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Expatriate Tax Returns

american expatriates

What’s In a Name?

 

You’ve probably noticed that the majority of CPA firms out there do not have very interesting names. In fact, like law firms, they’re often just named using the last names of a few of the most senior partners. Our accounting firm doesn’t have a typical name like that and it’s because we aren’t a typical accounting firm. We determined many years ago that our firm would only focus on expatriate taxes and we would use the Internet to connect with American expats who needed expert support with their unique, specific tax returns. That’s why we chose the name ExpatriateTaxReturns.com.

At ExpatriateTaxReturns.com, we value the relationships we’ve developed over the years with thousands of American expats, and dozens of the largest companies that send employees overseas for a limited engagement. It has been through these relationships that we have become America’s #1 most trusted expatriate tax prep firm. We are honored to take care of American expatriates and we understand that you are sacrificing much as you move your family out of the country for an extended time.

 

 

We are keenly aware that there are many challenges that come with becoming an expat and we seek to provide our many clients with the peace of mind of knowing their tax returns are prepared quickly and expertly.

Whether you’re an American expatriate in Singapore, Sydney, Dubai or London, you can trust ExpatriateTaxReturns.com with your U.S. tax returns. Call us today toll-free at 877-382-9123 to talk to one of our talented tax professionals and begin freeing up your time while we prepare your expatriate tax returns.

The World’s Only Getting More Hectic

If you have been feeling like you’re head’s been spinning out of control because of the daily news cycle, you’re not alone. Each day there are new shocking revelations in the world news, and as the world appears to be getting smaller thanks to globalization, these news items affect us no matter where we are living and working. An American expat living in London, Sydney or Tel Aviv is certainly affected by news that President Trump has signed a bill changing U.S. tax laws that might affect expatriates.

You might choose to not follow the 24-hour news cycle so closely in order to preserve your sanity. However, our company, Expatriate Tax Returns, sees it as part of our mission to follow how world politics, American tax law, and other issues affect our clients financially. Our only clients are American expats and we make it our top priority to ensure that our team of accountants stays up-to-date on all changes in the tax code.

expatriate tax returns

You don’t have to follow the news because we do. That’s our job. You can focus on work, family, hobbies and everything else that’s important to you. Let us worry about how the world is changing and how those changes will affect your expatriate taxes. At Expatriate Tax Returns, we know that American expats have enough to worry about without trying to figure out expat tax preparation.

We’re here for you… our clients. Call us today at 877-382-9123.

Why Expatriate Tax Returns Exists

 

Watch just one episode of Shark Tank, featuring entrepreneur Sharks like Mark Cuban, Barbara Corcoran, and Kevin O’Leary, and you’ll immediately understand that every company has a reason for existing. In fact, one of the first questions the Sharks ask contestants on the hit reality TV show is for them to ask their mission and vision. This is a question that our company, Expatriate Tax Returns, takes very seriously.

We are a purpose-driven company. That means that our reason for existing is based on what we see as our purpose. Our mission as an online tax consultancy is to specifically assist the segment of the population known as American expatriates. We do this by preparing the U.S. tax returns of expats in a highly skilled and professional way. At Expatriate Tax Returns, we believe that the specific tax returns that American expats have to prepare are very challenging and time-consuming. Our goal is to alleviate the stress that often comes with expat tax preparation.

 

Diane Siriani, Founder of Expatriate Tax Returns
Diane Siriani, Founder of Expatriate Tax Returns

 

How did we come to understand our mission? We believe that there was a missing piece in tax prep in our country. Private CPA firms and large accounting companies were not focusing any attention on the expat population. We saw that missing piece as an opportunity. We believe we’re solving a problem and, in doing so, we found our niche. Expatriate Tax Returns has created a solution to the problem of challenging expatriate taxes.

Our mission is the reason we exist. We are here to help you — American expats who live and work abroad but are still responsible to pay U.S. taxes. We are dedicated to this mission and we love what we do. Call us today at 877-382-9123. We want to serve you.

 

Expats: Do You Know What You’re Entitled To?

As an American expatriate living abroad, you have a unique opportunity to claim a Foreign Tax Credit. By doing so, you will avoid dual taxation, which is when two different countries impose taxes on the same income. No one wants to be doubly taxed of course, but if you’re caught unaware you could be subject to this potential unfairness.

