Frequently Asked Questions
US Expat Tax Services and Pricing
Greenback is the expert in providing expat tax services at competitive pricing. Discover our US expat tax filing fees and what they entail!
- After I have referred a friend to Greenback, when do I receive $25 off tax prep services?
- Can you help me renounce my US citizenship?
- Are there flat fees for the US expat tax forms and schedules that are not commonly used?
- Can you file Form 1120S for my S-corp and how much would it cost?
- Do you have a referral program?
- Do you offer American expat tax consultation or tax planning services?
- Does Greenback add sales tax or VAT?
- How can I spread the word about Greenback Expat Tax Services?
- How can you guarantee satisfaction with your US expat tax services?
- How do you treat employer contributions to the Australian superannuation plan?
After I have referred a friend to Greenback, when do I receive $25 off tax prep services?
Once your friend completes a Federal Tax Return with us, you will receive $25 off tax prep services within the first few days of the following month. So, if your friend completes his or her return in April, you will receive your $25 toward tax prep in early May.[back to top]
Can you help me renounce my US citizenship?
The decision to renounce your US citizenship is a big one, and if you have decided that it is the right choice for you, we can certainly help!
The renunciation process requires you to be caught up on your US tax obligation, which may mean filing up to 8 tax returns at one time as well as the Foreign Bank Account Reports. We can prepare all of these documents for you and help you file them with the IRS. The actual steps to renounce your citizenship and the number of returns required can vary based on the rules in your local US embassy, so we recommend speaking with someone there first, and then contacting us to do the tax return preparation for you.[back to top]
Are there flat fees for the US expat tax forms and schedules that are not commonly used?
Yes. Because our goal is to be as up front as we can be with our customers about our pricing, we make it a priority to establish flat fees whenever possible. Our pricing includes the most common forms and schedules that most expats need to file including:
- All standard expat forms: Forms 1040, 1116, 255;
- One of each of the following schedules: Schedules A, B, C, D, E (one rental property);
- Up to three Schedule K-1s; and
- Up to 20 bank and brokerage transactions.
If you need any additional forms or schedules, we are happy to prepare those for you as well, and a list of the fees we charge for each can be found under Additional Schedules.
In most instances, our customers do not need additional forms or schedules filed on their behalf. But for those customers with more complex tax situations, we do our best to make the pricing as clear as possible.[back to top]
Can you file Form 1120S for my S-corp and how much would it cost?
We can file the tax documents for all types of small businesses including an S-corp. Specifically for an S-corp, you would file using Form 1120S and then report the income on a K-1 along with your personal tax return. In this case, we would charge $485 to complete Small Business Tax Returns (Forms 1065, 1120, 1120-F, 1120-S) and $485 to complete your 1040 and the associated forms, including the K-1.[back to top]
Do you have a referral program?
We do! If you refer one of your friends using our Refer-A-Friend program and they complete their US taxes with us, we give you $25 off tax prep services. It’s that simple!
Even better, we will do this for each friend you refer who uses us to prepare their taxes. If two of your friends decide to work with us, then that’s $50 off tax prep for you. If six of your friends decide to work with us, you will get $150 off tax prep! There is no limit to the number of friends you can refer to Greenback, and the reward will be sent the month following when your friend completes his or her return.[back to top]
Do you offer American expat tax consultation or tax planning services?
Expat tax advice can be hard to come by, and for those living abroad, getting solid advice is important so that you can plan appropriately. We offer tax planning and advice services in order to help answer your questions and help you make smart tax planning decisions while living abroad.
If you have a specific question on personal or business tax returns, our accountants are on hand to offer consultations on these matters. The fee for these services is $150 for 30 minutes.[back to top]
Does Greenback add sales tax or VAT?
Here at Greenback, we work very hard to keep our prices as low as possible for our clients. In addition to our flat fees, one of the bonuses of working with Greenback is that we do NOT charge sales tax or VAT.
This means you automatically save about 20% just by choosing Greenback compared to a firm in Europe, Australia, or Canada![back to top]
How can I spread the word about Greenback Expat Tax Services?
There are multiple ways to spread the word about Greenback. You can head on over to our Facebook page, give us a “Like” and share your experience with your friends and why they should use us for their US expat taxes.
You can refer us directly to your friends via our Refer-a-Friend Program, and when your friends complete their taxes with us, we will send you $25 off tax prep services for each friend as a thank you!
If you are a member of any expat groups (or just groups that have lots of expats), put up a post on their website or intranet letting them know about us. Make sure they know to tell us that you referred them!
Remember, we love feedback – positive and constructive! The best place to provide us with feedback is via our Customer Review Page. Please feel free to tell us what you did and did not like about your experience as we always welcome suggestions for improving our process.[back to top]
How can you guarantee satisfaction with your US expat tax services?
At Greenback we stand behind our services 100%. Your final return will not be uploaded until you have confirmed that you are satisfied with the draft return provided by your accountant. As an additional measure of comfort, we offer a 100% money-back guarantee in the event that you are unsatisfied with your return preparation.[back to top]
How do you treat employer contributions to the Australian superannuation plan?
The Australian superannuation fund often causes confusion for American expats residing in Australia, especially when it comes time to report it on your US returns! One of the biggest questions we receive is how the employer contributions are treated.
Employer contributions should be treated like compensation. So, for foreign tax credit purposes, it will fall in the general income category. These contributions would need to be included in the return as income. If you are considered a highly compensated employee, some additional rules apply.
A highly compensated employee is currently an individual receiving salary of $110,000 or more. In this case, you should also look to include the growth in the fund (earnings minus expenses) in addition to the contributions. Fortunately, a foreign tax credit can be claimed for the 15% contributions tax. Neither the employer contributions nor growth can be considered earned income when calculating the Foreign Earned Income Exclusion.[back to top]