Tax Relief Blog
Preparation – Planning – Representation – Special situation advisory
Americans living abroad, expatriates, are not immune from having to pay US Federal Income Tax and even some states do as well. Unfortunately, there are some people who mistakenly think that as soon as they leave the United States that they are no longer responsible for paying taxes. They soon discover that is not the case when they receive a letter from the IRS stating that they are delinquent on filing their taxes. These are times that having US Expat tax help, by CPA, EA, or tax attorney, would really come in handy.
Call us at 1-562-204-6700 or toll free 1-877-78-TAXES.
US expatriate citizens living abroad can get professional tax help
There are many Americans who for a number of reasons maintain a residence outside of the borders of the United States. As an American living abroad also referred to as an Expatriate, you are still expected to pay US Income Tax on money that you earn during the year. This can present a tricky situation, but fortunately, the IRS has a process to follow including treaties with foreign countries.
To be clear the IRS still expects you to report and pay taxes on your income earned even if it was earned outside of the US. There are established guidelines, policies and processes to help you figure out how much taxes you owe and how to go about reporting and paying the necessary taxes to the IRS to ensure that you are in compliance.
Where Expatriates can go for tax help?
There are many different firms that offer US Expat Tax Help, by CPA, EA, or tax attorney, as needed. These types of tax firms offer a wide range of products and services designed to help expats with all kinds of things dealing with their taxes. In this article we are going to talk about three specific services; Tax planning, Tax preparation, and Tax representation.
Tax planning – One of the best ways to protect yourself from having any issues with the IRS is come up with a good tax plan. In order to do this, you must have an understanding of the tax laws and regulations as they apply to expatriates. Once you do that you will be able to put together a good, comprehensive tax plan. Our tax firm is one of the best resources for US Expat tax help and it is truly the best thing for you in the long run. You should be aware of foreign earned income exclusions, foreign tax credits, the treaty with the foreign country you live in, your tax home, and where you’re domiciled.
Tax preparation – Along with tax planning, you will likely need the services of our tax consulting firm to help you when it comes to your professional tax preparation needs. Our firm has all of the necessary knowledge, experience when it comes to following all of the ever changing US Tax Laws. As you can probably imagine not all of the tax laws are written equally when it comes to preparing tax documents and sending them into the IRS. You should be aware of foreign earned income exclusions, foreign tax credits, the treaty with the foreign country you live in, your tax home, and where you’re domiciled.
Tax representation – In the event that you receive a correspondence from the IRS regarding a tax issue, our tax firm is uniquely qualified to offer US Expat Tax Help, by CPA, EA, or tax attorney for US citizens living abroad. The IRS is not anything to mess around with, you must take all contact with them extremely serious. Fortunately, the IRS does allow you to have tax representative as a power of attorney in case of an audit, , unfiled returns, back tax collection or other controversy matters. This type of representation is extremely helpful since our firm has a lot of experience dealing with the IRS.
Call us at 1-562-204-6700 or toll free 1-877-78-TAXES.
