Before hiring anyone make sure you speak to us somewhere in the process. You can speak directly to Former IRS Agents and Managers who know the complete IRS process and who have worked directly for the IRS for over 60 years.
We are tax experts in Expatriate Tax Returns.
We taught Tax Law at the IRS and know all the tax policies and techniques to get you the best possible results. Expatriate are certainly a tax specialty.
We are accessible and affordable. We will make sure you pay the lowest amount allowed by LAW.
We can file all your income tax returns, back taxes and if you owe money to the IRS we can work out a payment plan and file for abatement of penalties should you qualify.
We have prepared thousands of tax returns since 1982 and we are “A” rated with the BBB.
On staff, Tax Attorneys, CPA’s and Former Agents as previously mentioned. Call us for a no cost consult. 1-866-700-1040. Skype available.
Income Tax Preparation.
Exclusion amounts for tax purposes.
1. The maximum foreign earned income exclusion.
Adjusted annually for inflation. For 2011, the maximum exclusion has increased to $92,900.
2.Housing expenses – Base Amounts
The computation of the base housing amount (line 32 of Form 2555) is tied to the maximum foreign earned income exclusion.
The amount is 16 percent of the exclusion amount (computed on a daily basis), multiplied by the number of days in your qualifying period that fall within your 2011 tax year. For 2011, this amount is $40.72 per day ($14,864 per year).
3. Housing expenses – maximum amounts
The amount of qualified housing expenses eligible for the housing exclusion and housing deduction has changed for some locations.
4. Filing requirements.
The amount of income you can receive before you must file an income tax return has increased. Check with us to make sure.
5. Self-employment tax reduced.
For 2011, the rate of self-employment tax has been reduced from 15.3% to 13.3%.
The maximum amount of net earnings from self-employment that is subject to the social security part of the self-employment tax remains at $106,800.
All net earnings are subject to the Medicare part of the tax.
6. IRA deduction expanded.
You may be able to take an IRA deduction if you were covered by a retirement plan and your 2011 modified adjusted gross income (AGI) is less than $66,000 ($110,000 if married filing jointly or a qualifying widow(er)).
If your spouse was covered by a retirement plan, but you were not, you may be able to take an IRA deduction if your 2011 modified AGI is less than $179,000.
Form 8938. If you had foreign financial assets in 2011, you may have to file new Form 8938 with your return.
7. Change of address. If you change your home mailing address, notify the Internal Revenue Service using Form 8822, Change of Address. If you are changing your business address, use Form 8822-B, Change of Address—Business.
If you are a Expatriate, Expat, and need to file tax returns or many years back taxes call us for a no cost consult. 1-866-700-1040.
Expatriate Tax Returns, Filing Back Taxes – Former IRS, Attorneys, IRS Expat Experts – Free Tax Consultation – Income Tax Prep
