Why U.S. Tax IQ?
What Tax Forms Do I Need to File Taxes?
- Form 1040 – U.S. Individual Income Tax Return
- Form 3520 – Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts
- Form 5471 – Information Return of U.S. Persons With Respect To Certain Foreign Corporations
- Form 8621 – Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
- Form 8833 – Treaty-Based Return Position Disclosure
- Form 8938 – Statement of Specified Foreign Financial Assets
- FBAR – FinCEN Form 114 – Report of Foreign Bank and Financial Accounts (note that due to an automatic 6-month extension, the deadline for filing the 2019 tax year FBAR is October 15, 2020)
US nonresidents are required to file their U.S. income tax return (Form 1040-NR) by this due date, provided they were employed and received wages subject to U.S. income tax withholding.
- Form 1040-NR – U.S. Nonresident Alien Income Tax Return
- Form 8833 – Treaty-Based Return Position Disclosure
- Form 8840 – Closer Connection Exception Statement for Aliens
- Form 1120 – U.S. Corporation Income Tax Return
- Form 5472 – Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business
- Form 1041 – U.S. Income Tax Return for Estates and Trusts
- Form 1120-F – U.S. Income Tax Return of a Foreign Corporation
- Form 5472 – Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business
I have successfully renounced my US citizenship with the excellent help and advice from U.S. Tax IQ. I was born in the US but had lived in Canada for over 50 years as a Canadian citizen. I sought their help after finding it too cumbersome to read and understand the IRS documentation. They were very professional and knowledgeable in completing my 5 years of required taxes and FBARs and in guiding me to prepare for my Loss of Nationality appointment.
After contemplating renouncing my citizenship for some time I was advised by friends to see two different lawyers downtown .I learned that the process was complicated and costly. I spent money quickly for information that was hardly worth the cost. Discouraged ,I was convinced by my accountant to retry one last time with the us tax iq. After my first interview , I realized that the process was much more simple and easy then previously advised. With Alexeys‘ help, I completed the forms and was on my way to getting things done with excellent help and much less cost. Once I completed the forms, which was far less Formation then explained in the confusing US. Website, I had my interview and was finished with the process. I wouldn’t hesitate to use this firm to help with this process and at least look at options as I know they help people who want to stay citizens. Beware of lawyers that make this way more complicated and thus expensive then it really needs to be.
When I became overwhelmed with the thought of maneuvering through the U.S. Tax code to get my U.S. Tax filings up to date I was fortunate to have U.S. Tax IQ there to walk me through everything. They took care of all of the required paperwork and filings. And when it came time to consider rescinding my U.S. Citizenship, U.S. Tax IQ was able to present me with all my options so that I could make an informed decision. I really appreciated their professionalism and thoroughness. I can't recommend them highly enough!
I have been dealing with Alexey and his team at US Tax IQ for the past two years. As a dual Citizen I had back-filing issues to address. I continue to be pleased with the professionalism and timeliness of response and insight that I receive from US Tax IQ and their very capable team.
