K&K CPAs
Review guide · International tax
Start cross-border questions with a transaction map
Understanding an overseas transaction requires more than the amount arriving in an account. The underlying context matters.
01
Build a timeline
Organize residence changes, income, acquisitions, and transfers by year.
02
Identify the parties
List the account holder, asset owner, sender, and recipient for each transaction.
03
Connect purpose and documentation
Gather records describing the intended gift, inheritance, loan, or sale. Tax characterization requires a separate review.
04
Include prior reporting
Prepare U.S. returns and available foreign tax records to help identify areas requiring further review.
Official reference ·
These are general review guides, not representations of K&K CPAs client engagements or outcomes. Website materials provide general information about our services. Individual tax conclusions require a review of facts and records. An inquiry alone does not create an engagement.
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into a next step.
You do not need a perfect explanation. Start with what happened and what you would like to understand.
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Turn today’s questions
into a next step.
You do not need a perfect explanation. Start with what happened and what you would like to understand.