FREQUENTLY ASKED QUESTIONS

How Can We Help You Today?

General Questions

We provide professional U.S. tax preparation, international tax services, bookkeeping, business formation, tax planning, and business consulting for individuals and businesses operating in the United States and internationally.

Yes. We proudly serve clients throughout the United States and internationally using secure virtual consultations and electronic document exchange.

Yes. Most of our services can be completed entirely online through secure email, video meetings, electronic signatures, and encrypted document sharing.

We proudly serve clients in:

  • English
  • Portuguese
  • Spanish

Simply complete our Contact Form or Schedule a Consultation. We’ll discuss your situation and recommend the services that best meet your needs.

Individual Tax Services

Generally, yes. U.S. citizens, Green Card holders, and many U.S. tax residents are required to report worldwide income, including income earned outside the United States.

It depends on your filing status, age, income, and other factors. Some taxpayers may still need to file or may benefit from filing to claim certain credits or refunds.

Depending on your situation, documents may include:

  • W-2s
  • 1099s
  • Prior-year tax return
  • Identification
  • Foreign income records
  • Investment statements
  • Business records
  • Rental property information

A Social Security Number (SSN) is issued for employment and other authorized purposes. An Individual Taxpayer Identification Number (ITIN) is issued by the IRS to individuals who need a U.S. tax identification number but are not eligible for an SSN.

Yes. We assist eligible clients with preparing amended federal tax returns using Form 1040-X when corrections are needed.

Business Tax Services

The answer depends on your goals, liability concerns, tax situation, and future plans. We help clients evaluate whether a Sole Proprietorship, LLC, Partnership, S Corporation, or C Corporation is the best fit.

Yes. We prepare tax returns for:

  • Sole Proprietorships
  • Partnerships
  • LLCs
  • S Corporations
  • C Corporations

The Texas Franchise Tax is a state tax that applies to many business entities operating in Texas. Filing requirements depend on revenue, entity type, and other factors.

Absolutely. We assist with:

  • LLC formation
  • Corporation formation
  • EIN applications
  • Operating Agreements
  • Business registrations
  • Ongoing compliance

Most businesses require an Employer Identification Number (EIN) to:

  • Open bank accounts
  • Hire employees
  • File tax returns

International Tax Services

FBAR (Foreign Bank Account Report) is an annual filing requirement for certain U.S. taxpayers with foreign financial accounts exceeding the applicable reporting threshold.

FATCA (Foreign Account Tax Compliance Act) requires certain taxpayers to report specified foreign financial assets on Form 8938.

Yes. Non-U.S. residents can generally establish an LLC in the United States. However, tax obligations vary depending on the business structure and activities.

Depending on your situation, you may be required to file forms such as:

  • Form 1116
  • Form 5471
  • Form 5472
  • Form 8858
  • Form 8865
  • FBAR (FinCEN Form 114)
  • Form 8938 (FATCA)

Yes. We assist foreign entrepreneurs and international businesses with U.S. tax compliance, reporting requirements, and business formation.

Bookkeeping & Accounting

We provide:

  • Monthly bookkeeping
  • Bank reconciliations
  • Financial statements
  • QuickBooks support
  • Year-end cleanup
  • Expense tracking
  • Financial reporting

Accurate bookkeeping helps businesses monitor cash flow, make informed financial decisions, prepare tax returns, and remain compliant with tax regulations.

IRS & Compliance

Yes. We help clients understand IRS correspondence, review available options, and prepare the appropriate documentation needed to respond to many common IRS notices.

We can assist eligible clients with understanding IRS payment plan options and preparing the necessary documentation within the scope of our services.

Absolutely. Protecting your personal and financial information is one of our highest priorities. We use secure communication methods and maintain strict confidentiality in every client engagement.

Still Have Questions?

If you didn’t find the answer you’re looking for, we’re here to help. Request a consultation or contact us today to speak with a member of the Ledgepreneur International Tax & Business Services team.