Services

What we do..

At taxback.com we take the stress out of filing Federal and State taxes for US citizens living abroad. We look at each individual case and ensure that we minimise or eliminate foreign income subject to taxation in the USA through foreign income exclusion, foreign tax credit and housing expenses. Our expertise will ensure that we ultimately optimise your tax position. The tax forms that we will assist you in filling in as part of our expatriate service are also available from IRS.

Two types of services we provide:

Preparation of documents:

Taxback.com will complete the documents on your behalf. We will advise you of the information we will need to populate your return and ensure that your tax position is optimised. We will make the process as seamless as possible. When we have the documents completed, all you need to do is sign and return to IRS. We will keep all of your information on file for reference for future years.

E-filing:

This is the most convenient way to submit your tax return. Taxback.com will advise you of all of the information that you need to provide us with and we will quite simply do the rest. Based on the information you provide us with we will complete your tax return and submit on your behalf to the IRS. We will keep all of your information on file for reference for future years.

ITIN

An ITIN (Individual Taxpayer Identification Number) is a tax processing number issued by IRS. It is issued to those who do not hold a Social Security Number. We provide ITIN service for non-US members of the families of the US citizens. The purpose of issuing ITIN numbers to family members of US citizens residing abroad is to include them on the annual tax return with the relevant personal.

FBAR - Foreign Bank and Financial Accounts

New regulations brought in by FBAR from 28th March 2011 outline that IRS requires that US citizens/Greencard holders and residents abroad must report their bank and financial accounts under the following circumstances:

  • If they have a financial interest in or signature authority over at least one financial account located outside of the United States; and
  • The aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year to be reported.
  • Taxback.com will complete the TDF 90-22.1 which is required by FABR on your behalf and ensure that all of your compliance obligations are fulfilled.

FATCA - Foreign Account Tax Compliance Act

Under FATCA, U.S. taxpayers with specified foreign financial assets that exceed certain thresholds must report those assets to the IRS. This reporting will be made on Form 8938. Currently it is only individuals which are required to file Form 8938. Individuals who are required to file Form 8938 are referred to as 'specified individuals,' and include U.S citizens, full and part-year resident aliens (that is Green Card holders and individuals who satisfy a 'substantial presence' test). Taxback.com can guide you in the completion of the 8938 in accordance with FATCA guidelines. We can clearly outline what is required for the form to be completed and ensure that your form is fully compliant with FATCA regulations. The 8938 will be attached to your annual return and submitted to the IRS.

Difference between FATCA and FBAR

Applicable FATCA Thresholds:

For unmarried individuals and married individuals filing separate returns - $50,000 on the last day of the taxable year, or $75,000 at any time during the taxable year; these thresholds increase to $200,000 on the last day of the taxable year, or $300,000 at any time during the taxable year, for "qualified individuals" living abroad. For married individuals filing a joint return - $100,000 on the last day of the taxable year, or $150,000 at any time during the taxable year; these thresholds increase to $400,000 on the last day of the taxable year, or $600,000 at any time during the taxable year, for "qualified individuals" living abroad.

Tax return forms

1040, 1040A, 1040EZ - US Individual Tax Return
1040X - Amended Tax Return

Schedules and additional tax forms supporting income and expenses:

Schedules A&B - Itemized and business expenses
Schedule C/ Schedule C-EZ - Profit or loss from business (Self-employment)
Schedule SE - Self-employment tax
Schedule D - Capital gains or loss
Schedule E - Rental income

Additional tax forms:

Form 1116 - Foreign tax credit
Form 2106 - Itemized deductions
Form 3903 - Moving expenses
Form 6251 - Alternative minimum tax

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Pricing

Additional Services


  • Add a small business (Schedule C)
    $99 each
  • Add a partnership K-1
    $99 each
  • Add a rental property $99 each
  • Add a state and/or city $25 each
  • Need an amended return add $150
  • Need an FBAR and/or Form 8938 $50 each
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About

About Us

'File US Tax Return' is a subsidiary of taxback.com.Taxback.com has been filing US tax returns since 1996 and has a well established relationship with the IRS. In 2011, we filed over 120,000 US tax returns with the IRS. Taxback.com has 27 offices in 22 countries and a wealth of experience in filing tax returns for a wide range of nationalities. We have a team of US tax return specialists based in our Chicago office. The team comprises of CPAs who file annual end-to-end tax returns for citizens and greencard holders both in their country of residence and the US.

taxback.com

taxback.com provides specialist tax return, travel consultancy and global mobility services for individual and corporate clients. Last year, we delivered €420 million in tax refunds to 80,000 clients across 100 countries through our international network of local offices. This consistent growth and our burgeoning global footprint has lead to us being recognised through several awards including a Deloitte Best Managed Company in 2011 and 2012 and a European Business Award in 2010. The quality of our service also resulted in us receiving ISO Quality Certification.


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