There’s nothing fun about doing your taxes. Especially if you’re halfway around the world, finding a decent accountant who actually understands what needs to be reported is usually impossible. But that doesn’t mean you don’t have to file. You do. Especially if you’re American. Because Americans are taxed on their worldwide income. That’s right. Even if you’re living abroad, earning a wage from a non-US company, you still have to tell the tax man what you’ve been making.
There is good news though, the first 100k of your wages is tax-free, you just need to report it. This guide has a little more information on what you’re responsible for. So, check it out and make sure you’re not doing something wrong. Because that’ll mean big penalties down the line when the IRS does find out.
Right. Now comes the fun part. Actually, doing your taxes. And this is where Taxes for Expats (TFX) comes in. They’ve got probably the best product on the market for American digital nomads to get their taxes done, with minimal fuss.
The team preparing your tax return are seasoned pros, who specialize in getting expatriate taxes right. That means you’ll be in the good hands of people who actually know and understand the intricacies that come with living a digital nomad life. But that’s not even the best part. The flat-fee structure means you know exactly what you’re getting, before you even start the process. That’s how taxes should be.
What I like most though is the client support.
The backend of their system has been designed with good UX in mind, and you can live-chat with their help staff for 18 hours a day. So even if you’re on the other side of the world, you will be able to find the time to actually communicate with a real person if you’ve got a question or something isn’t clear. Plus, they’ve a ton of reviews and testimonials from real clients both on their site and on their social accounts, so you can get a feel for what others think of their service.
Signing up takes all of about a minute.
Once you enter your personal details there’s a set of eight short questions to help the TFX team understand your particular situation.
The next step is to run through the Tax Questionnaire, and it’s actually a relief that I can do this online. The last time I had to run through all of this information for my accountant it was in pdfs that needed to be saved, edited and sent multiple times, and at one point I even had to print, sign and re-scan these so I could just do my return. It. Was. Not. Fun.
Here’s what it looks like on the inside, it’s all pretty straightforward, and there’s sections on both your non-US accounts you may have setup along with and income being derived from passive sources like a pension or and rents or dividends you have coming in.
Once you’ve finished the questionnaire, there’s a section that allows you to upload and supporting documents needed, and here’s also where you can see the actual tax return the TFX team have prepared for you along with any filing instructions.
The whole process is straightforward, and designed to walk you through every step with minimal effort on your part. Which makes it super easy to do your taxes. You just create an account, add in a little detail, and then schedule a call with one of their tax experts. They’ll go through your case in a little more detail to make sure you’re a perfect fit. Then it’s just a matter of completing your tax questionnaire which you fill out online, approving the work and they’ll do the rest. It’s that easy.
All up, I don’t think I’ve seen a simpler system for American digital nomads to get their taxes done. They’ve got great customer service, a UI that’s ridiculously easy to use, and experts to guide you every step of the way, for a flat, fixed fee. You’ve no excuse for not getting your taxes done. Just use Taxes for Expats and get back to what really matters. Travelling the world while making money along the way.
*note: Whilst is a sponsored post we whole-heartedly believe that you won’t find a better tax solution for American digital nomads. It’s just so damn simple.