Before we are started our online service, we asked over 1000 Americans living abroad what they wanted from an online tax service.
They said our online service had to be great value, fun and easy. Well, we think we’ve done a top job on the price and we’ve made it super-easy. We didn’t make it fun, sorry.
Our CPAs and EAs that are managing your tax return must be experienced in US and Canadian tax returns with many years experience from an international perspective, not just local taxes, the differences are significant.
Fair prices that are clearly displayed, no extras piled on top, you only pay the first price and that’s it. If you’re not satisfied with the service, we’ll give you a refund, 100% of it.
You're concerned about uploading your private documents over the internet? We are too! We only use Tresorit, where 1000 hackers were paid to hack in and they all failed.
Foreign bank accounts that peak over $10,000 in a given tax year have to be reported too. The amount isn't taxed, but it must be reported. A Statement of Foreign Assets (8938) also needs to be filed when you own foreign assets over a certain value.
Additional Child Tax Credits are refundable; if you have children under 17 years old and you're paying tax in Canada or the United States you need to aware of Additional Child Tax Credits. You could be eligible for up to $1,000 per child, per year.
The tax treaty the United States hold with Canada is designed to protect US citizens from paying double tax, certainly to a large extent anyway. With low to medium incomes, the tax rate is roughly the same between Canada and the States whereas high-income earners will typically pay more tax in Canada.