International Taxation for U.S. Citizens
If you are a United States citizen, the United States will tax all your worldwide income, regardless of the country you are residing in. This means that you are required to file a U.S. tax return in addition to any foreign country’s required tax forms. The good news is that you do have available special income exemptions, housing deductions, and foreign tax credits that can significantly reduce your tax burden. We strive to take full advantage of the tax code to ensure that our clients who reside abroad pay only U.S. taxes as required.
Individual taxpayers often need professional tax return preparation and sometimes, representation before the Internal Revenue Service regarding a previously filed tax return. Albin and Associates is here to help.
Residing abroad? If you’re a U.S. taxpayer residing overseas, you are still required to file and pay U.S. taxes on all of your worldwide income. If you are searching for a professional to review personal financial decisions with you to help identify alternatives and weigh the tax consequence of each choice, contact us at Albin and Associates.
Business taxpayers can require bookkeeping services and/or compiled financial statement preparation, or assistance in preparing quarterly employers payroll tax reports. Albin and Associates can help with these and the computation of the payroll tax liability. Is your business faced with a difficult decision that will have a material impact on its profitability? We can help sort through the quagmire and bring focus to the important aspects of the decision. Our professional analysis of the problem will make the decision an easier one after the important components are identified and examined. Consult with us; you won’t have to make these decisions alone.