U.S., cross-border & international tax, with structured, strategic guidance.
NGG Tax Group is a boutique U.S. and international tax advisory firm serving clients in Greater Boston, across the United States, and abroad. We advise U.S. expatriates, globally connected families, foreign investors, and business owners on complex cross-border planning, compliance, and international reporting.
Get in touch Expat Tax Prep ChecklistLed by Nicole Green, EA, MST — Enrolled Agent, authorized to practice in all 50 states.
What brings you here?
We support clients through structured engagements designed for ongoing advisory and compliance needs.
Missed FBAR & FATCA Filings
If you have missed an FBAR or FATCA filing, you are not alone—and you are not automatically in trouble. But the wrong next move can create more risk than the missed form itself. We help globally connected individuals and families correct international reporting issues with a planning-driven, compliance-first approach.
Our process & common questions
Our process
- Assess your foreign accounts, filing history, and the reason any filings were missed.
- Determine which program applies—streamlined filing, delinquent FBAR procedures, or another path depending on your facts.
- Prepare and file the required forms, then set a clear plan to stay compliant going forward.
What is the difference between FBAR and FATCA?
FBAR (FinCEN Form 114) is filed with the Treasury Department and required once the combined value of foreign financial accounts exceeds $10,000 at any point in the year. FATCA (Form 8938) is filed with the IRS as part of your tax return and has different, generally higher, thresholds depending on filing status and residency. Some taxpayers need to file both.
I didn’t know I had to report my foreign accounts — am I in trouble?
Not necessarily. The IRS has established programs specifically for taxpayers who didn’t know about their filing obligations, and outcomes are generally better for people who come forward voluntarily than for those who wait to be caught.
Can I fix multiple years of missed filings at once?
Yes. Structured programs (such as streamlined filing procedures) are designed to let taxpayers catch up on multiple years of missed FBAR or FATCA filings at once, often with reduced or waived penalties for qualifying non-willful cases.
Book a consultation so we can review your accounts, identify what’s missing, and outline the right path to get compliant.
Foreign Inheritance or Gifts (Form 3520)
Receiving money or assets from family abroad can feel straightforward—until U.S. reporting rules enter the picture. For internationally connected families, foreign gifts and inheritances often trigger compliance obligations that most accountants rarely handle correctly. We provide accurate guidance, clear planning, and protection from avoidable penalties.
Common questions
Do I have to pay tax on a foreign gift or inheritance?
Generally, receiving a gift or inheritance from a foreign person is not itself subject to U.S. income tax—but it still triggers an IRS reporting requirement once the amount crosses certain thresholds. The confusion between “taxable” and “reportable” is where most people get into trouble.
What is Form 3520 and when do I need to file it?
Form 3520 (Part IV) is used to report gifts or bequests received from foreign individuals or estates above the applicable threshold in a calendar year. It’s an informational filing, but skipping it when required can lead to significant penalties.
I already received the funds years ago and never reported them — can this still be fixed?
Often, yes. Depending on the facts and how much time has passed, there are paths to coming into compliance, sometimes with penalty relief available.
Read Nicole’s White Coat Investor article, What Doctors Need to Know About Receiving Gifts from Abroad: Tax Traps and Filing Requirements, or book a foreign gift or inheritance advisory session.
Foreign-Owned U.S. Businesses (Form 5472)
Owning a U.S. business with foreign ownership creates reporting obligations that can carry severe penalties when missed or handled incorrectly. We help foreign-owned U.S. businesses and global entrepreneurs navigate compliance with accuracy, structure, and forward-looking planning.
Our process & common questions
Our process
- Assess ownership, entity classification, and related-party activity.
- Confirm which filings apply and what counts as a reportable transaction.
- Prepare and file Form 5472 (and required attachments), then set a defensible documentation framework going forward.
What is Form 5472 and who has to file it?
Form 5472 is an IRS information return required for U.S. corporations that are 25% or more foreign-owned, and for foreign-owned U.S. single-member LLCs treated as disregarded entities. It reports “reportable transactions” between the U.S. entity and its foreign owner or related parties.
What happens if I miss the deadline?
The penalty for a late, incomplete, or unfiled Form 5472 starts at $25,000 per form, and it can increase if the failure continues after IRS notice. There’s no minimum transaction size that exempts you.
Can I fix a missed filing from a prior year?
Yes, in many cases, including reasonable cause penalty relief where applicable. The right path depends on how the entity was structured and what transactions occurred.
Book a paid consultation so we can review your structure, identify filing requirements, and outline a clear compliance plan.
Living Abroad as a U.S. Citizen
Living overseas doesn’t remove your U.S. tax responsibilities—and for many expats, that’s the part no one explains clearly until something goes wrong. We support U.S. citizens living abroad with confident, accurate guidance for international reporting, compliance, and long-term planning.
