General Tax Services
U.S. Income Tax Compliance
Tax Return Preparation – Precise and timely preparation of federal and state income tax returns, customized to reflect your specific residency status and income profile.
FBAR (Foreign Bank Account Report) Filing – Ensuring full compliance with foreign bank and financial account reporting requirements, helping you avoid unnecessary penalties and maintain transparency.
Streamlined Filing Compliance Package – Expert assistance for taxpayers seeking to rectify past-due tax returns and FBAR filings under the IRS Streamlined Program, enabling a seamless return to compliance.
Estimated Tax Calculations – Professional guidance on quarterly estimated tax payments to help you manage cash flow efficiently and prevent underpayment penalties.
IRS Tax Notice Assistance – Comprehensive support in reviewing, addressing, and resolving IRS notices or inquiries, protecting your financial standing and peace of mind.
Final Tax Return After Renunciation – Specialized preparation of your final dual-status or full-year tax return following the renunciation of U.S. citizenship, ensuring a compliant and stress-free transition.
With decades of experience in expatriate and non-resident taxation, NexGen Tax Advisors LLC ensures every client meets their filing obligations while optimizing their overall tax position.
IRS Streamlined Filing Compliance Procedures
Our team provides comprehensive, end-to-end support, guiding you seamlessly through every stage of the Streamlined Filing process:
Assessment of Prior-Year Obligations – We conduct a detailed review of your tax history to determine which returns and forms must be filed to achieve compliance.
Preparation of Past Returns – Our experts prepare accurate and complete prior-year tax returns in full accordance with IRS requirements.
Guided Submission – We manage the submission process to ensure all filings are correctly completed and submitted under the Streamlined Filing framework.
Ongoing Compliance Guidance – We offer tailored advice to help you remain compliant in future years, reducing the likelihood of recurring tax issues.
Peace of Mind – Our objective is to simplify the process and help you confidently re-establish full compliance and good standing with the IRS.
Final U.S. Tax Return After Renunciation of Citizenship
Although your legal status as a U.S. citizen ends upon renunciation, your tax responsibilities do not cease immediately. Filing a Final U.S. Tax Return, together with the required Expatriation Statement (Form 8854), is an essential step in formally concluding your obligations under the U.S. tax system.
At NexGen Tax Advisors LLC, we provide comprehensive guidance through every stage of this process, including:
Final Dual-Status or Full-Year Tax Return Preparation – Determining the appropriate filing type and accurately reporting income up to the date of renunciation.
Expatriation Statement (Form 8854) Compliance – Preparing and submitting the necessary documentation to certify tax compliance and establish your official expatriation date.
Exit Tax Evaluation – Assessing whether the U.S. exit tax applies to your situation, based on your net worth, historical tax liability, and asset portfolio.
IRS Compliance Review – Verifying full compliance with prior-year tax filings and FBAR requirements to prevent any issues during the expatriation process.
Advisory for Future Planning – Offering tailored advice on the global financial and tax implications following the renunciation of U.S. citizenship.
With our extensive expertise in non-resident and expatriation taxation, we ensure your final filing is handled with precision and care, providing complete peace of mind as you transition out of the U.S. tax system.
Tax Consultation
We assist clients in navigating complex U.S. tax regulations with clarity and confidence across a variety of circumstances, including:
Moving Abroad – Gaining a clear understanding of your ongoing U.S. tax obligations and how to maintain compliance while optimizing tax advantages in your new country of residence.
Renunciation of U.S. Citizenship – Renouncing U.S. citizenship is both a permanent legal step and a highly intricate tax matter. Prior to beginning the process, it is essential to seek professional tax advice to fully understand the implications and prepare for the subsequent filing requirements.
Purchasing New Property – Assessing the tax impact of acquiring real estate within the U.S. or overseas, including considerations related to rental income, capital gains, and reporting obligations.
Starting a New Business – Providing expert guidance on entity selection, compliance obligations, and cross-border tax considerations for entrepreneurs and business owners.
General Tax Queries – Delivering professional advice on a wide range of tax topics from deductions and credits to compliance requirements—tailored to your individual or business situation.
At NexGen Tax Advisors LLC, our objective is to offer clear, actionable, and strategic advice that empowers you to make informed financial decisions while remaining fully compliant with U.S. tax laws.
