With nearly three decades of experience – much of it preparing tax returns for nonresident aliens, U.S. residents that are eligible for the foreign earned income exclusion, and U.S. residents who control foreign corporations – Lynn Eller is the perfect choice to lead the firm’s international tax practice. Additionally, she pulls on her deep expertise of complex global tax issues to advise businesses expanding abroad as a program partner for the Virginia Leaders in Export Trade. She serves as a technical resource for international tax issues and presents seminars for her peers within PBMares.
Her knowledge of owner-managed businesses’ tax needs and hands-on approach to her work makes her a valued asset to her clients in a variety of industries, including professional services, real estate, healthcare, and manufacturing. She is particularly adept at helping business owners realize federal and state tax credits and incentives such as the research and development credit, foreign-derived intangible income deduction, and numerous state incentives.
She holds an Advanced Professional Certificate in International Taxation (APCIT) designated by the International Bureau of Fiscal Documentation (IBFD) which furthered her expertise in international tax from both a domestic and worldwide perspective. She also earned the Personal Financial Specialist (PFS) credential, indicating her extensive expertise in assessing the tax implications of investments, retirement plans, insurance, and estate planning.
When not helping entrepreneurs expand their businesses globally, she loves traveling. In fact, she lived in Pakistan and Saudi Arabia for stints during her younger years. When COVID grounded her stateside, she focused her creativity on baking and bread making and looks forward to traveling to take classes and meet bakers in other countries. Meanwhile, she enjoys spending time with her extended family, including her two daughters, a fashion buyer, and a veterinarian.
PROFESSIONAL ASSOCIATIONS:
- American Institute of Certified Public Accountants
- Virginia Society of Certified Public Accountants
- International Special Interest Group Founder and Chair
EDUCATION:
- Bachelor of Science in Accounting from Virginia Tech in Blacksburg, Virginia
ARTICLES:
Foreign Corporations Expanding into the U.S.: Preparing the Protective Form 1120-F
Expanding internationally is always an exciting adventure. Before jumping in head-first learn what is important to understand and the ramifications, including tax compliance, when entering the United States markets.
Post-Election Outlook for Foreign-Derived Intangible Income (FDII) Deduction
Foreign-derived intangible income (FDII) deduction, IRC 250 currently allows U.S. C corporations a reduced tax rate for income from goods and services sold to foreign customers. FDII was enacted with the Tax Cuts and Jobs Act of 2017 (TCJA), which reformed the U.S. system for taxing international corporate income. Read this post-election outlook for FDII.
Post-Election Outlook for Global Intangible Low-Taxed Income (GILTI)
Learn more about why it’s important to understand the GILTI calculation and how it specifically interacts with your foreign corporate investments.
Tax Compliance Considerations for U.S. Companies Hiring Foreign Remote Workers
Today’s U.S. companies are finding many benefits to hiring remote employees from around the globe. However, along with those benefits come a myriad of tax compliance considerations.
learn about a few of those considerations and practical solutions so companies can proactively prevent problems and ensure compliance.
Why Small and Middle-market MNEs Should Care About Transfer Pricing
Cross-border transactions between related parties have become one of the more controversial issues in international taxation. Learn why an understanding of transfer pricing and the related compliance requirements is essential for all sizes of multinational companies.
Foreign Companies Expanding into the United States: Navigating Cybersecurity Compliance
Foreign companies entering the U.S. market should understand the SOC 2 and PCI DSS cybersecurity standards. Learn more about why they are what is required to stay complaint.
Income Tax Treaties: How Cross-Border Companies Use Them to Reduce Taxes
U.S. businesses that expand internationally must address a variety of tax-related implications. Understand key terms and considerations about income tax treaties.
U.S. Income Tax Treaties: Tax Relief for Individuals
The U.S has more than 60 tax treaties with foreign countries who are trading partners. Tax treaties can benefit individuals by clarifying their tax obligations, reducing tax burdens, and simplifying cross-border economic activities.
