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Expatriate Tax Returns

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U.S. Social Security, Medicare, and Self-Employment Taxes

Social Security and Medicare are always a big question when it comes to taxes…when do you pay them and when are you exempt?It is really pretty simple, if you are an offshore employee for an American Corporation, then your employer will usually withhold Social Security and Medicare taxes on your W-2 wages.If you are in one of the 20 plus countries that the U.S. has the Social Security Totalization Treaty, working for a U.S. based employer, you are able to participate in that country’s social insurance system and you will not be required to pay social security and medicare taxes to the US.

Are you a bonafide employee of a foreign employer? If yes, you are not required to pay U.S. Social Security Tax, you will pay the foreign country’s social security tax based upon foreign laws.

As an independent contractor you are obligated to pay, with your income tax, a U.S. Self-Employment tax that is both the employer and employee share of Social Security and Medicare taxes.

If you would like Start Now. At Expatriate Tax Returns we are efficient and reliable and can handle all the work for you. Don’t be confused by any of the process. We will help you navigate it safely.

Get the right accountant for your Expat Tax Returns

At Expatriate Tax Returns, we take pride in giving the best service to our customers over the years. We prepare your tax returns with no inconvenience to you, from the comfort of your home. We do returns via the internet, email, skype, phone calls and/or any other method that suits you.

We will make sure to get you every credit you qualify you, and you will never pay more than you owe.

We provide fast and efficient service with a quick turnaround time. You will also never pay any hidden fees. The price is a flat $300 for each tax return.

Please ask us if you have any questions. You can also start now!

Is surrendering your citizenship an answer to avoiding filing US taxes?

Is surrendering your citizenship an answer to avoiding filing US taxes?

With the United States being the only country in the world that taxes income based upon citizenship (rather than residency), “expatriation” is fast becoming a consideration for those who have never lived or worked here. And, for many, it makes sense.

For years, all the rules and regulations regarding off shore filing requirements were pretty much swept under the rug, especially for those who are dual citizens or really had no attachment to the United States. Now that the “FBAR hype” is receiving a tremendous publicity people all over the world are asking: “Should I file or just stay under the radar screen?”

Expatriation requires a formal application process with the United States Department of State and filing past tax returns from 6-10 years depending upon whether or not you owe tax. The process itself will require you to disclose all of your financial and tax information for past years and may involve significant tax, penalty and interest assessments, depending upon your situation.

So, if owe no tax, you have not accumulated more than $10,000 in foreign financial institutions, and you have no interest in having a relationship with Uncle Sam…you can “expatriate” without much risk. If, however, you may owe tax and/or fall under the FBAR filing requirements, think it through before you apply. The expatriation process can be very risky.

If you have any Expatriate Tax questions please contact us.

American Expat Married to Non-US Citizen

If you are an American Living Abroad and are married to a non-US citizen, don’t let your taxes confuse you.

As a US citizen you may file a joint tax return with a non citizen if you both choose to treat the spouse as a resident on all Expat Taxes from hereon out. This has some drawbacks, but the advantages greatly out weigh it.

A disadvantage to this is that the non-US spouse’s income will now be taxed, however, an advantage is that the Foreign Earned Income Exclusion can be doubled. To do this, you must obtain a Tax ID Number.To get a TIN you must apply with the IRS using form W-7. This takes some time, so it’s important to apply a few months before filing your tax returns to make sure you have it in time.

If you have any questions or want to clarify any requirements please contact us.

Information Exchange Agreements with the U.S.

America is known to have many different agreements with different countries around the world. One of these agreements is the Information Exchange Agreement.

Basically, what this means is information is freely shared by those countries with the U.S. about American Expats and people living abroad there. These agreements are made with the following countries:

Barbados, Bermuda, Colombia, Costa Rica, Dominican, Dominican Republic, Grenada, Guyana, Honduras, Jamaica, Marshall Islands, Mexico, Peru, St. Lucia, Trinidad and Tobago.

If you have any questions please let us know. Also, if you need help filing your taxes because you live abroad we are here for you. You can also start with our quick and easy form now.

Why Should you File with Expatriate Tax Returns?

Expatriate Tax Returns are what we solely do. With so many tax prepares out there, you need to be sure of who you are hiring. Many tax offices are not accustomed to doing Expat Taxes for American living abroad and that may mean less money on your return, or more tax you have to pay that you normally shouldn’t.

We specialize and have years of experience in Expat Tax. We consult with you and know all the deductions and credits you may be eligible for. We do not let you pay more than you owe and in most expat cases it is not much at all.

At Expatriate Tax Returns, we are efficient and quick. We know you need your taxes fast. We also do almost all of our communication online either via video chat, email or in some cases via the phone. This allows you the flexibility and convenience of filing your taxes securely from anywhere around the globe!

No hidden fees or costs from us. The price you are given is the price you get. It starts at $300 per individual return, some additional charges may apply. We are proud of our same day service we give.

You can either start now or contact us if you have a question.