Three Year Look Back

peoples discussing about financial review with the documents

We are offering to look at the last three years of tax returns. After looking at the tax returns, we will tell you how our firm might have prepared your tax returns differently.

Tax911.com has offered the Three Year Look Back to several agencies that send Americans abroad. We examined returns for one International Agency and about 20 to 25% of the tax returns we reviewed resulted in amended tax returns. The IRS will allow taxpayers to amend tax returns for the last three years. American International tax law and clergy taxes are not well understood by many tax preparers. And tax software is often unhelpful. If you have ever wondered if your return was being prepared correctly, this is an easy way to have someone review your return.

Here are four common patterns that may result in amendment opportunities for overseas American:

If you have one or two kids under the age of 16, you may be able to increase your refund by US$800-1,500/year by revoking the foreign earned income exclusion.
If you spent part of a year in the US and part of a year overseas, you may be able to increase your refund by using form 2555 to exclude some of your income.
If you received a larger than expected refund, this may because you did not properly complete the self-employment tax. Yes, some of the amendments resulted in taxpayers paying more taxes. But it is better to learn that you owe more taxes from us now than to find out from the IRS two years later!
If you are receiving frequent IRS notices or if you have doubts about how your tax return was prepared, that is a good time to get a second opinion on your tax return.

For US$75, we will look at three years of tax returns and tell you how we may have prepared your tax return differently. If you decide to amend your tax return, we will apply the US75 to the preparation fee of the amended tax return. We will not amend your tax return without giving you a price quote and getting your specific authorization to amend your tax return.

Just send us your last three years tax returns via e-mail, fax or postal mail, along with a way for us to contact you and write “3 Year look back” in the subject line. We will contact you with our suggestions for amending your return (or assure you that your returns were filed correctly).

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