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TAX PLANNING
Whether you're changing job, going to consult on your own, starting a new company, settling with a life partner, having a child, looking to make a first investment, consolidating your existing investments, saving for a special event, buying a holiday home, letting a place, planning to travel around the world, giving up US citizenship or giving up a Green Card - there is a tax opportunity.
​At us-expat.tax we can help you make great tax decisions for all life's events.
Starting your
own business
Starting your own business outside the US comes with its own set of tax issues. With pressure on employment costs, there is a surge in the growth of independent consultants and in the gig economy many people have multiple and varied ways of earning an income. Whether you set up your own company or go alone as a sole proprietor, your tax filings will be more complex than if you were in the US. We can walk you through the options, help you maximise your deductions and, where possible, minimize your exposure to self-employment tax.
FOREIGN
savings plans
Foreign savings plans that minimize your in-country tax liability may not be advantageous from a US tax perspective. Every country has its own set of tax incentives which are attractive at first, but may leave you extremely complex reporting obligations and,worse still, with an unexpected US tax liability.
Let us help you understand how they will translate on your US tax return.
retirement
When you live and work abroad, planning for your retirement is not just about the tax treatment of traditional domestic US plans: 401(k), IRAs and Roth IRAs, it's also about the tax treatment of foreign retirement plans - some of which are not retirement plans in the eyes of the IRS. It's important to understand the immediate tax effect of your contributions, your employer's contributions and earnings or growth in a foreign plan and your reporting obligations. Understanding the now, will help in understanding the future and avoiding unexpected tax consequences when you retire.
foreign property
If you are looking to buy property outside the US it is important to bear in mind that the US tax treatment of letting and selling property is unlikely to match the foreign taxation. Let us guide you through the tax saving opportunities and explain the additional reporting requirements of foreign property.
expatriation
If renouncing citizenship or abandoning your Green Card is on your mind then you need to speak to us.
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There are multiple tax implications of walking away and the US tax authorities will seek to tax your unrealized gains upon exit.
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Timing can be important and help simplify your filing obligations. So let us not only prepare your expatriation return, but help you upfront to make things clearer.