Worldwide US Taxes Delivering for over 20 years The Unparalleled Customer Experience in Expat Tax Preparation Services.
There are approximately over 8.7 million Americans living overseas and although the population of US citizens living abroad is higher than the population of 40 individual states, their voice in Congress is non-existent.
This lack of representation has propelled Congress to pass unchallenged numerous tax legislations that have been characterized as confiscatory and punitive.
The expat community not only have to file income tax returns to report worldwide income but also have to comply with the filing of several informational tax returns such as FATCA and FBAR. Ignorance about the US tax laws is not an acceptable excuse for failing to file an informational tax return and the standard penalty for unintentionally failing one of these forms is $10,000. The penalties for intentionally failing to file is far more.