Tax Return Services for Expats Made Easy, How? (2) - PowerPoint PPT Presentation

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Tax Return Services for Expats Made Easy, How? (2)

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Locus tax combines distinct well-being of an online tax service with a personally accountant service to provide our clients with the most individualizes online tax filing experience. Get expat tax preparation advice from professional experts – PowerPoint PPT presentation

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Title: Tax Return Services for Expats Made Easy, How? (2)


1




Tax Return Services for Expats Made Easy, How?
  • http//locustax.com/

2
  • For U.S citizens, wherever they are, whatever
    they are doing, they definitely are bound by
    their countrys laws in the form of paying expat
    taxes to the parent country. Hence online tax
    filing services are offered to file taxes before
    April 15th of every year. If taxes are not paid
    on 15th April, the IRS will start levying tax
    from the same day onwards. So every expat has to
    take the help of online tax filing services to
    file their taxes.
  • http//locustax.com/

3
  • There are certain exclusions for foreign earned
    income. This is based on a certain amount of the
    income of the citizen which is adjusted on an
    annual basis for inflation and it is best to
    contact your tax attorney to know the procedure
    and outcome. Qualified CPAs and Tax attorneys
    provide online tax paying services which give the
    expats anywhere in the world to sit at their
    homes or residing country and comfortably pay
    their expat tax services without any problem. It
    is actually very complicated tax procedure for
    the expats to pay their taxes to their parent
    country hence expats engage tax return services
    of the CPAs of their country.
  • http//locustax.com/

4
  • It is made very easy for the expats as they just
    have to logon to a trusted online tax paying
    services company to upload their documents, with
    all the information needed by the online tax
    paying services firm with the specifications of
    the nature of their work or business to allow the
    expat tax services firm to do the necessary
    calculations and file the taxes for the expats.
  • http//locustax.com/

5
  • It is best to find a trusted firm, either from
    the feedback given by fellow expats or from the
    testimonials of the people on the site. Thanks to
    the expat tax services that the expats do not
    have to travel all the way to their country to
    just file their taxes. The dodgy advice from
    family and friends can well be avoided though
    well meaning, as they may not know the latest
    news and updates about the tax system and
    regulations in the United States. There are a lot
    of regulations for different sets of people and
    there could be number of loopholes which could
    drain your money without even you knowing it. It
    is always better to take the help of online tax
    paying services as they are in the industry
    itself.
  • http//locustax.com/

6
  • Latest updates by IRS is, foreign housing
    exclusion has also been raised considerably for
    expats. This again depends on the cost of living
    from place to place so it is best to consult
    expat tax services professionals for more
    information on this. If married couple, both are
    working abroad then the foreign earned income
    exclusion can be done twice for them. If the
    expat is an employee and he is provided with
    meals and lodging by the employer, this benefits
    too can be brought to the notice of the tax
    return services firm, as there is an exclusion on
    this benefits too.
  • http//locustax.com/

7
  • The expats can claim even foreign tax credit for
    any foreign income taxes which will considerably
    reduce the taxable income overall. The expats
    cannot claim child tax credit if they use foreign
    tax credit.
  • Hence going for an online tax paying services is
    more beneficial as one does not have to be
    reminded about the payment of tax by April 15th
    which can be taken care of by the tax return
    services.
  • http//locustax.com/

8
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  • Irvine, California
  • 92606-USA
  • http//locustax.com/
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