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Why do clients change tax professionals?

Changing tax professionals is a big decision; one that certainly shouldn’t be taken lightly, especially if you are a U.S. resident or taxpayer that lives and works overseas. Nevertheless, many taxpayers are relatively nonchalant about changing to a new professional when they are genuinely dissatisfied. Many of us have had conversations with friends about sub-par service from a professional (whether tax or in other personal service areas) and when asked the question “why don’t you just change professionals”, we’ve all heard the response “well, I’ve been with Fred for years”

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Some Reasons for filing your past returns

U.S. taxpayers are taxed on their worldwide income. Nevertheless, if you are a U.S. taxpayer who earned income while abroad during the tax year, special taxation rules apply in order for you to avoid double taxation (by both the U.S. and the foreign government). In many cases you may owe the IRS nothing for this income. Nevertheless, your income tax filing requirements are the same as for U.S. taxpayers who earned no income abroad.

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A mistake due to ignorance should be considered a lesser offense (Tax Wise)

Why isn’t the IRS isn’t more understanding of the complex regulations they have set forth for Americans living and/or investing abroad and why isn’t there better information provided to understand compliance and reporting requirements? Expats are in a sense forced to fall out of compliance, as the time requirement to educate themselves and keep up with the changing regulations is too much of a burden, and often too complex to understand even if you have the time needed to attempt self study

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