New Year, New Taxes for Expats

It’s March and that means we’re still at the beginning of the new year, but we’re already seeing some changes to the tax laws for U.S. expats. This is nothing new; it happens each year.

Expatriate tax laws change often and it can be a full-time job just to keep up with them. These expat taxes are confusing and require more than just a layman’s understanding of them. For whatever reason, each year the Internal Revenue Service (IRS) updates and amends its tax filing regulations and procedures for Americans living and working abroad.

While a minority of American expats might be able to navigate these updated tax procedures on their own, for most expatriates it is necessary to hire a tax professional with specific expertise in U.S. expatriate tax law. ExpatriateTaxReturns.com has been helping American citizens living overseas for many years and makes it a top priority to discover and master the new tax laws that are changed each year.

For example, it’s essential to know the current tax year’s policy on U.S. expat foreign bank, financial and asset reporting. Over the years there have been huge increases in the number of audits of U.S. expatriates due to the U.S. Government Accountability Office’s (GAO) discoveries of inaccurate claims by expats. It’s important to report all foreign assets and income in your tax filing.

It’s 2015 and that means the rules once again have changed for expat taxes. That can be confusing and a hassle for you to have to stay current. So why don’t you let us do what we train to do? We stay current so you don’t get audited. Call us today to get started and rest assured that your expatriate tax returns will be in good hands. Call our support hotline toll-free at 561-715-0630.