Typical expat tax preparation fees
Expat Federal Returns Average between $225-$350 depending on complexity. State Return Flat Fee $75. FBAR $50
You are not going to beat this price for the value you are receiving.
foreign earned income exclusion
Whether you are an employee or self-employed while living abroad you may be eligible to exclude your income from U.S. tax if you meet specific requirements.
how individual states tax foreign income
Each state has its own particular set of rules for determining if you qualify to exclude your foreign earned income. Factors such as time rules, domicile, residence, and your intentions to remain in a particular country will determine how you are taxed.
report of foreign bank and financial accounts (fbar)
Anyone with a financial interest in or signature authority over a foreign financial account exceeding certain thresholds is required to report the account annually by filing a Report of Foreign Bank and Financial Accounts (FBAR).
foreign spouse
If you marry a foreign spouse you are required to report them on your tax return, which requires an application for an Individual Taxpayer Identification number (ITIN).
foreign housing exclusion
Certain locations in the world have significantly higher housing costs than the U.S. and the housing exclusion/deduction is a method to help Americans working overseas to offset these higher costs.
foreign tax credit
An alternative to the foreign earned income exclusion is the ability to use income taxes you pay to a foreign country as a credit to help offset against U.S. tax liability.
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RT @taxgirl: Ohio Becomes The First State To Allow Taxpayers To Pay Tax Bills Using Cryptocurrency via @forbes… https://t.co/p84ayAAwVN
➤ locations served
Available for all taxpayers in every state and all Expatriates living abroad.
☎ CONTACT NICHOLAS HARTNEY, EA
nick@genesistaxconsultants.com
for appointment.
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