If you are looking for guidance on applying for ITIN (Individual Taxpayer Identification Number) for your dependents (spouse/children/parents) to claim higher tax benefits when filing your tax return, US TAXO can advise you on filling the Form W-7 and the procedure for attaching the necessary identity documents.
The decision to move overseas is one that brings excitement and anticipation to all involved. However, along with that enthusiasm, comes countless hours of planning that need be done as well. We can help you plan your financial decisions associated with your move as well as help you navigate the potential pitfalls.
For citizens of a foreign country, who are living and working in the US, their tax situation are unique. There are complex requirements for things like investment income received from other countries, foreign bank account reporting or FBAR, and overseas assets, as well as establishing your tax position with the US as a resident.
Here are some questions that we can help you with answer:
Don’t let the complexities of the system keep you from getting your maximum refund. US TAXO can give you the assistance you need to file necessary forms and reports, as well as take advantage of deductions and exclusions that may apply. We have the tools and the experience to help you avoid dual taxation situations.
If you receive any notice from Internal Revenue Service on your tax return, we at US TAXO will represent your case for FREE before the IRS/State Revenue Department, regardless of who prepared your tax return, as long as the representation does not involve the preparation of an amended tax return. Further, we at US TAXO offer UNLIMITED years of Error Free Tax Representation Guarantee for every tax return processed through us.
We provide a variety of US tax services, including the preparation of all federal and state tax returns for individual. We have an expert team of tax advisers and Enrolled Agents who have extensive experience in the field of Inpat/Expat tax preparation.
Federal Tax Return Preparation for Americans living abroad, foreign nationals and those who have recently repatriated to the US.
Included in our Federal Package:
State Tax Returns: As IRS Enrolled Agents, with knowledge of your situation, we can advise you if you need to file a state return. Generally speaking:
Foreign Bank Account Reporting: The FBAR is only required if you have a financial interest in one or more overseas financial accounts and the total value of all of the financial accounts combined was $10,000 or more during any point during the tax year. The FBAR (FinCEN Form 114) must be filed electronically with the US Treasury Department (not the IRS) by June 30th (there are no extensions).