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US Tax

Expatriate US citizens paying US taxes have never faced a more complex regulatory environment. Now more than ever, you need the quality of specialist help Buzzacott can provide to manage cash-flow, protect wealth and ensure compliance.

Thanks to the experience and broad-spectrum expertise of our 40-strong team, Buzzacott is particularly well equipped to help, whether you are an individual, a trustee or small business owner.

We can prepare your Federal and State tax returns, tell you how much tax you need to pay and what opportunities you have to save money.  Being qualified for both jurisdictions, we can prepare the US and UK returns to ensure your tax position is fully integrated, and your affairs managed so that the right amounts are paid to the right authorities at the right time.

Buzzacott also helps companies employing US taxpayers or sending employees to the US. As well as preparing their tax returns, we can advise on the income tax and social security implications of their package, on tax equalisation and the responsibilities involved in operating payrolls simultaneously in the UK and US.

News

IRS agrees remittance charge treatment
US Internal Revenue Service now accepts payment of the UK remittance basis charge as a creditable foreign income tax.

IRS allows Remittance Basis Charge to be creditable
Good news for US clients as it may change their decision on whether to pay the RBC in the future.

How not to catch a cold in the American sun
Foreigners considering the purchase of a property within the U.S face a complex web of tax reporting requirements

Final hour agreement over 2011 tax rates
On Friday afternoon President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.

Insights

Year End Insight for US Taxpayers
Routine year end planning for US taxpayers

How US citizens can make the most of UK pensions changes
Changes to UK pensions announced in April 2011 have presented US citizens with an opportunity to reduce their tax burden

FBAR due on 30 June 2011
US citizens and those resident in the US need to file an FBAR.

Year End Insight for US Taxpayers
It is important to maximise any tax planning opportunities in order to minimise UK tax liabilities.