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Expatriate Tax Returns

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Moving Abroad Your Life May Be More Complicated Than Ever Before

Relocating can enable you to get a great job, make more money and have a totally interesting change to your lifestyle.  Moving offshore creates other issues that need to be considered like:

  • Dealing with foreign currency and exchange rates
  • Language barriers
  • Benefit packages such as health insurance, tuition, housing, transportation
  • Tax rules, rates and regulations

Basically, pretty much everything you take for granted.

Before agreeing to any employment contract you should contact Expatriatetaxreturns.com to review the offer, help you to manage your expectations, project your tax liabilities, and help with the answer to the question “Is it worth it?”

Moving across the world is a decision that cannot be taken lightly.  Get some professional guidance along the way to make sure that you are aware of all ramifications.

News for American Citizens Living Abroad

Expatriate Tax Returns Filing News for Expats

Tax Day, April 15th has passed. The bad news is if you owe taxes to the U.S. government, payment is overdue to the IRS. As an expat, you are given an automatic two-month extension to June 15th for filing but all monies owed were due on April 15th.

Hopefully, you are among the majority of Expats who do not owe any taxes but if not, pay now. If you are one of the minority expats that do owe taxes, you may have to pay interest. Submit your payment in full to stop the interest from accruing. Our CPA’s are here to help make your tax filing easy, contact Expatriate Tax Returns today.

Expatriate Tax Returns is Grateful For You

It’s hard to believe that the year 2018 is almost over. It’s been a wonderful year for us at Expatriate Tax Returns and a time for reflection. While we have been serving American expats for many years, we still think of our company as a startup. The reason is that it keeps us thinking in innovative ways. Expatriate taxes are constantly changing for American citizens working abroad and we see it as our mission to keep ourselves a few steps ahead of the pace.

Our expat tax strategies are constantly evolving to meet the needs of our expatriate clients. The recent Thanksgiving holiday gave us at Expatriate Tax Returns a chance to count our blessings. We are so very grateful for our many clients, who are living and working in interesting countries throughout the world. We thank you for putting your trust in our tax preparers to prepare your expat tax.

 

expat tax services

 

Ensuring that the expat tax returns for thousands of clients around the world are complete and thorough is quite an undertaking for our team, but it’s our reason for existing. We take tax prep very seriously and take great pride in keeping apprised of the many recent changes in IRS tax rules for expatriates. The gratitude we receive when a client is satisfied with their expat tax preparation reminds us that what we do really makes a difference. It gives our clients peace of mind.

During the winter holiday season, we gave thanks for all the good that we have in our lives. Everyone at Expatriate Tax Returns is grateful for you — our clients. We wish you a joyous and blessed holiday season and a successful ending to 2018. Please do not hesitate to contact us with any questions regarding your expatriate tax preparation.

Expatriate Tax Returns Only Has One Client

Our company, Expatriate Tax Returns, believes that we only have one client. This belief allows us to completely focus on each client as if they are our only reason for existing. Why do we do this?

We know that we have a niche in the tax preparation industry. Working exclusively with expatriates means we understand our clients and their needs better than any other CPA firm. Being an expat is a unique experience — you’re away from home for several years and trying to accommodate your family abroad. The specific tax returns 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.

 

expatriate tax law

 

While we actually have thousands of expats as our clients and have helped countless American expatriates with their tax returns over the years, it’s our mantra to say that we only have one client. And that client is YOU! Our emphasis on making each client feel special is what has led us to become one of the country’s top expat tax preparation firms. Each of our clients is unique and has a tax return that demands our focus. We work diligently to understand each of our client’s situation before delving into the expat tax return. You have our pledge that you will always feel like you are our only client.

When you pay for tax preparation at Expatriate Tax Returns you are automatically covered under our “etax” guarantee which entitles you to reimbursement for penalties charged by a taxing authority if our tax specialist makes an error on your tax return. 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 877-382-9123 today and become our only client!

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.

How the Trump Tax Cuts and Jobs Act Will Affect American Expats

Just before Christmas, President Donald Trump signed the 1,100-page Tax Cuts and Jobs Act, or TCJA, into law. This reform of the tax code won’t affect your 2017 expatriate filings, but it will have an effect on your 2018 tax returns. This is meant as a general guide; you should always consult with a professional at Expatriate Tax Returns before filing.

Expatriate Tax Returns

Let’s start with some acronyms:

CBT – Citizenship-Based Taxation – a country, like the United States, taxes you based on the citizenship you hold.

RBT – Residence-Based Taxation – a practice employed by many other countries, taxing you based on where you live.

FEIE – Foreign Earned Income Exclusion – This is a dollar for dollar deduction on foreign-earned money that you’ve already paid foreign taxes on, currently limited at $104,100 annually. This is calculated every year but will no longer increase as quickly. Going forward, it will no longer be calculated on the Consumer Price Index (CPI), but rather on the slower moving Chained Consumer Price Index.

FATCA – Foreign Account Tax Compliance Act – This law was enacted in 2010 and increased the US government’s authority to come after expatriate taxes.

NIIT – Net Investment Income Tax – This is a 3.8% tax that is exempt from the FEIE and often results in double taxation.

The Tax Cuts and Jobs Act won’t necessarily have a large impact on American expatriates, but you can always contact us at Expatriate Tax Returns for detailed information and consultation. In conclusion, the Tax Cuts and Jobs Act won’t have significant impacts on American expats working overseas, but expatriate owners of small businesses will definitely feel the pinch.

Tax returns are always a complicated endeavor for expats, and that will be true for this year’s returns, next year’s and beyond. Every individual situation is different, and our certified expatriate tax consultants are here for you. The 2017 tax filing deadline is June 15th – let us help you get started today!