Expat Tax Guidance In Rockville, Maryland

Expat Tax Guidance In Rockville, Maryland

Obtain Clarity With Your Expat Tax in Rockville

U.S. expats living abroad are expected to follow U.S. expat tax laws. Following these complex rules can prove to be challenging, fortunately, our Rockville tax team is here to guide you and avoid complications with the IRS. 

Focusing on your international income and investments should be your top priority, while our Rockville tax team deals with the complicated expat tax laws for you. 

Frost Law’s strong working relationship with the IRS and other tax authorities gives us the edge over other tax firms. Our Rockville team is made up of dual tax attorneys and certified public accountants as well as certified financial planners, and former IRS advisors.

Our Rockville team will handle the complex expat tax laws while you focus on what’s really important. Contact our tax team today at 410-497-5947 or fill out our contact form to schedule a consultation. 

Gain Clarity On Expat Tax Matters in Rockville

As a U.S. expat, you are expected to file Federal Tax Returns every year when their global income surpasses the filing threshold. 

Our team has highlighted quick facts about IRS Form 8854 and expat taxes below:

• Taxes may be able to be deducted if there is a dependent child with a U.S. Social Security number on your tax return
• Global income may include wages from abroad and the U.S., interest, dividends, and rental income
• Foreign Bank Account Report (FBAR) need to be filed when the balance of the foreign accounts exceeds certain amounts
• Expats may be able to counteract foreign earned income with a foreign tax credit, foreign earned income exclusion, or foreign housing exclusion

Deceased Expat Taxation in Rockville

• The final tax return needs to be filed similarly as when the expat was alive
• The surviving spouse may become a qualified widow(er) for two years after the death of the deceased expat
• A Foreign Bank Account Report (FBAR) must be filed on behalf of the deceased expat by a survivor
• U.S. estate tax may be imposed on an expat’s assets in the U.S

If you’re confronted with expat taxes, reach out to one of our Rockville tax attorneys at 410-497-5947 or schedule a confidential consultation with our contact form. 

Visit our office at 11300 Rockville Pike, Suite 708, Rockville, MD 20852. *Appointments required