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Expatriate Tax Returns

COVID-19

U.S. Expats Renounce Citizenship Faster Than Ever

Expatriate Tax Returns U.S. Citizenship

In the past, the U.S. has lost on average 1000 citizens per year, but 2020 is on track to be the year with the highest number of Americans who relinquish their citizenship. Almost 6000 Americans have already renounced their citizenship this year. The leading cause is the pandemic, as people question their connection with the U.S., many have chosen to cut ties. Some U.S. embassies have stopped in-person appointments to cancel citizenship. This is just another way that COVID-19 has impacted the entire world.

If you are a U.S. citizen, Expatriate Tax Returns is here to make your tax filing easy! We can be reached by phone or by using the flexibility offered by the internet. We continue to service U.S. citizens located anywhere in the world…safely, quickly, efficiently and professionally. Get in touch with our experts today!

COVID-19 Stimulus Money

Expatriate Tax Returns COVID19 Stimulus Money

If your income was less than $75,000 in 2019, you may qualify for the $1,200 stimulus form the IRS and another $500 per dependent. You must have an SSN and be a U.S. tax payer. All current and previous tax filings need to be up-to-date to receive the stimulus check. If you need help catching up or filing for this year, our expat tax experts are standing by to help you. Learn more and get started!

Stimulus Package

Expatriate Tax Returns Stimulus Payment

U.S. taxpayers who have a social security number AND filed a tax return in 2018 or 2019 may qualify for refundable tax credits. If you qualify, the maximum credit will be $1200 per taxpayer and $500 for each dependent child reported on your tax return that have a valid social security number. Don’t put off your filing requirement, there will be no payments made after December 31, 2020. If you are behind in filing, we can help. GET STARTED!

U.S. Tax Filing Extension Ends July 15th

Expatriate Tax Returns Time Is Running Out to File

The US government extended the filing and payment of all individual tax returns to July 15th, 2020. Estimated taxes that were due in April and will be due in June are also extended to the July 15th deadline. Penalties and interest will be waived on all individual tax payments that were due from February 15 thru July 15.­ If you haven’t already, now is the time to file your U.S. taxes. We specialize in U.S. expats tax returns. Contact us to make sure your taxes are filed correctly.

Stimulus Payment Complications for U.S. Expats

Expatriate Tax Returns Stimulus Package Complications

For Expats getting the Covid-19 stimulus payment from the US government can be a complicated process:

 

  1. You must have a US social security number. Using an ITIN disqualifies you from the program. Including taxpayers, spouses and dependents.

 

  1. Direct deposits are only available to US bank accounts. Some clients who do not have a US bank account are using accounts of family and friends for this purpose.  If you filed your 2018 tax return without your US bank account number, file 2019 as soon as possible requesting that your refund or payment due is applied to your US bank account.

 

  1. If your last return shows no tax due or refund, you must you the IRS portal “Where’s My Payment” to notify the IRS of your US bank account for direct deposit purposes. Foreign addresses and bank accounts cannot be used.

 

  1. If you only have a foreign address and/or bank account, the IRS will mail the check to your last known address per your 2018 or 2019 tax return. Hopefully your local post office is processing your mail.  If you do not receive the payment, you may be able to have the credit processed on your 2020 tax return. The jury is still out on that process.

If you are an expat in need of tax filing, contact Expatriate Tax Returns for help.