Service & Fees Overview of Tax Preparation Fees

Individual Expat Tax Return Federal & State Return | $425

Includes one of each: self-employment business, rental property, foreign earned income & housing exclusion, foreign tax credit, brokerage account, W-2, state return.

Some of the Forms/Schedules outside the scope of this agreement include PFICs, Claiming Tax Treaty Benefits, Statements of Specified Foreign Financial Assets, etc. Don't hesitate to contact Nicholas Hartney, EA, CAA, to obtain a quote for additional Forms & Schedules or ones not covered under the $425 flat rate agreement.

For a more comprehensive schedule of the nominal fees, please visit our original website Genesis Tax Consultants, LLC.

FBAR | $70 + $10 Per Additional Account

The Foreign Bank Account Report (FBAR) is a requirement imposed by the United States Department of the Treasury for U.S. persons to report their financial interest in or signature authority over foreign financial accounts. The FBAR is not a tax form but a tool to help the U.S. government identify individuals using foreign accounts to evade taxes or engage in other illegal activities.

ITIN: Individual Tax Identification Number Applications | $275

Includes 100% virtual application (in-person interviews available in U.K. office if desired), preparation of Forms W-7, W-7 (COA), Certificates of Accuracy and Authenticity, and phone calls to the IRS to check the status of application and resolve any potential issues.

Personal Crypto Tax Returns | ~$500-$750

Cryptocurrency taxation is unique, and many accountants do not have any experience dealing with them. We will guide you on the different nuances of tax, from asset-asset trades to airdrops, staking, and other income. This fee includes all forms and schedules as the $425 expat package. Included is a subscription with Koinly CPA where you can import all your crypto trades for all years.

If the IRS has assessed you with additional tax for unreported crypto, the fee for representation is $175 per hour and requires a retainer of $1,500.

Streamlined Filing Compliance Procedures for Failure to Report Foreign Financial Assets and Pay all Tax Due | $750

The streamlined filing compliance procedures are available to taxpayers certifying that their failure to report foreign financial assets and pay all taxes due regarding those assets did not result from willful conduct.

Tax Resolution of Back Due Taxes and Audit Representation | $175 per hour

Our organization employs a collaborative approach in assisting our clients throughout the tax resolution process. We actively engage with the Revenue Officer and taxing authorities to proactively mitigate enforced collection actions, such as tax levies and wage garnishments. Our primary objective is to implement the most advantageous resolution strategy tailored to each client's unique circumstances.