What is an expatriate?
An expatriate is an individual who lives and works outside of their native country.
One way to qualify as an expatriate in the United States is whether have worked at least 330 days of a given tax year in a foreign country.
Many citizens become expatriates because they receive incentives from their originating country and the host country in which the work. These incentives can include higher compensation, lower tax rates, excluded income various tax free fringe benefits, foreign tax credits and many others.
What is expat taxation?
Expat taxation is regulated with additional IRS regulations covering topics such as foreign source income, foreign taxes, foreign insurance policies, reports of foreign bank and financial accounts, foreign assets, international tax treaties, bonafide residence tests and more.
The US has regulations providing guidelines to prevent double taxation while expats meet their US and foreign tax obligations.
Expat taxation goes beyond simple expat income taxes and expat compensations. Many expatriates utilize foreign insurance policies, foreign trust, foreign corporations, file jointly with a non resident alien spouse from another country, or even need estate planning services to reduce their tax obligations for their future beneficiaries.
How complex is expatriate tax preparation?
The United States has tax treaties with over 60 countries that can impact important financial issues like income taxation, pensions, social security, trust and estate planning and more. PIASCIK specializes in expatriate tax preparation and planning. Here are a few of the benefits our expatriate tax services provide:
- 75 years of combined international tax experience
- Economical alternative to expensive international accounting firms
- Firsthand experience with OVDI programs
- Availability 24 hours a day and seven days a week
- Clients in over 49 countries
- Flat fees
Simple mistakes in expatriate tax preparation can be easily avoided with professional representation. Don't rely on outdated information.
Expert Expat tax consultation and ACCOUNTING SERVICES with flat fees
We can help you navigate the difficult layers of tax treaties and their impact on your expatriate tax returns.
Our expatriate tax services are always precise and thoroughly investigated to help you benefit the most from your expatriate status.
PIASCIK international tax professionals are experts on the code and regulations governing expat taxation and we advise expat clients on how to prepare and plan their global taxes efficiently and effectively.
Here are a few examples where our expat tax services may be needed:
- Foreign work assignment
- Live and/or work outside the US
- Recently returned from foreign assignment within past 10 years
- Advice on your expat employment agreement
- Assistance on Equalization Calculations
- FBAR filings
- Advice on totalization agreements
- Retirement income planning
Finding the right accounting company can make all the difference in the world. PIASCIK consultants specialize in all venues related to expat tax preparations.
Don't become just another number in a large international accounting firm. PIASICK offers an economical alternative to large, expensive tax accountants with flat rates and no hidden surcharges. Contact PIASCIK today and discover why so many of our clients prefer to do all of their expatriate tax preparations with us. The initial consultation is absolutely FREE without any obligations from you. We are a very focused boutique tax firm that knows how an expatriate tax status can greatly improve your standard of living.
