"Stephen and his team are amazingly prompt and easy to work with--I've recommended them to all of the expat Americans I work with."
"I have been working with Stephen now for 7 years. He has always been a constant professional. He answers questions promptly, very thorough and quick with taxes. Highly Recommend."
1. An expat tax return is much more complex than a standard US resident filing.
Using tax software or U.S. based preparers may lead to you making costly errors on important expat tax benefits and filing requirements.
For example, the foreign earned income exclusion (bona fide vs. physical presence test), the foreign tax credit, foreign tax treaties, foreign housing exclusions and deductions, and reporting of overseas bank accounts and assets.
To add color, the Treasury Inspector General for Tax Administration (TIGTA) noted in a 2010 report of 231,277 tax returns, 8% of individuals overstated their foreign earned income exclusion by $410 million.
2. You'd have to keep up with the U.S tax code changing every year.
While many U.S. based preparers will complete only a few international tax returns during a filing year. a professional tax preparer is required to remain current with the ongoing changes in the tax code as they may apply for their clientele.
3. You may be required to file a state return, even if you have not lived in the U.S. for a many years.
Our tax experts are able to assist with asking the right questions to ensure that state filing requirements are carefully addressed so as to minimize state tax liabilities.
4. You'd rather spend more of your time living your expat lifestyle than filing taxes.
Our professional preparers are able to take the stress and headaches out of tax filing and free up your time to pursue less taxing endeavors!
Don't wait before it's too late to discuss your tax situation. Get in touch with our tax professionals now: