San Isidro tax lawyer
Law Offices of SRIS, P.C. is a US law firm founded in 1997 that assists clients in San Isidro, Peru, with US federal and state tax matters. Whether you are a US citizen living in Peru, a Peruvian investor with US assets, or a business with cross-border operations, our US-licensed attorneys can advise on US tax compliance, reporting obligations, and planning. For Peruvian tax law questions, the firm collaborates with Martín Mayandía, Of Counsel, admitted to practice law in Peru (2009) and not admitted in any US state bar; his role is limited to Peru-law matters in collaboration with the US-admitted attorneys of the firm. All US-law aspects are handled by Mr. Sris and the US-admitted attorneys of the firm. To discuss your situation, call (888) 437-7747.
How a US Tax Lawyer Assists Clients in San Isidro, Peru
US tax law reaches far beyond American borders. US citizens and green-card holders living in Peru must continue to file US income tax returns and may need to report foreign bank accounts, foreign trusts, and certain foreign assets. The firm’s US-licensed attorneys help clients navigate these obligations—preparing returns, advising on the FBAR and FATCA reporting requirements, and structuring foreign tax credit claims to avoid double taxation. We also represent clients in IRS audits, appeals, and collection matters, always focusing on the specific facts of each case.
For Peruvian residents who invest in the United States—whether through real estate, a business, or securities—the US tax system imposes distinct withholding, reporting, and filing duties. Our attorneys advise on the tax-efficient structuring of US investments, the application of the Foreign Investment in Real Property Tax Act (FIRPTA), and the proper use of entity classifications to minimize US tax exposure. Every engagement is handled by a US-licensed attorney; the firm does not practice Peruvian tax law, but through its Peru Of Counsel it can coordinate with Peruvian advisors when a matter requires both US and Peruvian tax analysis.
Frequently Asked Questions
Do I need a US tax lawyer if I live in San Isidro, Peru?
If you are a US citizen, green-card holder, or have US-source income, you likely have ongoing US tax filing and reporting obligations even while living in Peru. The US taxes its citizens and permanent residents on worldwide income. A US tax lawyer can help you understand what must be reported, prepare compliant returns, and address any past non-compliance through voluntary disclosure programs. The firm’s US-licensed attorneys focus exclusively on US tax law, so you receive advice grounded in current IRS rules and procedures.
What US tax obligations do US citizens residing in Peru have?
US citizens living in Peru must file annual US income tax returns reporting worldwide income, and may need to file FBAR, FATCA, and other information returns. The foreign earned income exclusion and foreign tax credit can reduce or eliminate US tax, but the rules are complex. Failure to file can result in significant penalties. Our attorneys review each client’s situation to determine which forms are required and to prepare accurate filings that take full advantage of available relief provisions.
How does the firm handle Peruvian tax aspects of a cross-border matter?
The firm’s US-licensed attorneys handle all US tax law issues; for Peruvian tax questions, we collaborate with Martín Mayandía, Of Counsel, who is admitted in Peru and not in any US state bar. Mr. Mayandía’s role is limited to Peruvian law matters and liaison support. This division ensures that each jurisdiction’s tax rules are addressed by a qualified professional, while the client receives coordinated guidance from a single point of contact at the firm.
Can the firm assist with FBAR and FATCA reporting?
Yes, our US-licensed attorneys regularly prepare FBAR and FATCA reports for clients with foreign financial accounts and assets. The FBAR (FinCEN Form 114) is required if the aggregate value of foreign financial accounts exceeds $10,000 at any time during the year. FATCA (Form 8938) has higher thresholds and applies to specified foreign financial assets. We help clients determine whether they have a filing obligation, gather the necessary information, and submit the reports on time to avoid penalties.
What if I own a business in both the United States and Peru?
Cross-border business ownership triggers US tax reporting for the US entity and may create US filing obligations for the Peruvian entity if it is classified as a controlled foreign corporation. Our attorneys advise on the US tax consequences of intercompany transactions, transfer pricing documentation, and the subpart F and GILTI regimes. We work with the client’s Peruvian accountants and, when needed, with the firm’s Peru Of Counsel to ensure that both the US and Peruvian tax positions are consistent and properly documented.
How are US real estate investments by Peruvian residents taxed?
Peruvian residents who own US real estate are subject to US income tax on rental income, capital gains tax on sale, and may face FIRPTA withholding. The US taxes non-resident aliens on US-source income at graduated rates or a flat 30% rate, depending on the nature of the income and whether a tax treaty election is available. Our attorneys structure ownership through appropriate entities, advise on withholding obligations, and prepare the required US tax returns to keep the investor in compliance.
What should I bring to an initial consultation about US tax matters?
Bring copies of your most recent US tax returns, any IRS notices, and a summary of your assets and income sources in both the US and Peru. For FBAR/FATCA questions, a list of foreign financial accounts with approximate maximum balances is helpful. The consultation is confidential and allows the attorney to assess your situation and explain the likely US tax obligations. There is no obligation, and the firm does not provide Peruvian tax advice; for Peruvian tax questions, we can involve the Peru Of Counsel with your consent.
How do I contact the firm from Peru?
You can reach Law Offices of SRIS, P.C. by calling the firm’s toll-free number, (888) 437-7747, from Peru or anywhere in the world. Calls are answered in English and Spanish. You may also send an email to peru@sriscounsel.com. Consultations are by appointment only. When you call, a staff member will ask about the general nature of your US tax matter and schedule a time for you to speak with a US-licensed attorney. The firm’s principal location is in Virginia, and all US-law services are provided from the United States.