Tax filing is a difficult and lengthy job especially if you are a US Expat living in a foreign country. While tax filing is a difficult job for everyone. Expat living abroad have to go through a lengthy and stressful process of reporting foreign investments and business accounts too. The thing that makes it even more complicated is that US expats also have to claim one or more IRS provisions such as the foreign tax credit and the foreign earned income exclusions, that is, if they want to avoid double taxation.
So, when it comes to such detailed work, people usually have three options that are either hiring a US-based accountant, doing it yourself, or hiring a tax CPA for expats.
Among these three, we’d say your best bet is the last one because it’s better to spend a little money in order to save some time and money!
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How To Land the Right Tax CPA for yourself?
While most people would like to answer this question by putting up a search on Google, the fact is that Google can only tell you names and addresses, it is you who has to choose the best among the competition.
Choose the One That Works For You
Once you have been introduced to your potential options. It is then time for you to choose among them the one that works for you.
The More Qualified, the Better!
Tax filing can be a tough job. This is why it would be better if you hired a tax CPA who is more qualified to handle the job. Now, this accounts for educational qualification as well as experience of handling tax filing in the past. A CPA with more experience in the field is always preferable.
Customer Reviews and Recommendations
Customer reviews and recommendations play a great part in helping people decide whether to go for a service or not. When you select a firm to help you file your taxes, you should always check their customer reviews and recommendations. If you know someone reliable who can recommend a service then that’s great. If not, then you can check the reviews of service online and pick a company with the most positive reviews; however, sometimes even reviews can’t be relied upon.
Check Whether the CPA has Been in the Expat Realm For Several Years
It is important that your CPA has been consistent in his work and has been in the Expat realm for several years in order to make sure he or she is in good practice. Moreover, if your CPA has been working at the same firm for several years, then this means that you can rely on this company and the CPA may stick around for the future making things easier for you.
These are some of the factors you should keep in mind while hiring an Expat Tax CPA for yourself. While there are other factors too, we’re sure checking these features will help you enough.