Americans residing abroad have to file
annual tax returns to the federal government in US. Also, they have to file tax
returns in the country of residence. For instance; Americans residing in UK are
subject to both US as well as UK tax laws. The taxes they are required to pay
in each of the countries are determined according to the terms laid down in the
tax agreement concluded between the two countries. However, drafting the right
type of returns relating to US taxes for Americans abroad is not exactly
a layman’s job and needs handling by professional experts.
Professional Expert Knows How to
Draft US Tax Returns
There are several things to take care of in
drafting a tax return. Seasoned professional knows exactly what aspects are to
be touched. For instance; as per the UK-US tax treaty, the taxpayer is to pay
social security taxes in the country where he is working. But if an American is
send to UK for a period of 5 years or less then he or she shall pay the social
security taxes in US being exempted in UK.
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| US Tax Returns |
Professional Expert helps Get Tax
Exemptions
There are also some exemptions which the
professional taxation lawyer can take care of. Invoking the exemption clauses
in filing the US tax returns the professional assessor can minimize
taxable amount for the client. Such an expert knows the tricks of the trade
working to get the best benefits for the client.
Client needs to find a reliable tax
consulting agency dealing transparently and charging reasonable prices for the
services rendered.
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