EXPAT TAXES – FREQUENTLY ASKED QUESTIONS

• As a U.S. Expat Living in the the UK, Do I Need to Complete a U.S. Tax Return?

If you are a U.S. citizen or hold a green card, you are required file a U.S. income tax return (Form 1040) on an annual basis to report your worldwide income (over certain threshold amounts). This is true even if you live outside and work outside the United States. This is also true whether or not you owe tax to the U.S. government.

Filing U.S. taxes may sound scary and even costly, but keep in mind that although you must report the income you earn, very often your U.S. federal tax liability should be minimal (if not zero) due to various exclusions and credits you can take – and this is where we can help!

• Am I required to file any forms besides my federal income tax return (Form 1040)?

The answer depends on your situation. The most typical form required outside the IRS Form 1040 is the FBAR, since most expats hold non-US bank or pension accounts by virtue of living abroad.

In addition to the Form 1040 and FBAR, expat taxpayers may be required to file certain other federal tax forms depending on their activities and income amounts. These include forms to report a non-US corporation, partnership, trust, gift, and other non-US assets and activities.

We prepare any and all forms that an expat taxpayer may need to file.

• How Can Expat Tax Professionals Help Me File U.S. Taxes?

Our U.S. tax return filing service is tailor made for the U.S. expat. Our process is fast, easy, and intuitive, and our tax return deliverable is rigorous, accurate and complete. Our in-house tax professionals are the core of our offer and of what makes us unique. We provide expert support from U.S. CPAs, EAs and tax attorneys at every step to tax compliance, providing the resources, knowledge and understanding of our clients’ needs to deliver the highest level of service and optimized outcomes.

Yes, we prepare tax returns. But we do so much more for U.S. expats around the globe. We strategically optimize your opportunities at every turn. It’s a story built on trust, on commitment and on serving our clients like we want to be served – with insight, care and a focus on supporting both short and longer-term goals. We offer fair and affordable fees and customize our solutions to meet the unique needs of each unique client we serve.

Contact us today to start the process!