For cross-border work involving the United States and the Dominican Republic, begin with the records, tax matters and reports you actually need. A credential name alone does not identify the services included in an engagement. Ask which country the work concerns, who will perform it and what information you must provide.
For cross-border clients, accounting education and professional licensing should be understood separately. U.S. and Dominican accounting programs can cover similar foundations, including financial accounting, auditing, cost accounting, taxation and business management. Pedro Henriquez’s Dominican CPA credential and MBA reflect his professional and academic background. They do not establish a U.S. state CPA license. Differences also include examinations, education and experience requirements, tax laws and financial-reporting standards.
Cross-border financial reporting may require U.S. GAAP, IFRS/NIIF or IFRS for SMEs/NIIF para las PYMES, depending on the entity, regulator and report recipient. These frameworks have different detailed requirements; translating a report does not convert its accounting basis. Financial-reporting standards are also separate from tax rules. Confirm the applicable framework before preparing either country’s reporting package.
Pedro’s Enrolled Agent credential authorizes U.S. tax representation before the IRS. With appropriate taxpayer authorization, EAs have unlimited representation rights for IRS audits, payment and collection matters, and appeals. Those IRS rights are also held by U.S. CPAs and attorneys. For a fuller explanation of education, credentials and reporting standards in a cross-border engagement, read our U.S.–Dominican CPA comparison.
Table of Contents
Define the cross-border work
For work involving both countries, agree what records and reports are needed, who will prepare them and which country each report concerns. Confirm any additional reporting requirements with the professional responsible for that work.
Organize cross-border records by business and period
Keep ownership documents, bank statements, invoices, payroll records and previous filings together. Identify the currency and period for each set of records. Ask how transactions between businesses will be documented and which questions need separate advice.
Select filings from the actual facts
Select U.S. return and information-reporting forms from each entity's actual federal classification, ownership and activities. A foreign corporation is not an eligible domestic S corporation; do not assign Form 1120-S merely because its owner uses an S corporation elsewhere.
Additional tax and recordkeeping considerations
International Tax Support: Henriquez Accounting reviews U.S.–Dominican cross-border reporting and potential foreign earned income exclusion, foreign tax credits, and home sale exclusion where applicable. Each has separate eligibility rules. The Dominican Republic is not listed among U.S. income tax treaty countries; do not assume treaty relief applies.
I’m a U.S. citizen with a DR corporation—what must I file?
Reporting depends on the applicable thresholds and ownership categories. Foreign ownership may trigger information returns such as Form 5471 in addition to applicable income-tax reporting. FBAR and Form 8938 have separate tests and filing routes and do not replace one another. Determine the relevant ownership categories, tax classification and filing year before selecting forms. See Form 5471 instructions and the IRS comparison of Form 8938 and FBAR.
Can you help with treaties, FEIE, and the home sale exclusion?
We review eligibility for the foreign earned income exclusion, foreign tax credits, and the home sale exclusion when relevant. The Dominican Republic is not a U.S. income tax treaty country. Any treaty analysis involving another jurisdiction requires a separate review.
Confirm credentials and scope
Pedro Henriquez is an Enrolled Agent in the United States and a CPA in the Dominican Republic. His Dominican CPA credential is not a U.S. state CPA license. Confirm the requested work and responsible practitioner in the engagement.
Related services and resources
Bookkeeping · Tax preparation · Controller and CFO services · Form 5471 instructions · IRS comparison of Form 8938 and FBAR · IRS preparer credentials · IRS treaty country list · ICPARD professional requirements
Discuss your cross-border accounting needs
Contact Henriquez Accounting to discuss the records, questions and services needed. Confirm the scope, fees, responsibilities and meeting arrangements before engaging or traveling. Schedule a consultation.