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Finding a good tax accountant - Roosh - 01-15-2015 06:51 PM

So I'm looking for a new accountant, since mine went MGTOW and moved out of the country to live in a beach in Latin America. His replacement from the firm hasn't been as prompt.

I need one American based accountant who uses email and doesn't need to meet me in person. Any recommendations or sites I can use? If you don't want to share your accountant publicly, you can drop me a PM.


RE: Finding a good tax accountant - Vronsky - 01-15-2015 07:44 PM

I can't recommend anyone as I'm also looking for one myself. Just incorporated a bricks and mortar business and need an accountant for year end returns and tax advisory purposes. I didn't care for the accountant my business lawyer recommended to me so I sent out word to my network that I'm looking.
An acquaintance recommended one for me, someone who has a lot of years of experience but has a CMA designation instead of a CA (gold standard). What is the difference between the two?. If a CA files my taxes for me and some irregularity is found is he liable?. If anyone knows of a good accountant in the Greater Toronto Area please let me know as well.


RE: Finding a good tax accountant - Windom Earle - 01-15-2015 10:15 PM

(01-15-2015 07:44 PM)Vronsky Wrote:  If a CA files my taxes for me and some irregularity is found is he liable?.

I doubt any accountant would be personally liable for what you indicate on your tax return, even if they inadvertently did something wrong.

If you're signing it upon completion, you're stating that it's true and correct, accepting your own liability.

By the way, anyone who is Australian based can PM me for details of the guy I use. Absolute maximum refunds, without a doubt (phone appointments ok too). I'm an accountant also, but I specialise in insolvency, not tax.


RE: Finding a good tax accountant - dontuan - 01-16-2015 03:39 AM

(01-15-2015 10:15 PM)Windom Earle Wrote:  
(01-15-2015 07:44 PM)Vronsky Wrote:  If a CA files my taxes for me and some irregularity is found is he liable?.

I doubt any accountant would be personally liable for what you indicate on your tax return, even if they inadvertently did something wrong.

If you're signing it upon completion, you're stating that it's true and correct, accepting your own liability.

By the way, anyone who is Australian based can PM me for details of the guy I use. Absolute maximum refunds, without a doubt (phone appointments ok too). I'm an accountant also, but I specialise in insolvency, not tax.

I use these guys and their really good. They even offer audit protection in case of the very remote possibility you get picked on.

https://www.onlinetaxman.com


RE: Finding a good tax accountant - TheBulldozer - 01-16-2015 04:45 AM

^Thanks. What is their fee structure like?


RE: Finding a good tax accountant - Cheetah - 01-16-2015 05:22 AM

Quote:moved out of the country to live in a beach in Latin America

What a surprise. Don't tell your next accountant about anything red pill. Just be unspecific saying you are a social psychology author or something.


RE: Finding a good tax accountant - swiss rabbit - 01-16-2015 08:33 AM

I've been a long long long-time lurker, finally described to subscribe. I'm a CPA living abroad now, I can give you a free consultation or advice on what prices should be. In general, you may already know you're most likely eligible for a Foreign Earned Income Exclusion of roughly up to 100k. Since you're working for yourself, it may not apply to you unless you pay yourself out a salary from your company. Aside from that, you can use a foreign tax credit if you paid foreign taxes to cancel out your U.S. tax liability. Additionally, you may be exempt from self-employment taxes relating to FICA/Social Security if you're living in a country that has a "totalization agreement" with the U.S. (so you pay social security only in your country of residence).

For a U.S. expat who has all their documents in order, the cost should be between $289-$489. If you had a balance of greater than $10k in any foreign bank account at any time of the year, you also need to file a FBAR (Foreign Bank Account Report, which you can easily file yourself).


RE: Finding a good tax accountant - swiss rabbit - 01-21-2015 11:05 AM

xx


RE: Finding a good tax accountant - Menace - 01-21-2015 11:10 AM

(01-15-2015 06:51 PM)Roosh Wrote:  So I'm looking for a new accountant, since mine went MGTOW and moved out of the country to live in a beach in Latin America. His replacement from the firm hasn't been as prompt.

I need one American based accountant who uses email and doesn't need to meet me in person. Any recommendations or sites I can use? If you don't want to share your accountant publicly, you can drop me a PM.

