Expat with Unfiled Back Taxes? WATAX Can Help.

For over 35 years WATAX has been providing expat tax preparation services for US citizens living overseas.

Filing US taxes while living abroad is required. Owing taxes can also cause problems for your passport renewal. Add the unpredictability of the US Government in immigration policy, getting assistance from US tax professionals has never been more relevant.

As tax specialists for expats, WATAX focuses on these essentials to get you back into compliance:

• You're likely not going to owe US taxes as the Foreign Earned Income Exclusion and the Foreign Tax Credit, used in combination can reduce most taxable income.
• If you are self-employed or living in a country not covered by the Totalization Agreement, you could owe the taxes that fund your Social Security.
• There's no rule-of-thumb on how many returns to file, but most people who file the last six years satisfy the IRS system. However, some people try to file less than that and see how the IRS responds.
  
• Filing recent returns can provide $1400 in pandemic stimulus payments to you even if you were living abroad.
• Own Foreign Bank accounts? You might need to file FBARS for $10k plus accounts or FATCA with your 1040 form for $50k plus accounts.

WATAX works with our clients to provide for the best expat tax service possible. Find out more at our Expat podcast.