International Individual Tax Filing
US Foreign National & US Expat Filing ServiceInternational Individual Tax Expert
MBA CPA International tax expert. US Tax Foreign Residents.
Helping US tax foreign nationals with international tax. US expat tax filing. Expatriate tax services. Foreign income exclusion.
Friendly MBA CPA tax expert. Call today.
David Weinstein MBA CPA CFE
Foreign Visitors to the United States
Most importantly, plan your foreign assignment to the US. Not planning increases taxes for US tax foreign residents. If you are able to plan your trip, you can minimize US income taxes. Primarily I provide the following services:
- Resident aliens
- Non-resident aliens, 1040NR – Filing
- Dual Status
- Foreign National tax planning
- Tax treaties
- Foreign investment in real estate for US residents and citizens. “FIRPTA”
Comprehensive international tax planning
I provide the following international tax planning services:
- Analysis of foreign tax credits
- Income tax treaties
- Foreign earned income exclusion
- Expatriation
- Residency elections and dual-residency filing
- Pre-immigration and expatriation planning
- Compensation planning to minimize U.S. income, payroll, and estate taxes
Key individual international tax Services
- Coordination and preparation of U.S. federal, state, and local income tax returns. For US tax foreign residents and US expats.
- Foreign investments in the U.S.
- Voluntary disclosures
- U.S. international assignment services
- Foreign trusts, estates, and foundations
- Coordination and preparation of U.S. federal, state, and local income tax returns for both in-patriates and expatriates
- Foreign investments in the U.S.
- Voluntary disclosures
- U.S. international assignment services
- Recipient of foreign gifts and inheritance
- Recipient of foreign gifts and inheritance
The Bonafide Residence Test
You’re considered a bona fide resident of a foreign country if you reside in that country for “an uninterrupted period that includes an entire tax year,” according to the IRS. A tax year is January 1 through December 31, so the qualifying period for the bona fide residence test must include at least one full calendar year.
Trips or vacations outside the foreign country won’t jeopardize your status as a bona fide resident, as long as the trips are short and you clearly intend to return to the foreign country where you were living. You can even make brief visits to the U.S.
Physical Presence Test
You’re considered to be physically present in a foreign country if you reside there for at least 330 qualifying full days in any consecutive 12-month period. A “full day” is 24 hours, so the days of arrival in and departure from a foreign country don’t count toward the physical presence test.
This rule is a bit more lenient and may be easier to meet than the bona fide residence test because the qualifying period can occur in any consecutive 12-month period, not necessarily a calendar year. You don’t have to begin your qualifying period with your first day in a foreign country. You can choose which 12-month period to use, which gives you the freedom to choose the period providing the greatest income exclusion.
Vacation days and business days spent in the foreign country both count toward meeting the 330-day threshold. Travel outside the country generally does not jeopardize the 330-day requirement.
Types of Income
The foreign earned income exclusion applies only to earned income resulting from performing services as an employee or as an independent contractor. Earned income means salaries, wages, professional fees, and other amounts received as compensation for personal services. Expatriate internation tax services includes foreign income exclusion expertise.
The 35 day slide rule
The Prorated Exclusion
Choosing any consecutive 12-month period to qualify for the foreign earned income exclusion under the physical presence test means that you might have to spread the exclusion amount over two tax years. You’d have to pro-rate the maximum exclusion in each year.
Use the number of days you were physically present in the foreign country during the tax year to pro-rate the maximum exclusion. Calculate the ratio of the number of days that you were physically present in the foreign county—the numerator—to the number of days in the year, which is the denominator. The pro-rated exclusion amount can’t exceed the maximum allowable exclusion.
You might also qualify for a pro-rated exclusion if you intended to meet all the time requirements but left the country due to civil unrest.
Expatriate international tax services
US expat tax filing. In other words, taxes related to overseas assignments. The IRC regulations for US expats are particularly complex. Because its complex, from both the employee and company perspective, its important to understand the issues.
Most importantly, I minimize taxes and the compliance risk. In other words, I reduce complexity. Secondarily, I implement sound payroll tax polices. Lastly I create procedures for countries outside the US.
In addition, I provide help for/with:
- U.S. permanent residents living abroad
- Totalization agreements.
Foreign income exclusion
Taxpayers who live elsewhere might qualify for the foreign earned income exclusion, allowing them to exclude all or part of their foreign-source wages and self-employment income from U.S. federal income tax.
US expat tax filing services. You must work and reside outside the U.S. to qualify, and you must meet either the bona fide resident or physical presence test.
David Weinstein MBA CPA
Contact Us
For inquiries or requests that require a more personal response, I will make every attempt to respond within 48 hours.