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Mission of Mir Taxes

 

We will ensure that our clients accomplish their financial goals of taxation while living abroad. The objectives are to provide the professional services in completing their tax preparation reporting requirements and ensuring compliance and peace of mind. We also strive to ensure our clients are aware of financial tools that will lead them to meeting their other future economic goals. Whether you are looking for answers or simply want more information, we believe that good communication is vital to provide excellent customer service.

 

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Read the latest topics on taxes, financial news,

and more.

SAVE THE DATE - EVENTS

 

US Expats Financial Forum

 

Event details:

Date: Wednesday, September 26, 2018.

Time: 6:00 p.m. to 9:00 p.m.

Place: ING Marnix building which is Avenue Marnix 24 1000 Brussels (entrance via Rue du Trône 1).

Price: Free entry

 

Sign up here: Please register by Monday, September 24, so that we know how many to expect.

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Bloom Where You’re Planted 

 

Event details:

Date: Saturday October 6, 2018.

Time: 10:00 AM to 5:00 PM (CEST)

Place: American Church of Paris

See more details here. 

Beware of IRS Scams!!

 

Click on the images below for different articles on how you can become a victim of a scam! ...

News Features

Read the latest

Newsletter for 2018 click here:

 

 

 

 

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What is the FBAR?

 

What is the FBAR? It refers to the FinCen Form 114, Report of Foreign Bank and Financial Accounts. It is a reporting form only without any tax implications. The Bank Secrecy Act of 1970 (BSA) established this report. 

 

The FBAR could affect most expats however it can also affect Americans residing in the United States. Read more about this report of what it entails, requirements, etc. Click here for all of the information.

 

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Expats Convert Traditional IRA to a Roth Tax-Free Using FEIE

 

Since the passage of FATCA in 2010, Americans have run into roadblocks against foreign banks in establishing retirement accounts. Americans living abroad can continue to contribute to their

retirement in U.S. based accounts into IRA accounts. Brian Dunhill, an American financial advisor based in Europe, explains how U.S. expats can continue to contribute to an IRA account without

facing the obstacles Americans are facing outside the U.S. in his article titled, "Can Expats Make

IRA Contributions?" .... that can be read here.

 

However, Americans currently holding traditional IRA or 401k accounts in the U.S. can begin to move these accounts into a Roth IRA tax-free if they are eligible for the Foreign Earned Income Exclusion (FEIE). It is very simple! If the expat is utilizing the FEIE annually, the standard deduction amount

(per the filing status) can be the total amount to be converted into the Roth IRA.

 

How does this work? (Read further....)

 

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Brussels Event - Free - US Expats Financial Forum

 

As part of the Expat Information Fair organized by ING, supported by the American Club of Brussels, join us to meet a panel of experts in US Social Security, financial planning, US taxes and Expats banking and insurance.

 

Meet our experts:

 

Jack Leuchtman will be our key note speaker. Jack is Regional Federal Benefits Officer Supervisor at the US Embassy in London and will respond to questions related to Social Security matters.

 

Dave Deruytter is the Head of Expatriates & non-residents at ING Banking and Insurance and helps Expats to settle in Belgium.

 

Brian Dunhill is Financial Planner at Dunhill Financial, with a core emphasis on concentrated positions and retirement planning for predominantly American Expats.

 

Carl Mir from Mir Taxes is dedicated to assisting US Expats be compliant with the US government with their taxes.

 

Michael Larsen is Member of the Board and Executive Committee of the ACA, American Citizens Abroad, who represent and advocate on behalf of millions of Americans residing outside the US for a residence-based taxation.

 

Event details:

Date: Wednesday, September 26, 2018.

Time: 6:00 p.m. to 7:00 p.m. Drinks to be served after the presentation

Place: ING Marnix building which is Avenue Marnix 24 1000 Brussels (entrance via Rue du Trône 1).

Price: Free entry

 

Sign up here: Please register by Monday, September 24, so that we know how many to expect.

 

Contact us if you are interested in attending this important event for free!

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Paris Event - Bloom Where You’re Planted 

 

Bloom Where You're Planted is a full-day orientation to living in Paris for English-speaking expats from around the world. Bloom is designed to create opportunities for meaningful connections with others and provide valuable insights that will enable individuals and families to grow and thrive in Paris. The event is organized by the American Church of Paris for all expats. If you are living in Paris, or visiting, attend this informative event on Saturday October 6. See more details here. 

 

Mir Taxes is proud to be one of the sponsors of this information expat event. We will be appearing in the Exhibition Hall from noon to 2:00 pm. Come and visit us! 

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Tax planning for 2018

 

Are your May flowers blooming? Especially since Tax Day has passed by? Now that Tax Day has passed for American residents, it is time to plan your strategy for 2018. Your tax situation will appear

a lot different in 2018 compared with 2017 due to the tax reform. The increase in the standard deduction could lead to fewer people itemizing.

 

Here’s a few ideas to consider while the year is still “young”:

  1. Review your federal and state tax returns with a harsher assessment, especially if you had someone prepare them for you.
  2. Review your retirement contributions and possibly increase the contributions to the retirement plans.
  3. Deductions: Are there additional deductions for 2018 you could utilize?
    1. Tax reform can affect your deductions for 2018 differently than in 2017.
    Read the rest of the article here
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Business Expats receive a reprieve on transition tax

 

The Internal Revenue Service has offered penalty, filing relief to many who are subject to the new transition tax on foreign earnings. Read the ACA's article here.

 

 

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CHS - Charitable Donation for 2018 tax year 

 

Charitable donations can be helpful during tax time. While it it too late to make that donation for 2017, make your choices before December 31 this year. Community Help Service (CHS) in Belgium can provide that tax-deduction for your US taxes, as well as your Belgium (if you live in Belgium) tax returns. CHS is an English-speaking Helpline assistance organization. Check out their website as

well: www.chsbelgium.org. Read more about this non-profit here.  

 

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Tax Reform of 2017

 

 

 

2018 Newsletters includes lots of informative tax news! See past Newsletters under the

News & Events tab. Last Newsletter of 2017 - December 2017 edition - read here!

 

Subscribe to future Newsletters...here.

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Need assistance for tax filing 2016 or past years?

 

Need to catch up? Are you been living abroad? We can help by filing through the IRS Streamlined Foreign Offshore Procedures. Gather your documents, records, receipts, etc. and get ready to file your taxes! Mir Taxes is here to help with any reporting,

questions, or issues. Contact us at info@mirtaxes.com.

MoneyCorp & Mir Taxes – partners providing the optimal in customer service!

 

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E-mail us: info@mirtaxes.com

 

Call us:

Europe: +32 (0)494 27 9763

US: +1 (919) 960-1499

 

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