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Expatriate Tax Returns

Tax Help

How We Can Help

We are your one-stop shop for all things expatriate taxes, but that doesn’t mean you should wait until it is time to file to reach out. Our clients live all around the world and contact us during every stage of their journey. We are available to discuss your tax preparation, get you all set to file in a timely fashion, and assist with the actual filing process giving you peace of mind that your taxes are done right. We are also experts in audits. We can work with you through the audit process and communicate with the IRS to handle your audit as quickly as possible. We are up to date on the latest tax news and laws, ensuring you have the information necessary to get your best refund. We don’t need much to get started, and all information is available on our website. Take a look at our offerings, and let us know how we can work for you.

Making Sense of the Options Available For U.S. Taxpayers with Undisclosed Foreign Financial Assets

Last week the Internal Revenue Service announced some major changes in its offshore voluntary compliance programs, providing new options to help both U.S. taxpayers residing overseas and those residing in the United States. The changes should provide thousands of people with new ways to come into compliance with their U.S. tax obligations.

The changes include an expansion of the streamlined filing compliance procedures announced in 2012 and important modifications to the 2012 Offshore Voluntary Disclosure Program (OVDP). The expanded streamlined procedures are intended for U.S. taxpayers whose failure to disclose their offshore assets was non-willful.

 

IRS Help for Expatriates
The implementation of FATCA and the ongoing efforts of the IRS and the Department of Justice to ensure compliance by those with U.S. tax obligations have raised awareness of U.S. tax and information reporting obligations with respect to non-U.S. investments. Because the circumstances of taxpayers with non-U.S. investments vary widely, the IRS offers the following options for addressing previous failures to comply with U.S. tax and information return obligations with respect to those investments:
  1. Offshore Voluntary Disclosure Program;
  2. Streamlined Filing Compliance Procedures;
  3. Delinquent FBAR submission procedures; and
  4. Delinquent international information return submission procedures.
Since the IRS encourages taxpayers to consult with professional tax advisers regarding these changes, Expatriate Tax Returns is encouraging current clients as well as potential expatriate clients to contact us to determine which option is the most appropriate for you. Visit our website today at www.expatriatetaxreturns.com or call toll-free (877)-382-9123.