Jaydeep Sanghani

Jaydeep is a Director and Co-founder of AlignMyTax, which he set up to do one thing properly: US international tax. He holds both the US CPA and the Indian CA qualification, which is an unusual combination and the reason the firm can work either side of a cross-border question without handing it off.

His practice covers the reporting obligations that arise when ownership, income, or assets cross a border — controlled foreign corporations, foreign partnerships and branches, disregarded entities, passive foreign investment companies, and the foreign asset disclosure regime under FBAR and FATCA. Alongside the compliance work he advises on entity structuring and classification elections, typically for foreign businesses expanding into the US and US businesses investing abroad.

A large part of the work is remediation: clients arrive having discovered that filings were missed, sometimes for years, and need to know how exposed they are before they decide anything. Jaydeep handles the diagnostic review and the route back into compliance — delinquent filings, streamlined procedures, and reasonable-cause positions.

He operates from Surat, Gujarat, and drives the firm's global expansion. He works directly with the firm's professional-services clients too, supporting CPAs, EAs, and attorneys whose clients have outgrown their in-house international capability.

Compliance & reporting

• Foreign corporations — Forms 5471, 926
• Foreign partnerships — Form 8865
• Foreign disregarded entities and branches — Form 8858
• Foreign-owned US corporations and disregarded entities — Form 5472
• GILTI / Net CFC Tested Income — Forms 8992, 8993
• Foreign tax credits — Forms 1116, 1118

Foreign asset compliance

• Foreign bank and financial accounts — FBAR (FinCEN 114)
• Specified foreign financial assets — Form 8938
• Passive foreign investment companies — Form 8621
• Foreign pensions, retirement accounts, and life insurance

Structuring & advisory

• Inbound and outbound structures
• Multi-tiered, multinational ownership chains
• US entity classification elections — Form 8832
• Treaty-aware cross-border analysis

Remediation

• Delinquent international information return procedures
• Streamlined filing compliance procedures — domestic and offshore
• First-time abatement and reasonable-cause relief

What do clients most often get wrong?

Assuming that owing no tax means there's nothing to file. Most international forms are penalised on failure to file, not on tax owed, so a dormant company with no income can still generate a serious penalty. The paperwork is the obligation.

What's the most common avoidable mistake?

Setting up the structure first and asking about tax afterwards. Reversing a poor entity choice is far more expensive than choosing well at the start — and by the time we see it, the reporting has usually compounded across several years.

Why work with other firms rather than compete with them?

Because a good CPA with a client they've served for fifteen years shouldn't have to choose between refusing international work and referring the relationship away. We take the cross-border piece and leave the relationship where it belongs. That's a deliberate commercial boundary, not a marketing line.

What makes a cross-border engagement go well?

Candour early. The facts that clients are most reluctant to mention are usually the ones that determine which remediation programme applies — and choosing the wrong programme is a costly mistake in itself.