fees
US Expat Federal Tax Return – $740 USD
Flat fee includes these forms: 1040, 2555, 1116, Sch.C, one rental property, up to 5 bank interest/dividend entries and up to 5 brokerage transactions. If you have more than these, don’t worry. We can easily accommodate your particular circumstance.
State Tax Returns – $150 USD
Some US states require US expatriates to file taxes on their income as well. It varies by state and the rules are different for each one. Your Tax partners can give you authoritative information regarding your particular circumstance.
IRS Streamlined Procedure – $600 USD
The IRS has prescribed a straightforward plan for getting caught up with back taxes called the Streamlined Procedure. It requires that you file 3 years back taxes to become fully compliant. Under the Streamlined Procedure, you will not be penalized and you will face no undue scrutiny by the IRS.
Also, the Streamlined Procedure requires that you file 6 years worth of FBAR reports (Foreign Bank Account Reports) but only for years that your accounts outside the US exceeded $10 thousand in aggregate (for all accounts combined). We request $99/yr for FBAR reports.
FBAR Reporting – $150 USD
FBAR, or the Foreign Bank Account Report (FinCEN Form 114), is required for individuals who have foreign accounts that in total exceeded $10 thousand at any time during the tax year. Includes up to 10 accounts per reporting year.
FATCA Reporting – $175 USD
FATCA, or the Foreign Asset Tax Compliance Act (Form 8938), is required for individuals with total assets, in aggregate, beginning at over $50 thousand. The rules are varied (depending on your location and/or marital status). FATCA filing is a relatively new law that the US government is enforcing vigorously.
Foreign Corporation – $1,100 USD
Foreign corporate returns (form 5471) are required for all US persons who own 10% or more of a corporation overseas. Our flat fee assumes your corporate accounting records are in reasonably good order. Your Tax partners can advise you about your particular foreign corporate return fees before you begin your engagement with Tax partners.
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17817 Leslie St, Suite 2
Newmarket, Ontario L3Y 8C6
Tel: (905) 836-8755
Tel: 1-888-TAX-8500
Email: [email protected]