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Tax Professional Request

Tax Professional Request

Old Dec 30th 2009, 4:29 pm
  #1  
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Default Tax Professional Request

Hi all, I'm a newbie to the forum, and first off I should say how useful it is to have a forum such as this.

My question about tax is really a very simple one, I'm looking to find a recommended tax accountant in the San Francisco area (Palo Alto ideally) who is experienced in dealing with tax affairs of UK expats. I will be moving there in Q1 2010 (on a green card) and will def need someone to handle my tax affairs, including... self employed income whilst in the US from a UK-based client, a property in UK which will be rented out while I am in US. I will be looking for the most tax-efficient way to get that income from my UK-based client (currently in the UK it goes via an umbrella company into an offshore trust from which I get occasional lump sum payments).

My family situation is married with a young child and while my wife has no earnings now she may want to work when we get to US, plus we put some money into a trust account for our child in the UK. Its a potentially complicated lot that I really would need an expert working on. Any recommendations of DECENT, HONEST, and KNOWLEDGABLE tax accountants will be much appreciated.

Any advice or recommendations most welcome, thanks
:-)
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Old Jan 5th 2010, 4:51 pm
  #2  
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Default Re: Tax Professional Request

Hi: go to www.naea.org and click on "find an enrolled agent". You can specify your location, and select international tax as the specialty.

Enrolled Agents are the only tax professionals tested by IRS on their knowledge of tax law and regulations. They provide tax preparation, representation, tax planning and other financial services to millions of individual and business taxpayers. EAs adhere to a code of ethics and professional conduct and are required by the IRS to take Continuing Professional Education. Like attorneys and CPAs, Enrolled Agents are authorized to represent taxpayers in matters before the IRS.
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Old Jan 6th 2010, 12:26 pm
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Default Re: Tax Professional Request

WE have used a foreign tax specialist here since 1992. We live here now and still use them as we have overseas interests still. They have great knowledge of many expat country tax rules including GB and Ireland.
I can supply name if you want it. Recommend them totally.
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Old Feb 1st 2010, 5:58 am
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Default Re: Tax Professional Request

Originally Posted by dingram View Post
Hi all, I'm a newbie to the forum, and first off I should say how useful it is to have a forum such as this.

My question about tax is really a very simple one, I'm looking to find a recommended tax accountant in the San Francisco area (Palo Alto ideally) who is experienced in dealing with tax affairs of UK expats. I will be moving there in Q1 2010 (on a green card) and will def need someone to handle my tax affairs, including... self employed income whilst in the US from a UK-based client, a property in UK which will be rented out while I am in US. I will be looking for the most tax-efficient way to get that income from my UK-based client (currently in the UK it goes via an umbrella company into an offshore trust from which I get occasional lump sum payments).

My family situation is married with a young child and while my wife has no earnings now she may want to work when we get to US, plus we put some money into a trust account for our child in the UK. Its a potentially complicated lot that I really would need an expert working on. Any recommendations of DECENT, HONEST, and KNOWLEDGABLE tax accountants will be much appreciated.

Any advice or recommendations most welcome, thanks
:-)
If you arrived in the USA on Green Card, you will be considered as Resident from income tax perspective. And since you are US Resident, your worldwide income is subject to US (and CA) income tax. So you will need to report all your self-employmenent (regardless of location), foreign rental income, bank interest (regardless of location) on your US income tax. Assuming that you will be CA resident, they will be reportable and taxable to CA as well. A consolation is that you may claim some foreign tax credit to offset your US tax if your foreign-source income is also taxed by a foreign govt.

I am an EA. Let me know if you have other question.

Last edited by meauxna; Feb 1st 2010 at 7:28 am.
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