We offer different, customized solutions that are based on your specific needs. We focus on delivering high-quality service that solves simple to complex U.S. expat taxes cases and guide you through the complicated tax process. Our team of professional accountants will work to relieve your tax load by minimizing your tax liability and maximizing the available deductions.
Federal Tax Return
Our main service is the preparation and filing of individual’s U.S. federal income tax returns. This is the annual return and it’s required for all U.S. citizens, green card holders, regardless of your current residence.
State Tax Return
After assessing your situation, our CPAs and IRS Enrolled Agents can tell if you need to file a state tax return, depending on which state you lived in before you move abroad, and whether you are still considered a resident there for tax purposes. We can help you to determine your residency status and file your state income tax return.
Late Tax Return
Don’t worry if you haven’t filed returns for previous years because we can help you to go through late tax returns. Throughout the years, we have helped expats to become compliant with the government and will introduce you to the most appropriate ways to navigate this process.
The deadlines for filing tax returns are a little different for U.S. persons abroad. Most Americans abroad qualify for an automatic two-month filing extension.
Report of Foreign Bank and Financial Accounts (FBAR)
This is to be filed if a bank account, mutual fund, trust, brokerage account or other types of foreign financial account, and the total value of all of the financial accounts combined, was $10,000 at any time during the calendar year reported.
Foreign Account Tax Compliance Reporting (FATCA)
As an American abroad, you will need to complete Form 8938 of FATCA if the defined foreign assets exceed the specified value. Thresholds are different for married and single taxpayers and are generally higher for individuals who live outside the United States.
Streamlined Compliance Package
A U.S. citizen abroad can keep nothing hidden by using Streamlined Procedures. There are potentially no penalties if you file late tax returns with all of the required information for the last three years, and any delinquent FBARs for the previous six years.
Tax Consulting and Advice
Throughout the years, we have gathered the best tax experts at 1040 Abroad and we are willing to help you with the correct tax planning, assessments, and reviews. Our CPAs and EA have extensive experience of guiding each of our customers through complicated tax procedures and helping them to meet their requirements so that they are tax compliant.
Canadian Tax Return
If you are a U.S. person who is living and working in Canada, we can help you to prepare your Canadian Tax return. We have wide experience of dealing with clients in Canada and, therefore, can make all of the calculations and share our expertise in working with expats who currently reside in Canada.
Immigration to and from the U.S.
If you are looking for ways to emigrate from the U.S., we can provide you with a wide range of consultations, including ways to safely go through this process, choose the best destination to start your expat life and stay tax compliant while enjoying your new experience abroad.
Renouncing U.S. Citizenship
We will help you to take that last step to renounce your U.S. citizenship and move forward without being burdened with tax responsibilities. It may be a complicated and complex thing to do, but we have dealt with such cases before and will guide you through the entire process.