US Expat Tax Accountant: The Pros & Cons

July 11, 2022 | | 3 minute read
Expat Tax Blog. Tax Tips for US Americans abroad.

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Filing taxes from abroad has its frustrations. It’s no surprise that many expats start looking for a US Expat Tax Accountant who understands expat taxation. Once the search begins, however, the questions start. 

How much should I pay? Where do I find someone? How do I know they will do it correctly?

We here at MyExpatTaxes believe you should have all of the information before deciding who to trust with your taxes abroad. Therefore, we’ve put together the pros and cons of using a US Expat Tax Accountant.

Pro: A US Expat Tax Account is Personal

There is nothing like one-on-one personal attention. When hiring an accountant to file your US expat taxes, you’ll get that. Depending on whom you hire, you may even be able to have a video session with your accountant to answer your most nagging expat tax questions! 

Con: Personal Attention means a Higher Pricetag

Yup. All that personal attention is going to come with a higher price tag, especially if you want to be able to discuss your taxes with your accountant. 

The Good News

You can get personal attention AND pay a fair price. The Premium Plan from MyExpatTaxes lets you work step by step with an accountant. It also includes forms such as FATCA and FBAR, state filing, and a personal video conference with your tax consultant! All of this for just Є499. Compare that offer to a service such as Greenback Expat Taxes or a private accountant and you’ll quickly pay over $1k or more. 

Pro: It’s Easier to FIle From Abroad Hiring an Accountant

The first pro is the obvious one. Hiring a tax professional will make your life easy. Just supply all the necessary documents and answer a few questions. The rest is done for you. In the end, approve and sign. Off your tax return goes to the IRS.

Con: Easy Isn’t Always Better

Yup. At first glance, using a personal accountant may seem like a guarantee of success. But how can you be sure your tax return will be filed to your liking? Unless you’re well versed in US tax law, you’ll need to put your trust (and finances!) in this person’s experience. 

The Good News

At MyExpatTaxes, our tax professionals work strictly with expat taxes. This focus, gives them a one-up on accountants who may just do expat taxes occasionally. 

Pro: E-Filing From Abroad

Depending on whom you go with, you may be able to e-file your tax return with your US expat tax accountant. Whether or not they can depend on if they have been approved by the IRS to e-file, in addition to the complexity of your return. 

Con: E-Filing From Abroad

Yeah, we know. It’s both a pro and a con. Not every US Expat Tax professional can e-file your return. Make sure you check on this with them BEFORE you start working with them.

The Good News

You guessed it! At MyExpatTaxes, we can file up to 99% of our client’s tax returns from abroad. Not too shabby. Even our DIY clients are equally eligible for e-filing

Pro: Expert Support

There is little like the confidence of getting your taxes done on time and with confidence. By hiring an expert, you count on quick processing of your filing. Additionally, should you have the opportunity to ask questions, you can be better prepared when making future financial decisions that could impact your US taxes. 

Con: False Sense of Security

Just because someone may call themselves an expat tax specialist doesn’t mean they understand the unique ins and out of expat taxes.

The Good News

MyExpatTaxes is by expats for expats! Led by our CEO Nathalie Goldstein, who is not only an expat herself, she’s also an IRS Enrolled Agent. It’s the highest level of recognition given out by the internal revenue service. Moreover, she is a Forbes Financial Council member and regular contributor to expat tax publications and was recognized as Forbes 30 under 30 this year. 

Pro: Customer Reviews to Utilize

One way to establish if the US Expat Tax Accountant you’re considering hiring could be a good fit is by checking out their online reviews. Larger companies should have several reviews from a variety of satisfied clients. 

Con: Lack of Reviews

Smaller organizations or newer accountants may have few online reviews from clients. Be careful, especially if they only have a handful, as those could be easy to fake.

The Good News

MyExpatTaxes has over 1,000 4 & 5-star reviews across trustworthy platforms, including TrustPilot, Google, and Facebook. After reading this article, suppose you’re still not 100% convinced that MyExpatTaxes is the best choice for your US expat tax accountants. In that case, I highly recommend browsing our reviews and hearing from our customers directly. 

The Tax Pros at MyExpatTaxes are here to help!

Whether you are looking for a personal expat tax accountant, you want to file yourself with our software, or you’re still considering other services like Greenback, TFX, or a private accountant, we are always happy to help answer your questions and put your mind at ease. 

Should you need more to convince you, we’ve put together a side-by-side comparison of our competitors to prove once and for all that MyExpatTaxes is all the US Expat Tax Accountant you’ll need!

Written by Ellen M

July 11, 2022 | | 3 minute read

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