It seems exotic at first - working in Abu Dhabi, Sydney, Berlin or anywhere beyond the borders of the U.S. - but when it comes to paying your taxes back home, it can look like a nightmare. Whether you're planning to move to another country or you're already working in another country, you may have questions and concerns about the process known as expatriation tax or expat tax.

First things first: you can't surrender your U.S. citizenship to avoid paying taxes. You'll lose your passport and still be liable for your tax obligations. Miller & Company LLP, NY Certified Public Accountants, a best rated CPA firm in NYC.

Just because you're working for a foreign company on foreign soil doesn't exempt you from paying expat tax to the U.S. government. Don't think they won't come after you for it, either. The United States does tax American citizens abroad, and doggedly pursues those taxes, perhaps more vigorously than any other country.NAVIGATING THE EXPAT TAX WATERSThe international tax accountant experts at Miller & Company with offices in NYC and Queens can help you pay expatriation taxes in a timely manner. You'll most likely have to pay taxes to your host country and to the U.S. government. The U.S. has tax treaties with more than 42 countries that involves trading data on American citizens in those countries. So, don't think that paying taxes in another country covers you from your obligation to pay taxes in the U.S.If you don't owe U.S. taxes, you aren't legally required to file, but filing a U.S. tax return every year is a preventative measure to avoid tax disputes and to bypass the Statue of Limitations. If you fail to file taxes in any given year, even if you don't owe money, it may trigger an IRS audit, and you'll be liable if their decision goes against you.The IRS created a tax guide for citizens living and working in a foreign country. Download that form directly from the IRS website, or simply hire the best rated CPA company in NYC Miller & Company to prepare and file your taxes for you. These experienced tax accountants deliver everything you need when preparing your expat taxes.
Read more:
https://www.cpafirmnyc.com/expatriate-tax/

• Miller & Company LLP
  Queens, NYC
  141-07 20th Ave, Suite 101,
  Whitestone, NY 11357
  718-767-0737
https://www.cpafirmnyc.com