US and local tax return combined
We hear it all the time! An expat whose American income is reported by his American CPA, who has done his taxes for years, and whose overseas income is reported by a local tax advisor.
Don’t even think about it! Many countries, including the United States, require you to declare your global earnings. Furthermore, rather than sending all of your information and documents to two tax advisors, have one company handle it so that you only receive one invoice.
Citizen based taxation
The US is the only developed country that requires tax returns to be filed based on citizenship rather than residence. This can make filing a tax return in America from abroad difficult; you must also know exactly which forms you need to avoid penalties.
Unless your earnings are below the threshold, you must file your tax return and FBAR report every year as a US citizen living abroad.
Avoid paying double taxes
File your US tax return and, if necessary, your local tax return with Expats Overseas. You only need to enter your tax information once in our straightforward online tax organizer, and we will prepare (both) your US (and local) tax declarations for you.
It is not necessary to work with multiple tax advisors who are not on the same page. Change to the best one-stop shop for Expats to simplify your tax life.
Expats Overseas has a large network of CPAs with the necessary qualifications, experience, and cost-effective services. Contact us for a free and no-obligation discussion of your options.
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