You may need to hire a CPA if a family member who is a business partner dies, or if the business is a marital asset and the business owners divorce. CPAs can advise if the event has tax implications, help calculate the value of the business or prepare financial statements to prepare the business to be sold.

How often are expats audited?

IRS Continues Trend of Auditing More Expats in 2018 While a total of 0.6% of all individual federal income tax returns were audited during the year, the figure for international returns is nearly six times the overall average, at 3.4%, representing one in every 29 expat tax returns.

Do expats get audited?

Expats Have An Increased Chance of Being Audited Because of the complexity and nature of US expat taxes – and it being more challenging to verify income earned overseas – Americans living abroad face an increased risk of being audited.

How does the IRS audit expats?

Specifically, the IRS might request a cashed check, receipts, brokerage statements and other documents to confirm some numbers on the tax return. US expats might be required to submit the foreign bank account statement to verify the account balances.

When do I get my tax return from expat CPA?

Expat CPA provides a secure portal for uploading all supporting tax documents and, five days after receiving your tax. Tax returns delivery is via email to the taxpayer as a PDF with password protection.

Which is the best CPA firm for expats?

Expat CPA – Expat CPA is a Certified Public Accounting firm that is based in the United States, offering specialized assistance to American taxpayers when preparing and filing their tax returns. Since 1994, Expat CPA has been focusing solely on American expat tax preparation. As that they completely understand the ins and outs of filing these …

Are there any tax professionals that do expat work?

Expat Tax Professionals – Unlike most tax firms, Expat Tax Professionals do not outsource their tax preparation services. All work is with in-house staff, primarily CPAs and tax attorneys. Expat Tax Professionals began in 2012.

How to become a CPA in the United States?

How do You Become a Licensed CPA? Steps to Become a Certified Public Accountant #1 Fulfill the Educational Requirements #2 Apply to Take the CPA Exam; Get Discounts On CPA Review Courses! #3 Get a Review Course and Start Studying #4 Pass the CPA Exam #5 Pass the AICPA Ethics Exam #6 Fulfill Your Work Experience Requirement