Roosh I can recommend one, he's in Rockville. Big Grin I think he's familiar with international issues as he's done work for my ex. I'll send you a PM.


RE: Finding a good tax accountant - TheBulldozer - 02-03-2015 08:23 PM

Going to have a consultation with OnlineTaxMan.

I'll keep you updated with how it goes.


RE: Finding a good tax accountant - jimukr104 - 02-04-2015 11:48 AM

(01-16-2015 08:33 AM)swiss rabbit Wrote:  I've been a long long long-time lurker, finally described to subscribe. I'm a CPA living abroad now, I can give you a free consultation or advice on what prices should be. In general, you may already know you're most likely eligible for a Foreign Earned Income Exclusion of roughly up to 100k. Since you're working for yourself, it may not apply to you unless you pay yourself out a salary from your company. Aside from that, you can use a foreign tax credit if you paid foreign taxes to cancel out your U.S. tax liability. Additionally, you may be exempt from self-employment taxes relating to FICA/Social Security if you're living in a country that has a "totalization agreement" with the U.S. (so you pay social security only in your country of residence).

For a U.S. expat who has all their documents in order, the cost should be between $289-$489. If you had a balance of greater than $10k in any foreign bank account at any time of the year, you also need to file a FBAR (Foreign Bank Account Report, which you can easily file yourself).
Out of curiosity do they still expect a FBAR if the money was put there temporarily because of sold RE and waiting for wiring back to the states?


RE: Finding a good tax accountant - TheBulldozer - 02-04-2015 07:01 PM

I was told that if you are a signer on a foreign account and you exceed 10k at any point, for any reason then you must submit a FBAR.

Don't know about an escrow type of situation, however. Best not to take my answer as the final word.


RE: Finding a good tax accountant - Richiavelli - 02-05-2015 11:18 PM

(02-04-2015 11:48 AM)jimukr104 Wrote:  
(01-16-2015 08:33 AM)swiss rabbit Wrote:  I've been a long long long-time lurker, finally described to subscribe. I'm a CPA living abroad now, I can give you a free consultation or advice on what prices should be. In general, you may already know you're most likely eligible for a Foreign Earned Income Exclusion of roughly up to 100k. Since you're working for yourself, it may not apply to you unless you pay yourself out a salary from your company. Aside from that, you can use a foreign tax credit if you paid foreign taxes to cancel out your U.S. tax liability. Additionally, you may be exempt from self-employment taxes relating to FICA/Social Security if you're living in a country that has a "totalization agreement" with the U.S. (so you pay social security only in your country of residence).

For a U.S. expat who has all their documents in order, the cost should be between $289-$489. If you had a balance of greater than $10k in any foreign bank account at any time of the year, you also need to file a FBAR (Foreign Bank Account Report, which you can easily file yourself).
Out of curiosity do they still expect a FBAR if the money was put there temporarily because of sold RE and waiting for wiring back to the states?
Yes.

"the aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year reported."
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Report-of-Foreign-Bank-and-Financial-Accounts-FBAR

FYI I am also a CPA and can confirm the Foreign Income Credit and Foreign Tax Credit do exist. The FBAR form is now called the FINCEN 114 and can be filed online pretty simply. It's worth noting that the penalties are EXTREMELY stiff for missing an FBAR or other foreign filing from recent legislation (so don't forget).


RE: Finding a good tax accountant - redbeard - 07-16-2015 12:48 PM

Bump.

Did anybody end up going with Online Tax Man? Pros/Cons?

I am looking for a small scale accountant who will help me manage personal taxes as well as LLC write offs for small business. Not too much work required, so a cheap internet solution like this or 1800Accountant seems like an OK deal.


RE: Finding a good tax accountant - CleanSlate - 07-16-2015 01:01 PM

Perfect timing. It's amazing how threads tend to pop up from 6 months ago just when you need them.

I'm looking for a CPA as well. Preferrably someone who can do everything via email.

Interested to know any experiences with onlinetaxman.com.


RE: Finding a good tax accountant - redbeard - 09-16-2017 11:12 PM

Haha, two years later I'm back in this thread. This time I need an accountant for real, last time was just thinking.