Chartered Tax Advisers & Accountants

US Tax

US citizens and Green Card holders are liable to US tax on worldwide income regardless of their country of residence.  Also many planning strategies implemented for UK tax reasons are not necessarily tax efficient for US tax purposes, for example, contributions to ISAs and making pension contributions.  Living outside of the US can complicate matters for US taxpayers and our in-house expertise means that we are perfectly positioned to help.

Many US citizens living overseas are not aware of their continuing liability to US tax and we help taxpayers bring their filing requirements up to date.

As well as providing US tax advice to our own clients, we often work with other professional advisers to assist them and their clients in ensuring that US tax return filing requirements are satisfied.

Our services include the following:

We provide a professional US tax return preparation service, using our experience to properly report the interaction of US and overseas tax principles.  We consider all reliefs available to ensure that our client’s overall tax exposure is minimised.

This service can be provided on a stand alone basis or in conjunction with our UK Tax Return Preparation service.

We offer tax planning in a variety of areas, including US taxpayers looking for Business Set Up Advice, guidance on pension planning and advice on expatriation taxes.

Using our cross border knowledge and experience in dealing with double tax treaties, we help clients to efficiently manage their worldwide tax exposure.

IRS Audits can be particularly invasive and worrying.  Whilst in general the IRS will request a meeting with the taxpayer as part of the audit process, in many cases we have been successful in getting agreement that the audit can handled by correspondence alone.

We aim to relieve some of the stress of an audit by undertaking direct communication with the IRS, responding to the questions raised, with a view to concluding the audit as quickly and as painlessly as possible.

Contact ustax@msactax.co.uk to arrange a free initial consultation.