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Expatriate Tax Returns

United States

More Expats as the World Gets Smaller

 

Globalization is defined as “the process by which businesses or other organizations develop international influence or start operating on an international scale.” Globalization has made the borders between countries virtually disappear, causing the world to feel like a much smaller place. This undoubtedly has contributed to a rise in workers choosing to move abroad and become expatriates.

The vast increase in expatriates, however, hasn’t led to it being any easier to become an expat. In addition to the typical demands placed on you as you plan to relocate to a foreign country, there is a host of challenging decisions to make and financial responsibilities.

United States tax laws have long been a burden on American expats. For this reason, Expatriate Tax Returns was launched. Our team of CPAs recognized that focusing on expatriate tax returns was necessary as this had quickly become its own field of accounting. Expat taxes are confusing and preparing them is a frustration that expatriates do not want to have to burden amidst the many other challenges facing them as expatriates.

expatriate tax returns

With the growth of globalization has come the surge in technological advances. While this technological innovation has made so many things easier (like finding our company on the web!), it hasn’t caused expatriate tax return filing to be any easier or less of a hassle. Americans living abroad must file their United States tax returns in an exacting way and this can be terribly complicated (especially for a new American expat). To make this process easier and to save you precious time, the tax experts at Expatriate Tax Returns are here to handle that responsibility on your behalf.

Contact our team of expat CPAs today and then you can trust us to take care of everything. Simply fill out the form on our homepage or call us at 877-382-9123 and we’ll get the process started for you. We have your best interests in mind. The world may be getting smaller and becoming an expat may be more common, but expatriate tax returns will always be a reality.

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.

Our Expatriate Clients are First & Foremost

Have you noticed that in our society, taking responsibility isn’t what it used to be? Too many service related companies have made customer service a low priority. At Expatriate Tax Returns, we put our clients first and their tax needs are foremost for all of our tax professionals.

While some service related companies try to shift the blame, we take responsibility. When it comes to tax preparation, taking responsibility is the utmost principle. Our professionals take their responsibility to our clients, who are living abroad, very seriously and we understand the trust our clients place in us can never be taken lightly. As expats, your tax returns are your own responsibility, but you have placed the trust in us to prepare them efficiently and effectively.

Expatriate Tax Returns

Our team of tax experts feels that sense of responsibility for your tax returns. We are cognizant that you have a responsibility to the U.S. government to file your expatriate tax returns in a timely manner. When we all place value on being responsible, we are all successful. Your tax returns to the U.S. are filed and paid on time, and we maintain the trust that you have placed in us.

It’s not easy for American citizens to relocate to another nation, far from home, and we understand this. We take it as our responsibility to ensure you understand the Foreign Tax Credit, your rights as an American expatriate, and that you are reminded of the IRS deadlines for tax filing.

No matter where in this world you currently live and work, the expatriate tax laws must be respected. It can certainly be a hassle to have to file these taxes each year, but we thank you for placing that trust in us and know that we will honor and respect your trust by serving you to the best of our ability at all times. This is the cornerstone of what we stand for at Expatriate Tax Returns — your expatriate tax professionals. Call us today at (877) 382-9123.

Our Company’s Reputation is Everything

Reputation is everything and at ExpatriateTaxReturns.com, we value our strong reputation as the #1 trusted expatriate tax prep firm in the world. We are well aware that we are in the business of helping Americans around the globe do something that would rather not be bothered with. Expat taxes are tricky, cumbersome and a hassle. We feel privileged to take care of expatriate tax returns because it gives our clients piece of mind and also frees them up to do other things — whether that is dedicating more time to their professional pursuits, spending time with family, or enjoying everything their country has to offer.

 

Expat Tax Returns Company With Best Reputation

 

Whether you’re an American expatriate in Singapore, Sydney, Dubai or London, there are so many exciting cultural opportunities to explore. Our team at Expatriate Tax Returns doesn’t want you to miss any opportunities because you’re bogged down trying to get your financial affairs in order to prepare your complicated expat tax returns. We want to remove that inconvenience from your life. Our top-to-bottom tax preparation for expatriates means you can enjoy doing the things you love while our dedicated tax professionals prepare your expat tax returns for you. It’s a small price to pay for being able to get the most out of your stay in an interesting country away from home.

 

Call us today toll free at 877-382-9123 to talk to one of our talented tax pros and begin freeing up your time while we prepare your expatriate tax returns.

Challenges Are Good… Sometimes

Ask any business consultant or personal coach and they’ll tell you that it’s important to take risks and meet challenges head on. In fact, most people asked about their New Year’s resolutions (lose weight or quit smoking) or summer plans (hike a mountain or run a marathon) will include challenges that they hope to overcome.

As an expatriate, you have already accomplished a challenge that many others will never even attempt. You have relocated from your home and adapted to a new country. That’s very impressive and commendable.

Expatriate Tax Returns

At Expatriate Tax Returns, we also think it’s important to take on challenges and emerge successful. However, when it comes to preparing and filing expat taxes, we think that’s a challenge you just don’t need. The IRS has made tax returns for American expatriates very difficult and quite challenging. Rather than trying to take on this headache, why not let the tax professionals at Expatriate Tax Returns handle this hassle for you?

So, continue to make lofty resolutions and set the bar high for your summer plans. Let us take care of this one challenge you don’t need to worry about. The anxiety just isn’t worth it.

Call us today at (877) 382-9123 or fill out the easy form on our website at www.expatriatetaxreturns.com.

The Reverse of Ellis Island: U.S. Hikes Fee To Renounce Citizenship By 422%

Did you know that back in 2013 there was a 221% increase in the fee to renounce your American citizenship? That was only a year ago. Now, the U.S. State Department has just raised the fee for renunciation of U.S. citizenship to $2,350 from $450. The State Department says its reason for doing this has to do with demand on their services and all of the extra workload they have to process people who are emigrating. Over the course of the last two years, the U.S. has seen a spike in expatriations. 
fatca help
Part of the reason for this has to do with global tax reporting and FATCA. The presence or absence of tax motivation is no longer relevant, but that could change. AfterFacebook co-founder Eduardo Saverin departed for Singapore, Senators Chuck Schumer and Bob Casey introduced a bill to double the exit tax to 30% for anyone leaving the U.S. for tax reasons. That hasn’t happened, but taxes are still a big issue for many. In order to leave America, a citizen must generally prove 5 years of U.S. tax compliance. If you have a net worth greater than $2 million or average annual net income tax for the 5 previous years of $157,000 or more for 2014 (tax, not income), you pay an exit tax. Long-term residents giving up a Green Card can be required to pay the tax too.
In an article in Forbes.com, explains that a decision to expatriate from the United States “should never be taken lightly. Taxes or not, it can be a big step. And around the world, more people are talking about taking it.”