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Expatriate Tax Returns

Taxes

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.

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.

The World’s Only Getting More Hectic

If you have been feeling like you’re head’s been spinning out of control because of the daily news cycle, you’re not alone. Each day there are new shocking revelations in the world news, and as the world appears to be getting smaller thanks to globalization, these news items affect us no matter where we are living and working. An American expat living in London, Sydney or Tel Aviv is certainly affected by news that President Trump has signed a bill changing U.S. tax laws that might affect expatriates.

You might choose to not follow the 24-hour news cycle so closely in order to preserve your sanity. However, our company, Expatriate Tax Returns, sees it as part of our mission to follow how world politics, American tax law, and other issues affect our clients financially. Our only clients are American expats and we make it our top priority to ensure that our team of accountants stays up-to-date on all changes in the tax code.

expatriate tax returns

You don’t have to follow the news because we do. That’s our job. You can focus on work, family, hobbies and everything else that’s important to you. Let us worry about how the world is changing and how those changes will affect your expatriate taxes. At Expatriate Tax Returns, we know that American expats have enough to worry about without trying to figure out expat tax preparation.

We’re here for you… our clients. Call us today at 877-382-9123.

Why Expatriate Tax Returns Exists

 

Watch just one episode of Shark Tank, featuring entrepreneur Sharks like Mark Cuban, Barbara Corcoran, and Kevin O’Leary, and you’ll immediately understand that every company has a reason for existing. In fact, one of the first questions the Sharks ask contestants on the hit reality TV show is for them to ask their mission and vision. This is a question that our company, Expatriate Tax Returns, takes very seriously.

We are a purpose-driven company. That means that our reason for existing is based on what we see as our purpose. Our mission as an online tax consultancy is to specifically assist the segment of the population known as American expatriates. We do this by preparing the U.S. tax returns of expats in a highly skilled and professional way. At Expatriate Tax Returns, we believe that the specific tax returns that 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.

 

Diane Siriani, Founder of Expatriate Tax Returns
Diane Siriani, Founder of Expatriate Tax Returns

 

How did we come to understand our mission? We believe that there was a missing piece in tax prep in our country. Private CPA firms and large accounting companies were not focusing any attention on the expat population. We saw that missing piece as an opportunity. We believe we’re solving a problem and, in doing so, we found our niche. Expatriate Tax Returns has created a solution to the problem of challenging expatriate taxes.

Our mission is the reason we exist. 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 us today at 877-382-9123. We want to serve you.

 

The Big Move Means Big Decisions

Now is the time of year that many big corporations are discussing HR changes for the fall. If you’re involved in these discussions, you could soon be contemplating a big move overseas.

If you plan to move abroad this year, it will be an exciting and challenging time. There are many factors to consider like what your spouse will do overseas and where your kids will go to school. There are also a plethora of opportunities and experiences to look forward to as an American expatriate. 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. Selecting a trustworthy and dependable CPA firm with experience working with expats is also essential.

Expatriate Tax Returns has many years of tax planning and preparation experience, specifically for expats. We put that knowledge to work for you — our clients. It’s critical to inform the Internal Revenue Service (IRS) that you are moving abroad and to call our accounting team to make sure you’re prepared before you make the big move.

A few things to remember before you become an expat: update your contact information with the IRS so they can properly send your refund or any future 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 us for trusted, professional assistance. There are some many wonderful advantages to being an expatriate, but it’s also a time full of important decisions to make. Here’s an easy one: Call ExpatriateTaxReturns.com today at 877-382-9123 or fill out the form on our Website. We’ll be with you every step of the way.

Too Early To Tell How Tax Reform will affect Expats

As 2017 draws to a close, tax reform has become a priority for both the current administration and for Congress. Many of our clients are wondering, “How Will Tax Reform Affect Expatriates?”

We’ve heard a lot in the media about tax brackets for individuals and domestic corporations, but the truth is that we do not have much information yet about how the proposed tax reforms will impact the already complicated world of Expatriate Tax Returns.

Tax Reform 2017 for Expats

With tax reform, there are a number of variables in play for American expatriates. In September, Forbes speculated that corporations might only have to pay U.S. taxes on profits in the United States, but individuals might still be on the hook for their income worldwide.  Earlier this year, the conservative group Americans for Tax Reform called for the repeal of the FATCA, or Foreign Account Tax Compliance Act, a 2010 statute.

The bottom line, however, is that tax reform will likely face many changes as it works its way through Congress. These tax reforms no doubt will affect Americans from Denmark to Dubai.  It’s simply too early to know if and how these changes, if signed into law, will affect you. What we can tell you is that Expatriate Tax Returns will continue to follow all tax changes to the letter, as we have since our inception. Filing a tax return as an American expatriate is not a simple process, and it’s best for you to consult with professionals like our team of skilled CPAs at Expatriate Tax Returns.  Please check back here on our Expat Tax blog for updates as the laws change and feel free to call our team with any questions at 877-382-9123.