Expats should understand how important it is to complete Form 1116. This form is then attached to your U.S. expat tax return. Then you’ll be able to claim this credit and avoid paying United States taxes on income that you have already paid on in your foreign tax home.

expats-foreign-tax-creditIn order to qualify for the Foreign Tax Credit expats must have earned income, have paid tax or acquired a tax liability that you will have to pay in the future and live legally in the foreign country as an American expat.

Claiming the Foreign Tax Credit directly offsets your U.S. taxes for any income earned overseas. This can only be used to offset U.S. taxes on your interest, dividends or compensation earned abroad. It cannot exceed the amount of U.S. taxes you pay on the foreign income. If it does exceed that amount, you can carry forward the balance to future tax years.

The talented team at Expatriate Tax Returns will be able to quickly determine if you are eligible for this credit and if you are, a tax expert will walk you through this process. We don’t want you to be unfairly double taxed and that is why it is critical to know about the Foreign Tax Credit before filing your expat tax returns.

Contact Expatriate Tax Returns for more information by calling 877-382-9123 toll free.

Love and Marriage: An Expat Married to a Non-U.S. Citizen

A recent article in the Wall Street Journal titled “Tax Life Can Be Complicated When You’re Married to a Non-U.S. Citizen” looked at the difficulty many American expatriates have when they are married to a spouse who doesn’t have United States citizenship. As if it wasn’t challenging enough to be an American citizen living and working abroad with Expat Taxes, these expats face an additional layer of complexity when they file their taxes.

The first question the article addressed is whether these expats should they file “married jointly” or separately. At Expatriate Tax Returns, we know that many of our clients faced this same confusion. There are advantages and disadvantages to the way you file, so it’s important to know what makes the most sense for you. There are significant tax implications for either situation.

Many expats need to know whether they can put bank accounts in the name of a foreign spouse and whether it is worth it to do this. Many of our clients also ask us about the Foreign Bank Account Report (FBAR), which was introduced by the IRS to battle offshore tax avoidance. The FBAR requires you, as a U.S. citizen abroad, to report financial accounts held abroad. Additionally, you’ll want help determining whether your non-U.S. citizen spouse’s income should be included in your tax return. There also might tax implications based on how you file as it could move you into a higher tax bracket.

A lot of evaluation is required to know how best to handle the situation of an American expatriate filing expat taxes when married to a non-U.S. citizen who is also living and working outside of the United States. The best way to handle this is to allow tax professionals to handle these variables. At ExpatriateTaxReturns.com, no client is treated with a cookie cutter. We look at each client’s needs and situation before evaluating how best to handle their tax preparation and filing. The topic of expat taxes is always complicated, but we have the years of experience to handle it in the most professional, thorough and successful manner. Trust the professionals. Visit our website at www.expatraitetaxreturns.com and fill out the simple form for more information.

Expat Tax Rules Can Be Confusing

It’s March and that means we’re still at the beginning of the new year, but we’re already seeing some changes to the tax laws for U.S. expats. It seems that the IRS creates new rules and regulations every year when it comes to expatriate taxes.

It can be a full-time job just to keep up with all of the different rules for preparing your expat tax returns. That’s why the professionals at Expatriate Tax Returns are here to handle that for you. The rules for expat tax filing are confusing and require experience.
Having a tax professional with specific expertise in U.S. expatriate tax law is truly the best way to handle this. The tax pros at ExpatriateTaxReturns.com has been helping American citizens living overseas for many years and makes it a top priority to discover and master the new tax laws that are changed each year.
For example, it’s essential to know the current tax year’s policy on U.S. expat foreign bank, financial and asset reporting. Over the years there have been huge increases in the number of audits of U.S. expatriates due to the U.S. Government Accountability Office’s (GAO) discoveries of inaccurate claims by expats. It’s important to report all foreign assets and income in your tax filing.
Don’t be confused or stressed over your expatriate taxes. Let us take the hassle out of the process and you’ll be glad you did. Call us today to get started and rest assured that your expatriate tax returns will be in good hands. Call our support hotline toll-free at 877-382-9123.
*Don’t forget that March 15 is the day your Corporate Returns are due.