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-   -   US Tax accountant (https://britishexpats.com/forum/usa-57/us-tax-accountant-916740/)

bartholemues Aug 31st 2018 11:37 pm

US Tax accountant
 
Can anyone please recommend an accountant for US tax returns? The main challenge I'm facing is how to treat my wife's UK limited company. It's ceased trading at this point but is likely to have a few transactions this year. Will the online companies be able to assist with this? I'm in NY but don't mind if the accountant is located elsewhere.

Thanks :)

thinkscientist Mar 27th 2019 2:07 am

Re: US Tax accountant
 
Did you ever find an accountant in the NY area to assist?

Hotscot Mar 27th 2019 2:31 am

Re: US Tax accountant
 
What do you feel is the main challenge?
You may not really need an accountant but I do understand if you feel you do.

Are you both US tax residents?

thinkscientist Mar 27th 2019 2:23 pm

Re: US Tax accountant
 

Originally Posted by Hotscot (Post 12661196)
What do you feel is the main challenge?
You may not really need an accountant but I do understand if you feel you do.

Are you both US tax residents?

My main challenge is that I have UK rental income in 2018, that I need to put on my US tax return. ( Jan 2018 - Dec 2018 ).

Since this is my first year of being classified as a permanent resident in the US and the UK tax year runs on a different schedule I have paid HMRC taxes on that rental income for the UK tax year ( Apr 2017 - Apr 2018 ).

I am now struggling with what I tell the IRS I already paid in taxes to HMRC already so I'm not taxed twice.

What makes it more complex is because I was living in the US from October 2017 onwards, I got a tax refund from HMRC for overpaying through PAYE from my job in the UK earlier in the UK tax year ( Apr 2017 - Apr 2018 ).

Hotscot Mar 27th 2019 3:06 pm

Re: US Tax accountant
 
You need to declare all UK sourced income as you probably know.

And have a look at this so that you can avoid double taxation.
https://www.irs.gov/individuals/inte...ign-tax-credit

There are also several recent thread on tax credits that you can search


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