When a Foreign Partner Sells Interest in a US Partnership – 1446(f) Withholdings
The 2017 Tax Cuts and Jobs Act (TCJA) spurred transformative change for tax treatment and introduced IRC 1446(f) of the Internal Revenue Code (IRC). This article addresses Section 1446(f) withholdings and outlines exceptions to this withholding that are available.
Podcast | Military Tax Filings
As PBMares International Tax Practice partner, Lynn Eller helps us understand tax considerations for private military contractors working abroad.
Foreign Investment in U.S. Real Estate Tax Act
Learn about the Foreign Investment in Real Estate Property Tax Act and the impacts to you.
Podcast | Streamlined Amnesty Program
Lynn Eller, PBMares International Tax Practice partner, discusses the benefits of the Streamlined Amnesty Program in our latest podcast.
Pre-immigration Tax Planning Considerations
Be prepared and learn about the importance of pre-immigration tax planning and important things to consider.
FAQs About the IRS Streamlined Amnesty Program
Taxpayers may have the opportunity to pay their taxes without facing penalties or interest for filing late through the IRS Streamlined Amnesty Program.
Tax Considerations for Military Contractors Working Abroad
Navigating the tax requirements for military contractors can be complicated. Learn about several key considerations for tax treatment and implications.
Tax Considerations for Foreign Residential Rentals
Owning property in a foreign country and renting it out will have its own responsibilities. Here’s a guide on some things to consider for income tax filings.
Expatriating Americans: Beware the Exit Tax
For a variety of reasons, many Americans living overseas contemplate relinquishing their citizenship. This process has a number of ramifications that warrant serious consideration. This article will focus on the tax impact of renouncing US citizenship — the US Exit Tax.
Subsidized Resources for Virginia Companies that Export Overseas
PBMares assists Virginia companies to save time and money by leveraging strategic and subsidized international business services available from the Commonwealth of Virginia.
How Do I Complete a W-8BEN-E Form? … and What Is It?
If you are reading this article you have likely been tasked to complete the 30 Part, 8 page IRS form filled with mystifying acronyms. We feel your pain. The key takeaway is that you can save on tax and paperwork grief by completing this correctly.
Selling Overseas: What Triggers a Foreign Tax Filing Requirement?
As selling overseas becomes easier and staff becomes more internationally mobile, understanding foreign tax filing requirements is critical. A good place to begin is by considering the permanent establishment threshold.
Exporters May Be Leaving Money on the Table
Unless your business is taking advantage of the special export tax incentive known as IC-DISC (interest-charge domestic international sales corporation), you may be leaving money on the table.
GILTI: An Overview
US citizens and tax residents who have formed — or are considering forming — a corporation in a foreign country may be impacted by global intangible low-taxed income (GILTI). The tax implications and considerations are complex. Understanding GILTI is important for making informed decisions for yourself and your business structure.
Three Tax Considerations for U.S. Companies Paying Independent Contractors Overseas
It’s increasingly common for U.S. companies to do some portion of their business overseas. For those businesses, reporting on foreign transactions for tax purposes can become complicated.
In this blog, we outline several steps to begin managing your tax reporting responsibilities.
What C Corporations Need to Know About the FDII Deduction
Foreign-derived intangible income (FDII) is generated when a C Corporation serves foreign markets. This includes the sale of property, licensing intangible property, as well as […]
When Remote Employees Work Overseas: Three Ways to Avoid Cross-Border Tax Complications
If your business has — or is considering hiring — remote employees working outside the U.S., it’s important to know how that arrangement impacts employment tax. Here are three considerations to protect your business from cross-border tax complications.
Checklist for Foreign Companies Expanding a Business into the United States
When foreign businesses expand operations in the U.S., several areas must be addressed – starting with entity selection, understanding differences in American taxes vs the parent company’s home country, and more. This checklist can help.
The Biden Tax Plan: Changes to Global Intangible Low-Taxed Income (GILTI)
The new Global Intangible Low-Taxed Income (GILTI) regime imposes U.S. tax on foreign earnings of certain foreign corporations whether or not the profits are repatriated to the U.S. owner.