Expatriate Tax Returns' latest analysis reveals how new US tax reforms impact expats. Key areas include FEIE, CFCs, and PFICs. Consultations available.
(PRUnderground) December 5th, 2024
Expatriate Tax Returns, a leader in tax compliance and advisory services for US citizens living abroad, has released a detailed analysis outlining how the latest US tax reforms affect expatriates. Recent changes under the Tax Cuts and Jobs Act (TCJA) and new compliance requirements for foreign income reporting have added complexity to the tax obligations of US expats.
The analysis identifies several key areas that US expats should review, such as revised eligibility requirements for the Foreign Earned Income Exclusion (FEIE), adjustments to the taxation of Controlled Foreign Corporations (CFCs), and new rules for reporting Passive Foreign Investment Companies (PFICs). These changes are particularly relevant for expats who own businesses abroad, have foreign investments, or use international retirement plans.
To assist expatriates in navigating these new regulations, Expatriate Tax Returns is offering consultations tailored to help clients minimize tax liabilities while ensuring compliance. The company aims to provide clear and actionable advice that addresses the specific tax concerns of US citizens living overseas.
For more information on how these reforms may impact expatriates or to schedule a consultation, www.expatriatetaxreturns.com.
About Expatriate Tax Returns
Expatriate Tax Returns is a professional tax service provider specializing in the unique needs of US citizens living and working abroad. With extensive experience, the company provides personalized and accurate tax solutions, helping clients stay compliant with both US and international tax laws.
About Expatriate Tax Returns
The firm, proudly woman-owned by Diane Siriani, a CPA, along with her team of experienced tax accountants, has been at the forefront of the profession for over 30 years, utilizing the best industry technologies to serve clients effectively and efficiently. Thanks to the flexibility offered by the internet, we have been able to service US citizens located anywhere in the world…quickly, efficiently and professionally.
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