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- 444/445 Manru Shopping City, Chowhatta, Sylhet-3100
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What Services We Provide for Our Clients
US Tax Return Preparation
The tax return preparation for US expats can be more complex than a ‘domestic’ tax return, which often require additional ‘foreign’ forms to be completed. Many US based CPAs are unable to prepare these forms effectively or provide the best dual-jurisdiction advice. As part of our core compliance service we take care of the preparation of your Federal return, and if required, your State and Local tax returns.
Foreign Bank Account Reporting (FBAR)
US citizens and Green Card holders are required to file the FBAR (form FinCEN 114) if they have non-US accounts and certain thresholds are exceeded. It is a separate form to your tax returns and the requirement to file should be reviewed annually. We can produce the forms and assist in the annual review and filing.
Late Filing of Returns
Many Americans are not aware that they continue to have a US tax return filing requirement even if they do not live in the US, and as such it may be that they have not filed US tax returns for many years. The IRS provides a system for such people to ‘catch up’ with their tax filings with reduced filing obligations. If this applies to you feel free to contact us to discuss further.
IRS Notices
As IRS Enrolled Agents, we are able to liaise with the IRS and State tax authorities on your behalf. So you can rest assured that we can take care of IRS and state notices you receive, and handle any audits that may arise.
Audits Tax Planning
There are many countries that are considered to be a ‘high tax’ country and Americans living in the these countries, including the UK, often end up paying more in taxes than they would have if they earned the same income in the US. However, there are various reliefs and exemptions available (both in the US and these countries) that can help to reduce the impact. Careful planning is required to ensure Americans minimise their overall tax obligations.
Estimates & Projections
With specific reliefs and exemptions available to Americans living in other countries, it can become difficult to calculate tax liabilities and keep on to up the payments you need to make to the IRS and the tax authority of the resident countries. We can help with the necessary estimates and help you to manage the process.
US ITIN Services
Whether you need to apply for a new US Individual Tax Identification Number (ITIN), or if you need assistance in renewing your ITIN, we can help. We are IRS Certified Acceptance Agents for ITIN applications.
Review of Prior Returns
If you believe there may be errors with previous tax filings, or if you want us to review the tax efficiency of those returns, please contact us and we can help.
IRS Streamlined Procedure
We at London Consulting Ltd understand that not every US Citizen and Green Card Holders are aware of the Tax filing Requirement that is also imposed on US Individuals living outside of US. We got you covered as the IRS has some exceptions for US Individuals living abroad that have unwillingly skipped paying US Federal Taxes. These exceptions cover up to 3 years of prior US Federal Individual Tax Returns and 6 years
of prior FBAR’s.
