Covid-19 Updates

American International Tax Advisers is open and operational!   The Bangkok office is open however we are asking clients to limit office visits and work with us remotely if  possible.  Contingency plans are in place for the staff to work at home should the government require the physical office to be closed.  If you need to contact us our phone is still accessible and email is still available.  We are working hard through this to try to help our clients through this very strange tax season.

Tax Extension

The Treasury department has updated the payment extension to include  the filing deadline.  Thus the deadline to file and pay is now July 15th no extension needs to be filed to be eligible for the extension. 

Covid- 19 Stimulus Payments

 

How large will the payments be?

Most adults will get $1,200, although some would get less. For every qualifying child age 16 or under, the payment will be an additional $500.

ITIN Numbers

Only individuals with Social Security numbers are eligible, individuals with ITIN numbers will not receive payments.

 

How many payments will there be?

Just one. Future bills could order up additional payments, though.

How do I know if I will get the full amount?

It depends on your income. Single adults with Social Security numbers who have an adjusted gross income of $75,000 or less will get the full amount. Married couples with no children earning $150,000 or less will receive a total of $2,400. And taxpayers filing as head of household will get the full payment if they earned $112,500 or less.

The exact method and timing of payments especially for expats  have not been worked out check back here for regular updates!

 

Who We Are.

American International Tax Advisers is Asia’s best U.S. tax firm.  We are focused on assisting expatriates with United States tax planning, consulting, and return preparation.    While the IRS does not have offices in Thailand or Cambodia, we serve clients all over Asia and the USA from offices in Bangkok Thailand,  Hong Kong, Phnom Penh Cambodia,  Kuala Lumpur Malaysia, Metro Manila Philippines, and Sarasota Florida, Sao Paulo Brazil.  Many U.S. Expatriates and Green Card holders are unaware that they have a requirement to file a U.S. income tax return. As a result they have a large number of past due returns to submit. We are experts in correctly completing past due returns for U.S. Citizens and Green Card holders with this problem. If you find yourself in this difficult situation, rest assured we are able to bring you up to full compliance in the eyes of the Internal Revenue Service with minimal stress. Contact us today for a consultation on how we can help you.For business, we are specialist in international tax planning for companies where there is a connection with the USA.   If a business needs help doing business with or in the United States we are able to provide high level planning and compliance services.We are proudly American owned.

Specialties

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    Line ID : aitax

Email: Chris@aitaxadvisers.com

Thailand Central  Office

One Pacific Place

140  Unit 1804 (18th Floor)

Sukhumvit Road, Klongtoey,

Bangkok 10110

Bangkok

(66)  94-681-9734

Chiang Mai

(66) 53-218-823

Philippines

(63) 998 229 4549

Manila

6750 Ayala Ave, Makati, 1216

Metro Manila, Philippines

Hong Kong

800-906-598

15/F, Skyway Centre, 23 Queen’s Road West,

Sheung Wan, Hong Kong

 

Cambodia Satellite Office

(855)-2396 2514

#53, street 446,

Tuol Tompoung I , Chamkarmon

Phnom Penh, Cambodia

Kuala Lumpur Satellite Office

(60)-392 125 417

United States

(01) 941-548-7499

Sydney Australia

61 (02) 8007-4203

 5 Martin Pl, Sydney NSW 2000, Australia

Sao Paulo Brazil

55 (11) 4210-3742

2017, 2018,  2019 Foreign Earned Income Exclusion

The 2017 Foreign Earned Income Exclusion has increased to $102,100, up from $101,300 for tax year 2016. This means that a husband and wife can make up to $204,200 of earned income using the 2017 Foreign Earned Income Exclusion and pay zero Federal income tax.

The Foreign Earned Income Exclusion for 2018 is $104,100.  This means that a husband and wife can exclude up to $208,200 of earned income using the 2018 Foreign Earned Income Exclusion .

The Foreign Earned Income Exclusion for 2019 is $105,900.  This means that a husband and wife can exclude up to $211,800 of earned income using the 2019 Foreign Earned Income Exclusion .

 

To qualify for the 2019 FEIE, you must be out of the U.S. for 330 out of 365 days, or living abroad as a legal resident of a foreign country. If taking the exclusion as a bona fide resident of a foreign country, you might spend 3 to 5 months a year in the U.S., but never 6 months.

For more on how to calculate the 330 days for the 2019 Foreign Earned Income Exclusion contact us.