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Expatriate Tax Returns

Diane Siriani

Number of Expatriates is Growing at Steady Rate

An article on the CNBC website, which appeared this past summer, shows that a steady stream of American citizens have chosen to live and work outside of the United States as expatriates. Some of these Americans have renounced their U.S. citizenship because of the implementation of stricter tax rules. However, most expats do not renounce their citizenship. The tax issues that American expats face are significant and can include facing higher tax bills, difficulty in obtaining and keeping financial accounts and complex retirement savings rules.

At Expatriate Tax Returns, we are happy to see such a notable rise in the rate of expatriates. We think it’s a wonderful experience for professionals to spend a few years abroad, but we also caution our clients that there are several important tax considerations to keep in mind as an American expat. Remember that Americans who reside in another country must file a Report of Foreign Bank and Financial Accounts, or FBAR. That form should disclose any accounts Americans have that hold an aggregate of more than $10,000. There are stiff penalties if you fail to file an FBAR. Additionally, the Foreign Account Tax Compliance Act (FATCA) requires foreign institutions to disclose the holdings U.S. citizens have. Americans also need to disclose any foreign mutual funds and insurance or pension products that they own. Those holdings may be viewed as passive foreign investment companies, or PFICs, by the IRS. There are also certain rules that can offset the tax bills that Americans living abroad face.

Many of these tax rules and policies could change in the coming years. It’s a lot to consider for expatriates and staying abreast of IRS changes is even more difficult to do. That’s where we come in. The experienced tax professionals at Expatriate Tax Returns have made it our mission to help expatriates like you and to follow all of the changes in the tax code for expats. Leave it to us to handle your tax returns and ensure that your experience as an expat is a stress-free one. All of us at Expatriate Tax Returns wish you and your family a happy new year. We hope 2019 is a successful and great year for you!

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.

The Importance of Tax Specialization

 

There are a lot of tax firms that are good at a lot of different areas when it comes to tax preparation. And then there is Expatriate Tax Returns. We’re very good at one area… expat taxes. That is what we focus on. Nothing else.

With so many tax preparers out there, you need to be sure of the type of firm you are hiring. Many tax firms are not accustomed to dealing with the complexities of expatriate tax returns for Americans living abroad and that may mean less money refunded on your tax return, or more tax you will have to pay that you actually should not.

 

 

We specialize in expat taxes and we have the years of experience that give us a considerable edge in this category of tax preparation. You can see from the client testimonials on our website that our clients recognize we are in our own category when it comes to preparing tax returns for American expatriates. We truly understand all of the deductions and credits that you, our expat client, may be eligible for. We will not allow you to pay one cent more than you owe.

At Expatriate Tax Returns, we are efficient, quick and honest. We will work with you either via video chat, email or the phone. This high level of communication allows you the flexibility and convenience of filing your taxes securely from anywhere in the world. Contact us today to see why we’re the #1 expat tax firm.

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!

The Importance of Taking Risks to Experience Life

 

Taking risks is never the easy route to go. This is especially true when the risk is taking a journey that will change your life and your family’s lives. Becoming an expatriate and moving overseas for a year or two is certainly a risky decision. However, it is a decision that will allow you to reap the benefits of being an expat – living in a new part of the world and contributing to your company on a global scale.

Studies have shown that risk-taking is essential to business people’s success. In fact, American expats have written about how taking the risk and spending time overseas with their family has been one of the most beneficial moments of their professional journey.

 

Expat Taxes Best Price

 

Human beings naturally tend to view risk-taking negatively, often regarding it as dangerous and even unwise. Some risks don’t pay off, but those are usually the uncalculated ones. When you choose to become an expatriate, you’ll do it in a very calculated and intelligent way. This is called a calculated risk and it will pay off for you both personally and professionally. Taking a risk and becoming an expat will also help you stand out and present yourself as a leader and smart risk taker among your colleagues.

When you choose to become an American expatriate and travel overseas for your job, one of the most important things to remember during this calculated risk journey is to select the right accounting firm to handle your expatriate tax returns. ExpatriateTaxReturns.com is the industry leader for preparing the often-complicated tax returns of American expats. Fill out the simple form on our website or call us today at 877-382-9123 to get started.

Summer is a Time of Transitions

In the 1998 business bestseller, “Who Moved My Cheese? An Amazing Way to Deal with Change in Your Work and in Your Life,” by Spencer Johnson, we learned important advice on how to handle change in our business and personal lives through a motivational business fable based on a mouse who freaks out when his cheese is moved from its usual location one day.

This fable reminds us all that transitions are difficult. When we have been driving the same way to work at the same time each morning and then arrive at the same office or cubicle, it can be a harrowing experience when that all changes. Such is the case for American expats.

Summer is a time of transitions for many in the business community. Those becoming expatriates this fall know that the summer is the most common time to make the move abroad. The kids will be leaving their school and friends, which can make for a traumatic experience. For adults, it’s not much easier as there are many important things to plan and think about. Heading overseas can be an exciting experience, but it certainly isn’t hassle-free. Whether you are married, have a family, or are single, there are a lot of important elements that go into preparing for a move abroad.

expatriates moving

After accepting a new job overseas or a job transfer to a country outside the United States, it’s important to create a long “To Do List” with critical items like finding a place to live, forwarding mail, and finding a physician in your new country (here’s a full planning checklist). One often overlooked item on the “To Do List” is informing the Internal Revenue Service (IRS) that you are moving abroad.

It’s important to update your address information with the IRS so they can properly send your refund or any correspondence. You can update your address with the IRS by completing Form 8822, Change of Address at any time during the year. Failure to notify the IRS of an address change can be costly. For example, it can keep you from contesting a lien for unpaid taxes. At Expatriate Tax Returns, we understand that planning for the big move abroad is challenging and there are already so many things to think about. We can help you alleviate the stress by walking you through this journey hand-in-hand. We’ve helped thousands of U.S. expatriates successfully transition to their new country and we’ll help you too.

No matter where you are in the process of your preparation for becoming an expat, call on us for trusted, professional assistance. We’ll be with you every step of the way. Call us today at 877-382-9123 or fill out the form on our website: www.expatriatetaxreturns.com.