MyExpatTaxes adds planning service for Americans overseas
MyExpatPlanning pairs forecasting tools with access to expat tax professionals as the firm looks beyond year-end filing work.
By Daniel Okafor · Business Editor
2 min read
MyExpatTaxes has launched MyExpatPlanning, a tax planning service aimed at Americans living abroad who want to assess tax consequences before major financial decisions. The move signals a bet that more U.S. expats will seek advice before year-end filing season, rather than treating taxes as a compliance task after the fact.
The service combines digital forecasting tools with personalized planning support. It is designed to help users model future tax outcomes, look for ways to lower future tax bills and understand possible tax effects before they make financial moves.
MyExpatPlanning is aimed at situations that can complicate cross-border tax planning, including moving overseas, becoming self-employed, selling property, exercising stock options, investing internationally, preparing for retirement and managing finances across borders. Those are the kinds of events that can create tax issues months before a return is prepared.
The new offering includes personalized tax planning roadmaps and forecasting tools. Users can also upgrade for access to expat tax professionals through written questions, with optional one-to-one consultations available for more complex cases.
“Many of the biggest tax mistakes we see happen months before a tax return is filed,” Nathalie Goldstein, chief executive and co-founder of MyExpatTaxes, said in the announcement. “Whether you're accepting a job overseas, selling investments, buying property, or planning retirement, planning ahead can have a significant positive impact on your future tax position.”
The service sits next to the company’s existing tax filing software and services for Americans abroad. Expat tax providers have traditionally focused on preparing and filing returns after income, investments and life events have already occurred; MyExpatPlanning pushes the firm into earlier-stage advisory work.
For Americans overseas, tax planning can involve more than an annual filing deadline. Cross-border income, assets, work arrangements and retirement plans can all affect how a taxpayer thinks about timing and structure, especially when decisions are made in one country but must be reported under U.S. rules.
MyExpatTaxes expects demand for proactive planning to grow as more Americans live and work outside the United States. The company is positioning its tax planning service for Americans abroad as a way to capture that demand before customers reach the return-preparation stage.