Does anyone know of anyone who specializes in this as the Swiss bank industry used to? And assuming multiple citizenships, does that make any difference? Someone I know has an EU passport and a US passport available, but the US passport is going to the garbage bin in a few years (to avoid taxes, and for other reasons).
Any suggestions would be welcome. Thanks.
It really depends on the countries involved. My firm works A LOT with international taxpayers and foreign investors, but as is typical with most US CPA firms, we handle the US reporting and work with a sister firm in the other country to handle reporting in that country. The EU hasn't negotiated a single tax treaty with the US. Instead, it's on a country-by-country basis. I have clients throughout Europe in common business-partner countries (UK, Ireland, Germany, France, Netherlands, Luxembourg, Switzerland, etc.). It adds an extra dimension of complexity and compliance to the US tax reporting. Common reports and forms include FBAR, Forms 8938, 3520, 5471, W8-BEN, and 1042.