/ expat tips

Creating a Stress-Free Tax Solution for U.S. Expats

The Story

Imagine being an American who just left the United States for a new career and life with your soul mate who happens to be an Austrian citizen. You’re filled with different emotions but mostly excited to start a life in Europe. Then when tax season starts full force in March you realize that even though you’re a U.S. citizen living abroad, you still have to file your taxes. How do you know this? Your U.S. passport clearly states that every American, regardless of where they live, must complete their yearly tax-filing obligation to the IRS. You groan.

Nathalie Goldstein from San Jose, California lived out this exact experience. As an American who just moved to Vienna, Austria, she knew that along with adjusting to expat life and a new culture, she had to fit in doing U.S. taxes as well. This task usually results in anxiety, confusion and ultimately panic, but it is something U.S. Americans living abroad MUST DO or else they have to deal with nasty fines. One penalty is having to pay $10,000 for not reporting your foreign bank account details to the IRS. Yikes!

Typically, expats pay a tax professional to help them with their U.S. taxes abroad.  Nathalie paid over $500 for someone to do her taxes, but it turned out to be a disaster; first, there was a lot of paperwork that had to be filled out and sent back and forth. The firm filed her taxes late, resulting in penalties and fines that she had to pay. And on top of it all, the tax professional mistaked Austria for… you guessed it, Australia (rookie mistake).

As you can imagine, Nathalie was stressed out as I’m sure anyone would be. Doing taxes is the last thing on an expat’s mind not to mention, U.S. taxes are not the easiest thing to do. There is a lot of difficult terminology and complicated forms involved that the non-tax professional is just not equipped to understand. Perhaps this is why there are a lot of famous quotes from celebrities on the dreaded tax job everyone needs to do because it’s just so darn difficult.

“This is a question too difficult for a mathematician. It should be asked of a philosopher"(when asked about completing his income tax form)” ― Albert Einstein

A Solution to U.S. Expatriate Taxes

These miserable events with the big U.S. tax firm inspired Nathalie to do something about her situation: realizing her love for numbers and a passion to help American expats (like herself), Nathalie did something new. She went to took the IRS exams to become an enrolled agent and partnered with two engineering masterminds, Markus Finster and Joachim Niederreiter. The three of them worked together to create something pretty cool: [MyExpatTaxes] the world’s first expat tax solution software where customers can do their U.S. taxes stress-free and in under 30 minutes online.

Expat Stories

I never thought filing taxes could be this simple! I was so stressed out trying to figure out everything on my own for the first time, but with My Expat Taxes, I didn't have to worry at all. Nathalie was beyond helpful, and I'd readily recommend doing your taxes with My Expat Taxes to anyone for easy and hassle-free filing! Thanks again!’’ -Amber C, Vienna, Austria

The MyExpatTaxes software guides the user to walk through a set of simple questions to determine their tax profile. Once all the information is in the software prints out all your numbers and info onto the correct forms that you need to submit to the IRS. And that’s it! For simple tax profiles, this process takes 30 minutes or less, and MyExpatTaxes even got reports on people getting their U.S. taxes done in less than half that time!

As of 2019, MyExpatTaxes has officially launched a full-scale version of their tax software, powerful enough to support 70% of U.S. expat tax profiles!  Be sure to stay in the loop of the latest news and announcements by signing up for free at MyExpatTaxes.com.

Additionally, for those interested in following along expat news in English on popular European cities, check out [MyExpatCommunity], a sub-project of MyExpatTaxes.

Also, if you are planning to move abroad and need tips & tricks to organize your moving, here's your Guide to Moving Internationally.

Michelle Mock

By Michelle H. of MyExpatTaxes

You might like also these articles