At TFX we've been doing taxes for U.S. expats for over 25 years
Expat taxes are complicated. Seriously.
Every precaution recommended by the IRS & more
Clear, transparent process. Thorough & well-thought-out
IRS restructuring & reform act of 1998 protects taxpayers
Trusted by tens of thousands of clients worldwide
Which should you hire and why?
We stand by our work — year in, year out.
If you have years of experience with expat tax, get in touch!
Live webinar with Q&A — join & ask questions!
Easy process with an expert tax preparer
No matter where you reside — you must file US tax returns
No matter where you reside — you must file US tax returns
TFX helps non-US aliens or Green Card holders file returns
Discover the average cost of tax return preparation for you
Get started call with tax preparer
High-level phone consultations with experts
Scary letter from the IRS? TFX can help
Selling stocks? New job? Make educated financial decisions
Easily determine your US tax residency status
New filing requirements for foreign owners of U.S. LLC
To report ownership in Foreign Corporations
Amnesty program for those residing in the states
U.S. tax requirements of non-US e-commerce merchants
Discover the average cost of tax return preparation for you
Form 1040 federal tax return package
For those with additional income sources beyond the core package.
For those who have not filed and want to become compliant with amnesty from penalties.
At TFX we've been doing taxes for U.S. expats for over 25 years
Expat taxes are complicated. Seriously.
Every precaution recommended by the IRS. And then some
Clear, transparent process. Thorough & well-thought-out
IRS Restructuring & reform act of 1998 protects taxpayers
Trusted by tens of thousands of clients worldwide
Which should you hire and why?
We stand by our work — year in, year out.
If you have years of experience with expat tax, get in touch!
If you have years of experience with expat tax, get in touch!
Many imitators, only one TFX. Ask the tough questions
Specific use cases & scenario analysis
Top notch customer service is core to TFX
We are the best at what we do and we’re here to help you
Easy process with an expert tax preparer
No matter where you reside — you must file US tax returns
No matter where you reside — you must file US tax returns
TFX helps non-US aliens or Green Card holders file returns
Discover the average cost of tax return preparation for you
Get started call with tax preparer
High-level phone consultations with experts
Scary letter from the IRS? TFX can help
Selling stocks? New job? Make educated financial decisions
Easily determine your US tax residency status
New filing requirements for foreign owners of U.S. LLC
To report ownership in Foreign Corporations
Amnesty program for those residing in the states
U.S. tax requirements of non-US e-commerce merchants
Discover the average cost of tax return preparation for you
Form 1040 federal tax return package
For those with additional income sources beyond the core package.
For those who have not filed and want to become compliant with amnesty from penalties.
Good recordkeeping can cut your taxes and make your financial life easier.
How long to keep records is a combination of judgment, state, and federal statutes of limitations. Since federal tax returns can generally be audited for up to three years after filing and up to six years if the IRS suspects underreported income, it is wise to keep tax records for at least seven years after a return is filed. Requirements for records kept electronically are the same as for paper records.
Record | Retention period |
---|---|
Tax returns (uncomplicated) | 7 years |
Tax returns (all others) | Permanent |
W-2s | 7 years |
1099s | 7 years |
Cancelled or substitute checks supporting tax deductions | 7 years |
Bank deposit slips | 7 years |
Bank statements | 7 years |
Charitable contribution documentation | 7 years |
Credit card statements | 7 years |
Receipts, diaries, logs pertaining to tax returns | 7 years |
Investment purchase and sales slips | Ownership period + 7 years |
Dividend reinvestment records | Ownership period + 7 years |
Year-end brokerage statements | Ownership period + 7 years |
Mutual fund annual statements | Ownership period + 7 years |
Investment property purchase documents | Ownership period + 7 years |
Home purchase documents | Ownership period + 7 years |
Home improvement receipts and cancelled checks | Ownership period + 7 years |
Home repair receipts and cancelled checks | Warranty period for item |
Retirement plan annual reports | Permanent |
IRA annual reports | Permanent |
IRA nondeductible contributions (Form 8606) | Permanent |
Insurance policies | Life of policy + 3 years (Check with your agent. Liability for prior years can vary.) |
Divorce documents | Permanent |
Loans | Term of loan + 7 years |
Estate planning documents | Permanent |