US Tax Firm Has Years of Experience with International Tax Issues
LOS ANGELES, CA: William D. Truax, E.A. Inc. (http://www.truax.net), a professional tax firm in Southern California, is urging US citizens abroad as well as non-US citizens currently working in America to seek professional tax consultation regarding their worldwide income, with the aim of understanding and, in some cases, legally lowering their tax burden in conformation with the laws of the land of whatever countries they are subject to.
According to the IRS’ website, US citizens “Must report their worldwide income if they meet the minimum income filing requirements for their filing status and age.” Accordingly, US taxpayers are not automatically exempt from conforming to the US tax codes by reason of residing in another country. The experts at William D. Truax, E.A. Inc. have years of experience working in the field of international tax issues, providing them with an extensive base of knowledge. They will work with US citizens abroad and foreign citizens working in the US to ensure their taxation is as simple as possible and that no instances of over-taxation occur due to the involved laws.
Wlliam D. Truax E.A., founder of the firm, stated: “The way I see it, there is no other area in the field of taxes that requires more trust between a client and their tax preparers as international taxation. It’s simply a must for anyone living abroad or non-US citizens employed here. We have clients abroad and in the U.S. requiring assistance in these issues and I can definitely say that we live up to that high level of trust needed in these matters. We’ve dealt with the IRS, we’ve dealt with other country’s tax agencies, and we have a wealth of knowledge in this area.”
Mr. Truax has been a tax practitioner and financial consultant in private practice for over thirty years. He is admitted to practice before the IRS and all state tax agencies and is also a member of the bar of the United States Tax Court. As a fellow of the National Tax Practice Institute, he is an Accredited Tax Advisor and a member of the National Association of Enrolled Agents. Mr. Truax was a founder and Director of Professional Business Bank in Pasadena, CA, and was chairman of the bank’s investment committee, responsible for control and oversight of over $100 million in bank assets. Mr. Truax has been active in numerous philanthropic endeavors and is currently a trustee or a board member of several active charitable organizations.