Tax Help for US Expats

17/02/2024

Since I can't make US taxes more fun, I invested time designing some workflow automations to make tax season easier.

31/07/2023

The new Corporate Transparency Act requires nearly all US businesses to register with the Treasury Department’s Financial Crimes Enforcement Network. Hardly anyone is talking about it, so I wrote a short guide to help business owners.

01/04/2022

another tax return filed. :)

10/03/2022

The Tax Zero app will get expats over the finish line in 10 minutes.

www.taxzero.app

09/02/2022

Five topics ten minutes done.

the taxzero.app helps expat Americans reduce the burden of unfair US tax policies. Using our expertise, we created a guided interview to help people prepare their taxes and eliminate double taxation using the Foreign Earned Income Exclusion.

Designer Erik Dahl walks through the exact steps inside the App in this short video

https://lnkd.in/e9BgSXJ7

https://www.taxzero.appAvoid double taxation with the Foreign Earned Income Exclusion.The IRS doesn't make it easy. Complex forms. Confusing rules. Big penal...

21/05/2021

Introduction the Tax Zero App, tax prep software by expats for expats. Finish your tax return in 10 minutes.

Prepare your expat taxes in 10 minutes, claim your missing covid-19 payments. No more error codes.

30/04/2021

On May 14, 2021, US Tax Attorney Christine Dahl will be hosting a free session to show Americans abroad how to claim their missing Covid payments from the IRS. Register for your seat here:

Join the free session with US Tax Attorney Christine Dahl and learn how to get your missing Covid Relief Payments from the IRS!

17/06/2020

We love our clients! And they love us too.

29/03/2020

Our US tax practice is recommending filing 2019 US tax returns early and including a US dollar account through Transferwise to receive stimulus payments. Opening an online account is pretty simple and after you verify your identity and make a small deposit, you can get a US bank account (with routing and account numbers) that the IRS will use for direct deposits.

01/10/2019

A new IRS penalty-waiver program offers specific benefits for individuals who wish to relinquish their US citizenship. The Program “Relief Procedures for Certain Former Citizens” offers:

*No need to wait to expatriate
*No need to obtain a US Social Security Number
*Waiver of up to $25,000 in tax liability
"Waiver of penalties for non-payment and late filing

Eligibility Requirements

*Individual net worth of less than $2million (at the time of expatriation and at the time of submission)
*An aggregate tax liability of $25,000 or less for the taxable year of expatriation and the five prior years.
*No prior filing in the US tax system other than a good faith but erroneous filing of a 1040-NR (non-resident tax return)
*US citizenship relinquished after 18 March 2010

Documents needed to submit these procedures:

*Certificate of Loss of Nationality of the United States, *Form DS-4082, or copy of court order cancelling a naturalized citizens certification of naturalization
*Identification (copy of valid passport or birth certificate and government issued identification)
*Six years of tax returns with all required information reports

The IRS will send a closing a letter approximately 2 months after receiving the submission.

This is only a summary. There are risks associated with being found ineligible.

More information is available from Christine Dahl, Esq., a licensed American tax attorney with an office in The Hague. +31 70 239 0140

[email protected]

22/09/2019

Last week, the IRS made it easier for "Accidental Americans" to exit the US tax system. Now, the tax compliance package can be filed WITHOUT getting a US Social Security Number. This step had been a difficult, lengthy and ultimately absurd requirement for people who needed it only because they wanted to relinquish their US passport.

The IRS recommends consulting with a lawyer to avoid costly mistakes.

The new Relief Procedures can be found here:

An alternative means for certain former U.S. citizens to satisfy their tax compliance certification process upon expatriation from the U.S.

10/06/2019

questions about preparing a Foreign Bank Account Report? We can help!

The most common mistakes we see (other than not knowing that these are required):
1 - forgetting to include a private pension
2 - forgetting to include your children's accounts (if you have access to them). or forgetting that your children may need to file their own FBARs
3 - counting account balances separately to decide whether you crossed the $10,000 threshhold (it's the aggregate, not the individual amounts)
4- excluding a high balance because it was only there for a day (for example, construction loan proceeds that went to the builder the next day).
5- forgetting to include "signature authority" accounts - for example, when you're the club treasurer or have access to an aging parent's account to help them pay their bills.

If you have questions, let us know. No need to worry! We can help.