Expats living in Brazil have unique income tax situations. In addition, navigating the complexity of U.S. tax law can be a daunting task for anyone. There is no doubt that the IRS does not go out of their way to make the tax process simple for taxpayers. But if you do your diligence and engage the right CPA firm, filing your tax returns can be straightforward (if not simple).
TaxPath is a leading provider of expatriate tax services to expats residing in Brazil. We offer a simple approach that is unique to the industry of tax preparation. Our experienced staff will provide exceptional service and take advantage of all legal tax deductions available to you. We know that the last thing you need is any IRS problems, but you also want to minimize your tax bill.
Do you have unfiled or past due tax returns? Having back tax returns is more common than you might think, especially for expats. Many of our clients came to us with multiple years of prior tax returns and in need of assistance in dealing with the IRS. The first step is to have a tax professional on your side who can answer any questions have and communicate with the IRS, if necessary.
Our tax professionals utilize tax deductions and credits that are specific to expats in Brazil. The key is a detailed understanding of expat tax law and years of experience in doing expat tax returns. In addition, we implement effective tax planning for our clients along with the tax returns that we prepare. Tax planning is the key to minimizing your tax liability.
Our process has been in place for years. It will typically follow the following format:
1. We start by gathering some general information, such as your name and contact information (email, phone number, etc). You will then receive a welcome email that will also contain our expatriate tax organizer and access to our secure portal so you can safely and securely submit any tax data to us.
2. You are then assigned a CPA or tax professional that will work with you and answer any questions you have. All tax related documents including 1099s, W2s, etc will then be uploaded to your portal that is accessible in Brazil.
3. Your tax return is then processed by our tax team and reviewed internally for accuracy. Once completed, you receive a proof for your review. Payment is then processed online and you can sign your tax authorization forms electronically.
4. Your return is efiled with the IRS and our process is complete. We try to make it as simple as possible!
We know that tax preparation and planning for expats in Brazil can be challenging. But don’t be worried. We can walk you through the process, make sure you are comfortable, and get your tax returns filed accurately.
Whether you need individual tax returns, partnership tax returns or corporate returns filed we can help. You may even need to do FBAR or FATCA filings. Contact us today so we can get started.