved tax amnesty and voluntary disclosure programs to your advantage.
  • FATCA & FBAR: FBAR (Foreign Bank and Financial Reporting) requires taxpayers to submit FinCEN Form 114 if they hold a specified interest in a non-US bank account. On the flip side, the FATCA (Foreign Account Tax Compliance Act) reporting requirement necessitates taxpayers to report FATCA Specified Foreign Financial Assets using form 8938. The US government and IRS specifically have made enforcement a top priority for FBAR and FATCA reporting.
    Adhering to these requirements requires expert legal guidance from an international tax accountant for individuals and businesses.
  • Reporting Gifts from Foreign Persons: If you’ve received a gift from a foreign person and it meets the reporting threshold specified on Form 3520, you’re legally required to report it. Failure to do so can land you in trouble with the IRS. Oftentimes, taxpayers realize too late that they should have filed the form, leading to the maximum penalty. Which in such cases is 25% of the value of the gift. However, having an international tax advisor by your side can help you avoid this penalty.
  • Filing Foreign Corporation & Partnership Information Runs: If you have ownership or interest in a foreign corporation or partnership, you have several reporting and filing requirements. Fulfilling these requirements demands attention to detail and expert legal insights to avoid unnecessary taxation issues. You may have to file a form 5471 or form 8865 according to their unique situation. You may be subject to fines and penalties if you do not file these forms on time. Our international taxation consultants can help you accurately file these forms to avoid legal troubles.
  • Avoiding and Minimizing Offshore Penalties: Taxpayers may sometimes receive notices such as CP15 notices, 504 notices, or audit requests for international taxation-related penalties. You can prevent, minimize, or abate these penalties using our international tax preparation services.

If you need international tax advice, Mixon Tax Law is only a click away. Fill out the form below and schedule your free consultation today!

Best International Tax Advisor in Houston

Managing Attorney: Phillip Mixon, CPA/JD

Meet Attorney Phillip Mixon, a seasoned lawyer tax consultant in Houston with years of experience handling complex tax matters.

From resolving IRS collections to providing tax planning for businesses, his wealth of experience and professional background guarantee that you receive reliable legal representation in all your tax-related matters.

Phillip Mixon is not just your local tax attorney; he is also a Certified Public Accountant (CPA), a dual qualification that sets him apart in the field of tax law. Holding both his CPA license and Texas bar license, Phillip offers a unique blend of legal and financial acumen that benefits his clients in multifaceted ways.

Phillip’s career began at KPMG (Klynveld Peat Marwick Goerdeler), one of the Big Four accounting firms, where he honed his skills in the Mergers and Acquisitions (M&A) tax department. At KPMG, Phillip played a pivotal role in advising his clients on the tax implications of corporate transactions, ensuring compliance, and optimizing tax outcomes during high-stakes deals. His experience at KPMG provided him with invaluable insights into the complexities of tax law and corporate finance, which he now leverages in his current practice.

Today, Phillip Mixon focuses his practice on IRS and state controversy matters. His extensive background allows him to handle disputes with taxing authorities expertly. As a top local tax professional, Phillip provides strategic advice and representation to business owners facing audits, assessments, and other tax-related challenges.

Whether it’s negotiating with the IRS, contesting state tax determinations, or navigating complex tax regulations, you can trust that you are in capable hands.