Any US citizen or a green card holder must file a US Tax return. Now you must be wondering that wait for a second, my income from foreign sources is already getting taxed in the origin country, they won’t it be taxed twice through the mechanism of Expat Taxes. And if I need to file for Expat taxes and am not sure about the processes and any available exemptions and deductions, then what should be my way ahead. We understand you have a lot of questions and doubts in your minds, hold tight, in this blog we will briefly discuss what are the some of the basic clarifications that you can ask your tax specialist and what are the things that must be kept in mind before hiring the services of a tax firm, and on this note, USA Expat Taxes, an American expat tax services, is one of the most renowned a trusted tax firm that can make the process super smooth for you.
For the first doubt, there is a range of standard deceptions and exemptions provided by tax authorities and Government in the United States like Foreign earned income exclusion, which you might have heard about, and also has in place a plethora of double taxation avoidance agreements with various countries. All this is done with one basic objective, to reduce the tax burden on you and to make sure that your same income is not getting taxed twice.
Expat taxes are complex, we understand that and because of that you might be looking to hire the services of a professional tax agent who can assist you in this endeavour and lighten your burden. But, there are some basic things that you must look out for before that. The first step is to analyse your needs, whether you need a full-time tax specialist or you just need some consultancy services that can give some last moment touch-ups and revisions, if needed. The first question that you can consider is the experience of a tax specialist because it is not very uncommon that tax specialists, if not aware of the intricacies of expat taxes, miss on some of the deductions and that will ultimately only lead to increased tax burden upon you. Another question that you must be asking is like okay, I am hiring the services of your firm to help me with my expat taxes, but who will be working with me or whom I will be interacting with for the purpose, this is because many firms simply use contractors in the peak season to do the work and these contractors at the time are working with multiple agencies and in times of stress, when tax authorities need some clarifications regarding the filing, there are unavailable, and that might cause some serious nightmares, right? Therefore, getting clarifications on this question is essential for a smooth taxation experience. One question that most of the customers miss is the aspect of privacy and security, you will be sharing some of the most important and confidential information and documents will the tax firm, so you must have trust and faith that your personal and financial data will not be misused.
We at USA Expat taxes believe in transparency and there are no hidden costs associated with our services if you feel you have any further questions and clarifications, feel free to get them clarified from us at any moment.
