Advice/referral: Ex-pat tax preparation

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myself11
Posts: 9
Joined: Mon Sep 04, 2017 6:50 pm

Advice/referral: Ex-pat tax preparation

Post by myself11 » Wed Nov 08, 2017 10:48 am

Hello,
i work outside the country and I would like a referral re: tax preparation for 2017. I had a local company here prepare my taxes past 3 years and they charged an arm and a leg for that. My tax situation is rather straightforward. I may have to work with the person remotely and forward things via email .Thanks.

Carefreeap
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Location: SF Bay Area

Re: Advice/referral: expate tax preparation

Post by Carefreeap » Wed Nov 08, 2017 7:15 pm

KPMG prepared both our German and US returns as well as returns for CA and AZ. The company paid for it and I'm sure they are not cheap.

FOGU
Posts: 108
Joined: Tue Apr 24, 2018 9:41 pm

Re: Advice/referral: expate tax preparation

Post by FOGU » Fri Jun 01, 2018 7:09 am

Fellow ex-pat here. I use an accounting firm in the US to prepare my federal return. Apart from the expat issues the return is not complicated. They charged me $950. Don't know if that constitutes an arm and a leg or not.

I expect you will get a lot of bogleheads to respond that you don't need to pay an advisor. Starting with a $1million portfolio that .3% fee will cost you at least $30k to $40k over 10 years, and close to $150k over 20 years.

Do your homework and do it yourself the way Mr. Bogle recommends.
~ Don't just do something. Sit there. ~

international001
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Re: Advice/referral: expate tax preparation

Post by international001 » Fri Jun 01, 2018 8:58 am

KNowlege has value, mechanics doesn't

Pay for tax preparation the first year. Understand the paperwork and do it yourself the next year

FOGU
Posts: 108
Joined: Tue Apr 24, 2018 9:41 pm

Re: Advice/referral: expate tax preparation

Post by FOGU » Fri Jun 01, 2018 9:22 am

international001 wrote:
Fri Jun 01, 2018 8:58 am
KNowlege has value, mechanics doesn't

Pay for tax preparation the first year. Understand the paperwork and do it yourself the next year
Good point.
~ Don't just do something. Sit there. ~

Stick5vw
Posts: 23
Joined: Sun Dec 18, 2016 6:46 am

Re: Advice/referral: expate tax preparation

Post by Stick5vw » Mon Jun 04, 2018 8:37 am

I’ve used Greenback Tax for almost the whole time I’ve been outside the USA (10 years) and have found them To be extremely knowledgeable and reliable. Depending on what you need filed it usually costs around $450 each year.

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LadyGeek
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Re: Advice/referral: expate tax preparation

Post by LadyGeek » Mon Jun 04, 2018 2:52 pm

While related to his portfolio, myself11 has a few questions which should be discussed separately. I moved some posts into: [Backdoor Roth IRA, Vanguard Advisory Service]

I also changed the spelling in the thread title "expate" to "ex-pat".
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

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