International Tax Advisory and Preparation Services
The U.S. imposes income taxation based upon citizenship, not based on tax residency and U.S. resident aliens are taxable on worldwide income for their lifetime unless they expatriate completely. Residing and working outside of the United States can trigger the application of special tax laws and regulations when certain qualifications are met, permitting the offset of U.S. tax obligations in part or in their entirety. It is paramount that people seek professional counsel in navigating the complex tax laws surrounding foreign work and income. Accounts International is a leader in providing individuals with international tax advisory services on situations including U.S. Expatriate tax, Foreign National/ U.S. Nonresident Alien tax and Foreign Earned Income.
U.S. citizens and U.S. green card holders have unique filing obligations. U.S. citizens and U.S. green card holders living and working outside the United States are required to file a U.S. tax return annually and report their worldwide income if they continue to meet the annually indexed minimum tax filing threshold amounts, consisting of the standard deduction and exemption. There are a multitude of unique and highly complex U.S. domestic tax laws and regulations affecting the U.S. tax residency of foreign nationals, both non-resident aliens and resident aliens, in addition to income tax and social security tax treaties or Totalization Agreements. These U.S. domestic tax laws and regulations are highly specialized and their tax ramifications for foreign nationals (non-resident aliens and resident aliens) are very different than that for U.S. citizens or U.S. green card holders (Legal Permanent Residents).
At Accounts International, we are dedicated to educating our clients and making them aware of U.S. tax laws affecting the amount of income tax they will pay, as well as the developing and constantly changing laws of U.S. taxation. As most of our clients reside abroad, we are capable of providing support through multiple means including conference calls, email, and video conference as required where the situation precludes a one-on-one meeting