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Expatriate Tax Returns

Expat Taxes

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.

Good News for American Citizens Living Abroad

Expatriate Tax Returns Good News Tax Filing

Adults across the U.S. will recognize April 15th as Tax Day. This is when individual income tax returns are due. There is some flexibility for expatriates. The Internal Revenue Service website states that if you are “a U.S. citizen or resident alien residing overseas or are in the military on duty outside the U.S.” that you are given an automatic two-month extension for filing.

You are not required to submit a request to take advantage of this extension. Your tax filing will be due by June 15th if you qualify. As long as you pay all taxes (most expatriates don’t owe any taxes), no late penalties will be applied. A CPA can provide valuable financial advice and help ensure that you always pay the amount required by law – no more and no less. Make tax filing easy, contact Expatriate Tax Returns today.

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!

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!