Expats seeking help making use of their US taxes would do well to choose a tax preparation service that knows their way across the foreign earned income exclusion, bona fide residence test and tax treaties.

The US tax code sections that apply to Americans who live overseas are uniquely complex, saturated in special provisions that can save or cost a taxpayer 1000s of dollars, depending to a great extent on the expertise of the tax preparation service an expat chooses. As an example, a qualified US taxpayer abroad can take advantage of the foreign earned income inclusion, allowing as much as $92,900 in 2011 in tax-free earnings, nevertheless the criteria for the https://southwesttaxassociates.com/ exclusion are rigorous, often requiring a tax preparation service with considerable knowledge and experience to steer the expat taxpayer through the detailed provisions.

An apparently minor miscalculation of time spend abroad vs. time spent in the US in confirmed tax year, for example, could cost a taxpayer thousands in unnecessary tax liability. Addressing such detailed requirements is in which a tax preparation service with knowledge and experience in expat tax law will make an important difference.

US citizens living abroad have a responsibility to file their income tax returns in an appropriate manner and are susceptible to civil or criminal penalties for failure to file or to pay any tariffs due. It could be tempting for an American living overseas to put off dealing making use of their taxes, because unlike the States in which a tax preparation service appears to pop up on every corner around tax time, qualified tax help can be difficult to find outside the US.

Thanks to the Internet, expat taxpayers not only can find a qualified Tax Preparation Service to simply help them making use of their taxes, but can also educate themselves about the countless ins and outs of expat tax law. Tax Planners CPA, which specializes in tax preparation service for Americans living overseas, maintains a site that serves as an excellent introduction to lots of the issues affecting taxpayers living abroad.