U.S. Persons Living Abroad (Expat) Tax Returns
While living abroad can have its advantages, tax-reporting requirements aren’t among them. If you are a U.S. citizen or resident living abroad you are required to report and pay tax to the U.S. on your worldwide income even though you don’t live in the U.S. You also have to disclose certain foreign financial accounts and assets. These include, but are not limited to, bank accounts, brokerage accounts, insurance contracts, annuities and foreign entities. One thing you don’t want to do is assume is that the IRS won’t find out about your foreign assets. With the new Foreign Account Tax Compliance Act (FATCA) in effect, foreign financial institutions (FFIs) are reporting U.S. taxpayers’ assets and that likely includes yours.
Esquire Group specializes in international taxation and fully understands the rules related to taxation of U.S. persons living abroad. Our experts will ensure that you are correctly reporting your foreign income and assets, including claiming the proper exclusions and deductions; taking advantage of foreign tax credits; reviewing applicable tax and totalization treaties; and, making the correct currency conversions. The IRS imposes stiff penalties for non-compliance so don’t risk having your taxes prepared by someone unfamiliar with expat returns – this is a very specialized area of taxation.
It is our mission is to make your life easier. Esquire Group works with clients living throughout the world. With offices in multiple time zones, we are available to provide the support you need at a time convenient to you. And, it is easy for us to exchange information and deliver your tax returns or other documents to you quickly and safely through our secure client portal.
Once you become a client, you will receive annual reminders of tax filing deadlines and a convenient tax organizer to help you assemble your tax documents.
Esquire Group will ensure proper reporting of your income and assets by applying our expertise in international taxation. We will ensure you take advantage of all available credits and tax treaties, and maintain maximum security and privacy of your data.