Expatriate, FBAR – Professional Tax Representation – Attorneys, CPAs, Former IRS – Specialized Tax Experts

July 5, 2012
Written by: Fresh Start Tax

 

Expatriate or FBAR . We are a Professional Tax Representation Firm  staffed with Tax Attorneys, Tax Lawyers,  CPA’s and Former IRS Agents. We are a specialized Tax Firm.

If you are seeking a professional tax firm that can reduce your tax debt call us today for a no cost professional tax review and consult. 1-866-700-1040

Knowing the Tax Laws can save you big money. Consider this, we taught Tax Law at the IRS as former IRS Agents.

 

At Fresh Start Tax L.L.C., we are comprised of Board Certified Tax Attorneys, Lawyers, CPA’s and Former IRS Agents that have over 205 years of professional tax experience.

We have over 60 years work experience in the audit, collection and IRS management.

We are a true experienced professional tax representation firm.

Save your money!

 

There are so many different opportunity’s for United States Expatriates to both save and avoid the double taxation through the use of tax exclusions. Some of these exclusions are:

1. Foreign Earned Income Exclusion.

2. Housing Exclusion,

3. Housing Deductions

4. Foreign Earned Income Tax Credits,

5. Foreign Tax Credits
What is a  Foreign Source Income?

Generally foreign source income received by a nonresident alien is not subject to U.S. taxation.

United States Source Interest Income that is not connected with a United States trade or business is excluded from income if it is from:

1.  Deposits (including certificates of deposit) with persons in the banking business,
2.  Deposits or with sustentation accounts with mutual savings banks, cooperative banks,credit unions, domestic building and loan associations, and other savings institutions chartered and supervised as savings and loan or similar associations under federal or state law, if the interest paid or credited can be deducted by the association,
3.  Amounts held by an insurance company under an agreement to pay interest on them,
4. Interest on obligations of a state or political subdivision, the District of Columbia, or a United States possession, generally is not included in income.

However interest on certain private activity bonds, arbitrage bonds, and certain bonds not in registered form is included in income, or U.S. source interest income that is not connected with a United States. trade or business and that is portfolio interest on obligations issued after July 18, 1984, is excluded from income. Check you with with your particular situation.

 

Should you have any questions regarding Expatriate Tax Laws, Tax Filings or FBAR requirements, call us today for a no cost professional tax consultation. 1-866-700-1040.

 

We can represent you in all your tax or IRS matters and offer winning tax solutions.

 

We also can file all back tax returns and settle your back taxes with an offer in compromise.

 

 

 

Tags: CPAs | Expatriate | FBAR | IRS

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