Why are you paying an accountant?

It turns out that paying an accountant is a good defense against audits if your tax situation has any complexity at all

Sorry I assumed my question implied that was what was being asked. What is the complexity because I’ve done my own taxes for two decades, every year things are nuanced and slightly different. Never have I used an accountant.

> What is the complexity

I send my bank statements, credit card bills and other documents to my accountant. He produces a return, together with optimisation advice for the coming year. It’s well worth the money. (I also have real estate, private equity, fund interests and emerging trust situations, and am multi-state.)

The value is:

1. You don't have to figure out which forms to file by yourself. This quickly becomes non-trivial if you run a business, take a lot of deductions, or have weird forms of income.

2. The IRS sees that your return was prepared by a professional, so it is much less likely that they will try for an audit (since a professional will be representing you).

If your tax liability is under $100k and your return is under ~20 pages, you mostly don't need one, but an accountant also doesn't charge much either (about the same price as TurboTax).

Is it though. You're the one liable for issues on your tax return. You're the one who signed the return.

There is actually a spot on tax forms that indicate the form is being filled and filed by a 3rd party.

Sure, and penalties might not be assessed. But that doesn't stop you from being liable for the unpaid taxes.

If you file a complicated tax return and the "prepared by" line is not a CPA, you get targeted as someone who probably did something wrong. The IRS is more likely to go for you.

It's pretty complex actually. There are multiple ways to avoid double taxation, but each have their own nuances and limitations (that can extend for years). Ideally you'd complete the return for each scenario and compare across them.

I value my time. Learning the details of totalization agreements regarding ss contributions vs public retirement contributions for US vs. Ireland is not how I want to spend it.

I used this in the past for a relatively complex US/foreign situation: https://www.myexpattaxes.com/

No affiliation or anything.

Have you not found what you need(ed) here (by filtering for expat specifics): https://apps.irs.gov/app/freeFile/browse-all-offers/ ?

Which forms have been driving the need for that? I'm assuming you've tried and found lacking the standard tax software recommendations among expats.

Why is software necessary at all? In the Philippines, if you are registered with eFPS, and have an account in one of the accredited banks, nothing is needed except a web browser.

I’m not sure what you mean by custom non-browser software. It wasn’t something I intended to refer to.

Then it is a misunderstanding on my side.

For me, it wasn't the forms, but live person's advice about murky sections of the tax code. I used taxesforexpats.com

Makes sense. I used to prepare taxes so I appreciate the value of human insight there. I also have contempt for the industry because so few practitioners will teach easy cases to fish, or refrain from optimizing a return when the cost of prep exceeds the amount saved. (Not saying your situation is easy; it’s not.) Plus I do think it’s time the IRS stepped up automation for simple returns.

How much are you paying? I have a good accountant that does my ex-pat taxes for $250

Could you refer this accountant for expats? :)

email me [email protected]

$3k for just US returns

Have you tried filtering for what you may need here: https://apps.irs.gov/app/freeFile/browse-all-offers/ ?

I have used Taxes For Expats for years and have been satisfied with their software and level of service, however for my particular case they cost several hundred dollars per return.

BrightTax worked well for me for several years where i was abroad