Chelsea Tax Advisors
Our Firm
Chelsea Tax Advisors provides US tax services to individuals with foreign issues. We specialize in the following types of taxpayers.
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Expatriates - US citizens and permanent residents living and working in a foreign country
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Returning Expatriates - US citizens and permanent residents who previously worked abroad and are now living in the US
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Inbound Aliens - Foreign nationals living and working in the US
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Dual Status - Foreign nationals arriving in the US or departing the US
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Nonresident Aliens (NRA) - Foreign nationals living and working in foreign countries, but have US source income
We do not accept clients who don't have foreign issues. We also don't advise on business taxes or foreign taxes.
Our Clients
New clients are generally referred to us by current clients, employer HR staff, and the Big 4 accounting firms.
Almost 60% of our client base consists of employees of Google and other Alphabet subsidiaries.
Our other clients work for companies primarily in the technology and financial services industries.
The majority of our expatriate clients reside in the United Kingdom, Switzerland, France, Ireland, Australia, Japan and Singapore. Most of our inbound clients hail from the same countries.
Our Expertise
Our staff has extensive Big 4 accounting firm experience in expatriate tax. All staff are IRS Enrolled Agents.
We are experts in:
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Foreign earned income exclusion
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Foreign tax credit
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Income tax treaties
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Passive foreign investment companies (PFICs)
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Foreign account reporting (Form 8938)
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Foreign pensions
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International social security agreements (totalization)
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Foreign payroll conversion for US tax purposes
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Tax equalization and localization
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State residency and domicile
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Disregarded foreign entities
Our staff has extensive Big 4 accounting firm experience in expatriate tax. All staff are IRS Enrolled Agents.
We are experts in:
-
Foreign earned income exclusion
-
Foreign tax credit
-
Income tax treaties
-
Passive foreign investment companies (PFICs)
-
Foreign account reporting (Form 8938)
-
Foreign pensions
-
International social security agreements (totalization)
-
Foreign payroll conversion for US tax purposes
-
Tax equalization and localization
-
State residency and domicile
-
Disregarded foreign entities
Our Services & Fees
Our fees are quoted as an all-inclusive fixed fee agreed in advance. Our fees are generally 50% less than the fees charged by the Big 4 accounting firms. The fixed fee is based on the complexity of the client's tax situation.
The fee includes the preparation of the client's federal return (Form 1040, Form 1040NR) and state return (if required), e-filing, extension requests, and all e-mail correspondence and telephone discussions necessary to complete the returns accurately.
The fee doesn’t include, and we aren't responsible for, the preparation of estimated tax calculations, foreign bank account reports (FBAR - FinCEN Form 114), foreign corporation information returns (Forms 5471, 8858, etc.), foreign partnership information returns (Form 8865), business entity returns, payroll tax returns, sales and use tax returns, and other forms not normally considered part of an individual tax return.
Contact
Due to the recent targeting of tax preparation firms by hackers and identity thieves we don't feel comfortable broadcasting the location of our firm's offices or the email addresses of our staff. The security of our clients' information is our paramount priority. Please contact us at info@chelseatax.com. We appreciate your understanding.
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