- Additional Schedule C – $100 (Sole Proprietor)
- Additional Schedule D – $100 (for up to 20 accounts)
- Additional Schedule E – $75 (income or loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs)
- Schedule F – $115 (Profit or Loss from Farming)
- Schedule K-1 – $60 (each additional after the 3 included in the base price)
- Treaty Based Return Position Disclosure – Form 8833 – $85
- Canadian Registered Retirement Savings Plans – Form 8891 – $85
- Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts – Form 3520 – $400
- Foreign Trust with a US Owner – Form 3520a – $400
- Information Return by a Shareholder of a Passive Foreign Investment Company (PFIC) with distributions – Form 8621- $250
- Information Return by a Shareholder of a Passive Foreign Investment Company (PFIC) without distributions – Form 8621- $165
- Annual Expatriation Statement – Form 8854 – $385
- Report of Foreign Disregarded Entities – Form 8858 – $300
- Return of US Persons With Respect to Certain Foreign Partnerships – Form 8865 – $400
- Return of US Persons With Respect to Certain Foreign Corporations – Form 5471 – $550
- US Transferors of Property to a Foreign Corporation – Form 926 – $115
- Information Return of a 25% Foreign-Owned US Corp – Form 5472 – $215
- US Gift Tax Return – Form 709 – $400
- Short Form Return of Organization Exempt from Income Tax – Form 990-EZ – $400
- Additional bank/brokerage accounts listed on tax return – $25 for each additional 5 accounts (20 already included in our flat federal tax return prep fee)
- Federal Tax Return Review – $125
- State Tax Return Review – $125
- Amended Tax Returns – $485
- ITIN Processing – $295 (Each additional – $150)
- Foreign Corporation Repatriation Tax – $600
- Application for Change in Accounting Method – Form 3115 – $435
- Entity Classification Election – Form 8832 – $150
- US Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI) – Form 8992 – $600
- Small Business Return including 962 Election – $885
- LLC Form 5472 – Corporate Return for US LLCs with Foreign Owners – $350
- Dormant 5471 – $250
Pricing & Billing FAQ
If I renounce my US citizenship, am I free from US taxes?
The answer to this question is maybe!
When the Heroes Earnings Assistance and Relief Tax Act of 2008 passed through Congress, the possible financial consequences of renouncing your citizenship changed a bit. This act imposes an exit tax above and beyond standard US expat taxes on covered expatriates who surrender their US citizenship. You are considered a covered expatriate and subject to the exit tax if you meet three conditions:
- Your average annual net income tax for the 5 years prior to the date of expatriation is more than a certain amount that is adjusted for inflation each year ($155,000 for 2013, $157,000 for 2014 and $160,000 as of 2015).
- Your net worth is $2 million or more on the date of your expatriation.
- You fail to certify on Form 8854 that you are fully compliant with your US tax obligations for the 5 years preceding the date of your expatriation.
If these conditions do not apply, you will not be subject to additional US taxes after you officially renounce your citizenship.
Will I be impacted by Obamacare as a US expat?
Expats can qualify for exemption from Obamacare by proving their residency in another country. Generally, if you qualify for the Foreign Earned Income Exclusion, you satisfy the minimum essential requirements of Obamacare (also known as the Affordable Care Act). To qualify for exemption, you must pass one of the two residency tests:
- The Physical Presence Test – To qualify for this test, you must be physically inside a foreign country for 330 days in any 365-day period.
- The Bona Fide Residence Test – To be considered a bona fide resident of another country, you must reside in a foreign country for at least one full year and have no immediate intentions of returning to the United States permanently.