Translation of income tax returns

Foreign income tax returns have to be translated by Legal Translation Systems when they are provided in a language other than English. We also convert the total and selected amounts into US Dollars as of the closing date of the fiscal year, provided by reputable foreign exchange sites. We are aware that certain countries have more then one rate, however we must use the official published rate.

Income tax returns have to be translated as proof of availability of funds. It also helps banks comply with KYC (know Your Clients) regulations, to ensure that funds are not the result of any illegal activity, such as money laundering.

Pricing of income tax returns varies according to country, and the number of schedules attached to the form. In certain countries, such as Brazil, the income tax return includes a list of the property owned by the taxpayer, which, in cases of very wealthy people, can run into several different pages.
Legal Translation Systems does all work in house, so there is no need to have concern about confidentiality issues.

Each translation requires a numbered, notarized affidavit of accuracy. Additional copies of the translation cost US$20.00.

Given the wide variety and length of such documents, it is not possible for us to provide pricing. This must be done individually. Send a pdf (or graphic file) of the document for pricing, without any obligation, toinfo@legaltranslationsystems.com. In case you prefer fax, our fax is 212 786-7241.

We ask that, if at all possible, you include all pages of the tax return into a single file. This facilitates the handling and use of the file, as well as calculation of the price.

Translations of tax returns can be used in both acquisition of real estate (financing or unfinanced acquisitions), as well as submission to upscale building boards. These might ask for such documentation to ensure that the buyer has enough funds to pay for high maintenance and assessment fees, and also to document the individual's background. This is specially so of coops and buildings in New York City.