U.S. EXPATRIATE TAX
AS CHOSEN BY US CITIZENS WORLDWIDE
Bambridge Accountants was formed over 10 years ago with the vision of making tax easier for creative industry professionals and US expats.
Over the past 10 years we have built a true understanding and appreciation for what it takes to be a creative industry professional and formed a service that works specifically around unusual schedules, different time zones and the many other variations within the industry.
We have also worked closely with thousands US expatriates both within and outside of the creative industry, to help them gain and maintain compliance, while minimising their tax owed.
With accounting firms based in both the US and UK, Bambridge Accountants is expert in all areas of UK and US tax, including cross-border tax.
MEET OUR US TAX MANAGEMENT TEAM
An award-winning author and chartered accountant with over 15 years experience. Alistair established Bambridge Accountants in 2010 after realising the lack of expert tax support available to US expats and creative industry professionals.
With recognition throughout the industry and further; Alistair has been listed in Spears 2018, The Independent, The Financial Times, Forbes, The Times and much more.
Senior US Tax Manager
A qualified Tax Technician, Callie is specialist in both corporate and personal US tax. Callie is expert in breaking-down the complexities of US tax into an easy-to-understand, friendly service.
Continuously acknowledged by clients for her outstanding level of service, Callie holds developing a tailored service that works to meet your wants and needs as her priority.
OUR US EXPAT TAX SERVICES
Our certified US expat CPA team work with thousands of US expats every year on their tax returns. Our US Expat tax services cover all areas tax for Americans living abroad.
FEDERAL TAX RETURN PREPARATION AND SUBMISSION
Our US expat tax team specialise in in Federal Tax Returns for US expatriates, those who have recently repatriated to the US and American businesses abroad.
We offer a start-to-finish US tax service that will ensure you are 100% compliant and minimise any tax owed.
STATE TAX RETURN PREPARATION
Even while living abroad, some US expats are required to file a State Tax Return.
Whether or not you are required to file a State Tax Return depend on the last state you resided in and your ongoing association with that state.
LATE TAX RETURN PREPARATION
We help US expatriates catch up on their US taxes.
Whether you have just missed one return or never filed at all, we will identify the best strategy to get you in line with your US tax filing obligations and minimise tax owed.
FOREIGN BANK ACCOUNT REPORTING
As an American living abroad you are responsible for not only submitting a Federal Tax Return every year, but also- in many cases filing a Foreign Bank Account Report (FBAR) or a Form 8938 under the Foreign Account Compliance Act.
If you have stayed on top of filing your yearly Federal Tax Return, but have failed to file FBARS you can use the streamlined filing procedure applied to the required forms only. Under this scheme you would have to file 6 years work of FBARS.
US Expats with assets abroad are often required to report them in accordance with FATCA regulations.
Reporting assets in line with FATCA can be extremely complex. Our trained US tax accountants are expert in supporting you through FATCA reporting.
US BUSINESS TAX RETURN PREPARATION AND SUBMISSION
A business tax return is required for any business that is considered a separate entity.
We have built and a service that covers all areas of tax for US expatriate businesses and business owners.
Contact us if the service you require is not listed. We cover all services necessary for US expatriates
AS SEEN IN
Our extensive US tax knowledge has been recognised and published in several reputable publications that include, but are not limited to:
7 Henrietta Street, London, England, WC2E 8PS, United Kingdom
OUR US OFFICE
85 Delancey Street, Floor 2, New York, NY 10002, United States of America
OUR CANADA OFFICE
422 Richards Street, Suite 170, Vancouver, BC V6B 2Z4, Canada
YOUR US EXPAT TAX QUESTIONS ANSWERED
DO I NEED TO FILE A USE TAX RETURN?
U.S. Tax can be a daunting subject for Americans within the U.S.A, let alone for those living outside of America with U.S. tax obligations. This article aims to help you establish whether you are required to file a tax return.
During 2017 the U.S. Department of State released statistics that identified over 6.3 million Americans living abroad. If you are one of these Americans, or a resident alien, you are required to report your worldwide income to the IRS- even if you don’t have any income from the U.S. or have never actually been to the U.S.
If your worldwide income in the period January 1st, 2017 to December 31, 2017 was below the amounts shown in the list below you were not required to file a tax return for the US 2017 tax year- please note this applied to employed individuals only, there is a separate criteria for those who are self-employed.
Worldwide income includes all money, goods, property and services which are not excluded from U.S. tax.
Single- under 65- $10,000
Single- 65 or older- $11,950
Head of Household- Under 65- $13,400
Head of Household- 65 or older-$14,950
Qualifying Widow(er)- under 65- $16,750
Qualifying Widow(er)- 65 or older- $18,000
Married Filing Jointly- $20,800
Married Filing Jointly- not living with spouse at the end of the year- $4,050
Married Filing Jointly- one spouse is over 65- $22,050
Married filing jointly- both spouses 65 or over- $23,300
Married Filing Separately- $4,050
If your net earnings from self-employed work are $400 or more, you must file a U.S. tax return.
If you are a resident alien- a green card holder or substantial presence test- you are still required to file a U.S. Return.
WHEN DO I FILE AND PAY MY US TAXES AS A US EXPAT OR RESIDENT ALIEN?
APRIL 15TH, 2019
The upcoming 2018 us tax return, together with any tax owed, is due by April 15th, 2019.
JUNE 15TH, 2019
The IRS allows U.S. citizens and resident aliens an automatic 2-month extension on the US April 15thdeadline for filing and paying taxes. This brings the deadline, for the 2018 tax year, to June 15th, 2019 for US expats and resident aliens.
A statement must be included alongside your tax return, which clarifies why you qualified for the extension.
OCTOBER 15TH, 2019
Resident aliens and US Expats are also able to apply for a 6-month extension, bringing the deadline for filing to October 15th, 2019. This does not apply to paying the tax due.
In order to apply for the 6-month extension you must fill out a Form 4868.
There is a discretionary period of 2-months for taxpayers overseas, bringing the absolute final filing date to December 15th, 2019. In order to do this you must send the I.R.S a letter justifying why you require the extension.