What we handle & common questions
Expat tax issues are rarely “just one form”
- U.S. tax returns (Form 1040) with foreign income considerations
- Foreign Earned Income Exclusion (Form 2555) and/or Foreign Tax Credit (Form 1116) strategy
- Offshore reporting: FBAR (FinCEN Form 114) and FATCA (Form 8938)
- Foreign pensions, investment accounts, employer plans, and PFIC reporting (Form 8621)
- Multi-currency income, capital gains, and cross-border withholding
- State residency and filing obligations, and U.S. businesses owned while living abroad
Do I still have to file a U.S. tax return if I live and work abroad full-time?
Yes. U.S. citizens and green card holders are taxed on worldwide income regardless of where they live. What changes is which credits, exclusions, and additional forms apply.
Do I still owe state taxes after moving abroad?
It depends on the state and how thoroughly you severed ties when you left. This is one of the most commonly overlooked issues for new expats.
Do digital nomads qualify for the Foreign Earned Income Exclusion?
It’s possible, but harder to establish. Qualification depends on passing the bona fide residence test or the physical presence test (330 days outside the U.S. in a 12-month period), which requires careful day-counting.
Book a paid consultation for a clear plan for your U.S. filing, offshore reporting, and cross-border compliance.
Non-Resident Ownership of U.S. Real Estate (FIRPTA)
Owning real estate across borders creates opportunities—but it also introduces reporting and compliance obligations that are often misunderstood. We help internationally connected individuals and investors navigate the U.S. tax implications of cross-border property ownership with clarity and precision.
Rentals, sales & how we work
Common situations
- You are a nonresident and you own U.S. rental property
- You are selling U.S. property and want to understand FIRPTA withholding before closing
- FIRPTA withholding feels too high and you want to explore a withholding certificate option
- Prior filings were missed or handled inconsistently year over year
Rentals
Confirm the correct U.S. filing position for rental income, organize income and expense documentation in a defensible way, coordinate withholding and reporting so the numbers match what is filed, and establish a repeatable compliance plan.
Sales
Pre-close planning so there are no surprises at the closing table, withholding coordination and documentation, withholding certificate strategy and timing, and post-sale filing to reconcile withholding with the actual tax result.
How we work
Assess residency status, ownership, property facts, and the transaction timeline. Plan the compliance approach for rentals and/or sale events. Execute filings and documentation, then set a plan for ongoing compliance.
Book a paid consultation so we can confirm what applies to your facts.
Guessing is not a filing strategy.
NGG Tax Group, Inc.Tax strategy that crosses borders when you do.
U.S. Taxpayers With U.S. & Foreign Assets
U.S. and international reporting and cross-border transactions.
U.S. Expats & Global Professionals
Ongoing strategy for foreign income, expat compliance, and multi-jurisdiction planning.
Non-Resident Owners of U.S. Real Estate
U.S. compliance reporting for rentals, sales, and other business income.
Nicole Green, EA, MST
Nicole leads NGG Tax Group, Inc. and brings a decade of public accounting and industry experience. She helps taxpayers navigate and understand how on earth the U.S. tax system works, as it often feels like a maze designed by sleep-deprived lawyers.
She brings clarity and practical guidance to work that centers on cross-border tax planning and international compliance. She earned a BA from the College of the Holy Cross and a Master of Science in Taxation (MST) from Golden Gate University. As an Enrolled Agent, Nicole can practice in all 50 states.
- Enrolled Agent
- MST, Golden Gate University
- BA, College of the Holy Cross
- Licensed in all 50 states
A practice built for global lives.
If your finances cross borders, your tax strategy has to do the same.
We work with individuals, families, and business owners whose income, assets, and obligations span more than one country. International reporting can affect how you receive money, invest, buy property, structure a business, and move between countries without creating unnecessary risk.
Some clients come to us with years of missed filings. Others want to structure things correctly before buying property, accepting an inheritance, relocating, or expanding a business. Either way, the goal is the same: reduce exposure, increase clarity, and create a compliant path forward that works across borders.
Questions we’re built to answer
What do we need to report when we receive money from family abroad?
How do we stay compliant while living outside the United States?
What happens when a foreign owner is involved in a U.S. business?
How should we hold international real estate while staying compliant?
How we work
Understand the full picture of your global finances. Identify reporting gaps, exposure points, and filing requirements. Help you make informed decisions before problems arise.
Start with the checklist.
Expat Tax Prep Checklist
Gather what you need before you sit down to file. A free download from NGG Tax Group.
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TaxBuzz CountingWorksGet in touch with NGG Tax Group, Inc.
- Phone
- (800) 579-5168
- [email protected]
- Office
- 704 Washington St, #214
South Easton, MA 02375 - Hours
- Call (800) 579-5168 for current hours and consultation availability.