U.S. expats have tax filing help with H&R Block’s new DIY tax software
February 11 2021 - 3:30PM
Unlike most countries, American expats, which includes U.S.
citizens and permanent residents, still need to file U.S. federal
income taxes while living and earning income abroad. Tax filing is
especially important for U.S. expats because they can be at risk of
penalties, or in some cases, losing their passports if they are not
compliant. To help expats meet their filing obligations, H&R
Block (NYSE: HRB) today announced a new online do-it-yourself tax
software for U.S. expats who want to file on their own.
“Expats face tax complexities simply from living abroad. For
people who want to take control of their taxes with a DIY solution,
H&R Block can help them file accurate returns,” said Jody
Vanarsdale, general manager of H&R Block Expat Tax Services.
“Designed specifically to meet their unique needs, our online expat
software gives U.S. expats the confidence they need to file their
expat taxes while knowing they’re getting the best outcome.”
Filing expat taxes with confidenceAvoiding
double taxation is key for expats who may not realize if they earn
foreign income they still need to file and pay U.S. taxes, in
addition to their country of residence. Knowing how to claim tax
breaks unique to American citizens living abroad, such as the
Foreign Tax Credit and Foreign Earned Income Exclusion, requires
tax and expat expertise. Adding to the complexity, U.S. expats also
may have special reporting requirements and forms to report money
in foreign accounts. H&R Block offers a DIY filing solution
built specifically for expats to avoid double taxation and ensure
an accurate tax return that meets filing requirements.
All Americans share a tax payment deadline of April 15, however,
due to their filing requirements, U.S. expats who are not in the
U.S. on April 15 have until June 15 to file.
DIY filing starts at $99 for simpler returns covering employment
income, but more complex expat tax situations, such as
self-employment income or investment income, like stock options or
rental property, can use the product at an additional cost.
Clients looking to catch up on prior year returns should continue
to file with an expat tax advisor.
H&R Block Expat Tax Services gives U.S. expat clients the
option to choose how they file. Whether they want to have an
advisor prepare their taxes or take control of their taxes through
DIY filing, H&R Block can provide the expertise expats need. To
learn more about the expat DIY tax service or to get started filing
taxes today, visit hrblock.com/expat.
About H&R Block H&R Block,
Inc. (NYSE: HRB) provides help and inspires confidence in its
clients and communities everywhere through global tax
preparation, financial products, and
small business solutions. The company blends
digital innovation with the human expertise and care of its
associates and franchisees as it helps people get the best outcome
at tax time, and better manage and access their money year-round.
Through Block Advisors and Wave,
the company helps small business owners thrive with disruptive
products like Wave Money, a small business banking and bookkeeping
solution, and the only business bank account to manage bookkeeping
automatically. For more information, visit H&R Block
News or follow @HRBlockNews on
Twitter.
For further informationInvestor
Relations: Colby Brown |
816-854-4559 | colby.brown@hrblock.comMedia
Relations: Angela Davied |
816-854-5798 | angela.davied@hrblock.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/003baa73-aef9-42d3-a8ed-91044b5e7e5e
A video accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/f26c02b4-273e-4574-86cf-fdf8463a6f12
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