Evelyn Fernandez, CPA, MST

Evelyn is a Tax Director at KROST. She has been in the public accounting profession for over 11 years.

Her areas of expertise include tax planning and compliance for high net worth individuals, international entities and individuals, multi-state taxation, partnerships, S corporations, trusts, nonprofit organizations and entertainment businesses.

Evelyn has extensive experience in working with clients and their attorneys in participating in the Federal offshore voluntary disclosure initiative programs (OVDI). Her experience includes Foreign Bank and Financial Account reporting, foreign trusts, controlled foreign corporations and passive foreign investment companies.

Prior to joining KROST, she was working for a mid-size firm in Miami, Florida.

Professional Experience

• KROST, Tax Director
• KROST, Senior Tax Manager
• Morrison, Brown, Argiz & Farra, LLP, Tax Manager
• Deloitte Tax LLC, Tax Staff
• Bachelor of Science in Accountancy & Finance, California State University, Northridge
• Masters in Taxation, Golden Gate University

Extracurricular Activities

Evelyn is a passionate long-distance runner participating in multiple marathon events on a yearly basis. She also does CrossFit and participates in various obstacle and mud races like Muddy Buddy, Tarzan’s Cup and Merrell Obstacle Run.

IC-DISC Tax Savings on Export Goods or Services

October 1, 2018

Below is a preview of one of the articles in the new issue, “IC-DISC Tax Savings on Export Goods or Services” by Evelyn Fernandez, CPA, MST: Interest‐Charge Domestic International Sales Corporation (IC‐DISC) is quite a mouthful, which may be a reason why most people don’t know about this tax incentive. Thousands of businesses are not … Read More

Changes in Reporting Requirements for Foreign-Owned Domestic Disregarded Entities

July 23, 2018

Foreign-owned domestic disregarded entities have not had filing requirements in the past unless an election was made to treat is as a corporation, known as “check the box”. Disregarded entities are most commonly single member LLC (SMLLC). Generally, income tax and reporting requirements would not be reported separately. Rather, they would have been reportable on … Read More

Reporting Foreign Accounts

February 6, 2018

Nowadays, it is not uncommon for taxpayers to have bank accounts and investments held in different countries. While there is nothing wrong with this, it is important to make sure you are in compliance with US tax filings with respect to foreign accounts and investments in order to avoid getting hit with penalties. There are … Read More

How You Can Save on 2017 Taxes Before the End of the Year

November 29, 2017

If you’re looking ahead to the tax season in early 2018, it’s not too late to maximize your tax deductions. There are some excellent strategies that you can implement today that will pay dividends come tax return time. Plan ahead for these deadlines, and ensure that you get every deduction that you can. Donate to … Read More

Why You Should be Taking Advantage of the IC-DISC Tax Savings Opportunity

August 24, 2017

Interest-Charge Domestic International Sales Corporation (IC-DISC) is quite a mouthful, which may be a reason why most people don’t know about this tax incentive. Thousands of businesses are not taking advantage of this tax savings opportunity mainly because they aren’t aware of its benefits. In simple terminology, an IC-DISC is a separate legal entity from … Read More

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