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:
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.
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:
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.
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.
1040, 1040A, 1040EZ - US Individual Tax Return
1040X - Amended Tax Return
"I wasn't sure where to start with filing my taxes but Taxback.com made things a whole lot clearer and a lot less overwhelming - very efficient and great customer service. I've recommended to all of my fellow Americans here in Ireland."
"I was working in China for 3 years before I realised that I had obligations to file my tax returns in the US even though I was no longer earning any income anywhere other than China. I was very unclear of how to back file and if there was penalties involved. My girlfriend was in the same position as myself and after doing a bit of research we chose to do our returns with taxback.com because we had used them locally in China and found them very knowledgeable. They made the whole process really simple and transparent from the outset which really put our minds at ease. For us, it was a real comfort to know that our returns were correct and up to date and on record with taxback.com. Since then, we've recommended them to a lot of friends from home living in Shanghai and they have all raved about the ease and professional manner in which taxback.com took care of them!"
"US tax returns - even the thought of it gives me a headache! Especially the first year that I arrived in the UK when I had worked for half of the year in the US and then half of the year in the UK and had obligations in both countries. My wife was from the UK and therefore had no idea on how we should be reporting to the IRS as we had got married that year and were now living in London. After trying unsuccessfully to work out offsetting all these 'tax credits' myself I decided it was time to bring in the experts!!"
"I am working in a recruitment company in London and after doing a bit of asking around a few people mentioned that they had used taxback.com for filing their tax returns. I thought it would be very convenient if one company could file in the UK and also file in the US. I wasn't sure if I could get a company do to this without charging massive bucks. It was a big relief when I called on Taxback.com to do the job. They were fully proficient with both services and were very reasonable. It was fantastic to get both ends looked after by one provider as it meant only getting all the documents ready once. I would thoroughly recommend using taxback.com for all tax returns as they did a super job!!"
'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 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.