In another year that seems different than anything we are used to, some expatriates may find themselves owing taxes this time around. If expatriates received an advanced payment of the Child Tax Credit, you could owe taxes if your income changes. The original amount paid out for the Child Tax Credit was based on tax returns from previous years. However, if your take-home pay increased substantially, you may no longer be eligible for the amount you received. In this case, you will have to pay that money back. This example is just one of the many uniquenesses expatriates will experience when filing taxes this time around. If this is your first time, or you are just looking for that extra vote of confidence in your tax preparation, we are here to help. Give us a call or visit our website today for more information.
Did you know that important tax dates are not always tied to the calendar year? If you pay quarterly taxes, then your specific quarterly dates may differ. If you are struggling with keeping track of your dates or need assistance, reach out to the experienced professionals at Expatriate Tax Returns. We make tax filing easy! Contact us anytime, we are here to help.