Tax Consultation Before Renunciation of U.S. Citizenship
Before beginning the renunciation process, it is essential to seek guidance from a qualified tax professional to ensure you fully understand the implications and are properly prepared for the associated filing requirements.
At NexGen Tax Advisors LLC, we offer specialized pre-renunciation consultations designed to help you plan effectively and make informed decisions. Our services include:
Exit Tax Evaluation – Analyzing your eligibility for the U.S. exit tax based on your net worth, average annual tax liability, and historical compliance record.
Compliance Review – Verifying that all prior-year tax returns, FBARs, and required disclosures are complete and accurate, as outstanding compliance issues can complicate the expatriation process.
Final Filing Guidance – Providing clear direction on preparing and submitting your final U.S. tax return and the Expatriation Statement (Form 8854) in accordance with IRS requirements.
Strategic Tax Planning – Identifying opportunities to minimize tax exposure prior to renunciation, including efficient management of assets, investments, and retirement accounts.
Personalized Advisory – Offering tailored recommendations and addressing your specific questions based on your financial position and long-term objectives.
By consulting with NexGen Tax Advisors LLC before initiating the renunciation process, you can mitigate potential tax risks, avoid unforeseen liabilities, and ensure a smooth, compliant transition out of the U.S. tax system.
Global Mobility
At NexGen Tax Advisors LLC, we deliver expert guidance to assist both employers and internationally mobile employees in managing cross-border tax obligations with clarity and confidence. Our comprehensive services include:
Tax Equalization – Ensuring that employees on international assignments incur no greater or lesser tax than they would in their home country, promoting fairness and consistency.
Pre-Assignment Planning – Assessing the tax implications prior to the commencement of an international assignment, including projected liabilities, reporting requirements, and potential treaty advantages.
Post-Assignment Support – Reviewing the tax impact once an assignment has concluded to ensure continued compliance and optimal tax outcomes.
Tax Estimates and Projections – Providing accurate forecasts of tax liabilities throughout the assignment, enabling both employees and organizations to plan and budget effectively.
With extensive expertise in expatriate taxation, NexGen Tax Advisors LLC helps organizations and professionals mitigate risks, manage costs, and streamline tax compliance across global operations.
Preparation Fees
At NexGen Tax Advisors LLC, we believe that premium tax preparation and advisory services should remain both accessible and affordable. Our pricing is transparent, competitive, and structured to deliver exceptional value, ensuring you receive expert support without unnecessary expense.
With decades of specialized experience and a client-focused approach, we provide the assurance that your tax matters are managed with accuracy, efficiency, and professionalism. Whether you require individual, expatriate, or business tax assistance, our objective is to offer outstanding service at a fair and reasonable cost.
Get in touch with us today to learn more about our fee structure or to schedule a consultation tailored to your specific requirements.
Tax Services — Pricing & Standard Forms
All fees in USD. Package covers common forms listed; extra forms/services quoted after review.
| Tax Form / Service | Our Fee (USD) | Standard Forms Covered / Notes |
|---|---|---|
| Federal Tax Return | $400 |
Form 1040 Form 1116 (Foreign Tax Credit) Form 2555 (Foreign Earned Income Exclusion) Schedule A, Schedule B Schedule C (1 business) Schedule E (1 property) K-1s (no special calcs) |
| Streamlined Filing Package | $1,250 | 3 years delinquent returns 6 years FBARs (up to 5 accounts) Certification statement |
| Amended Federal Return | $350 | Standard basic forms |
| Form 1040NR | $350 | Nonresident return |
| Dual-Status Returns | $500 | Form 1040 & 1040 NR’ |
| State tax return | $150 | Per state |
| FBARs | $100 | Up to 5 accounts |
| FATCA Form 8938 | $100 | Up to 5 accounts |
| Form 3520 | $300 | Foreign trusts / gifts |
| Form 3520-A | $300 | Trust info return |
| Form 5471 | $400 | Foreign corporation report |
| Dormant Form 5471 | $150 | Inactive entity |
| Form 8621 | $150 | PFIC with payouts |
| Form 8621 | $100 | PFIC no payouts |
| Form 8854 Expatriation | $250 | Expatriation statement |
| Tax consultation | $150 | 30 min advice session |
While our package fees cover the most common forms required by individual taxpayers, any additional forms or services will be discussed and clearly outlined in your personalized quote after a full review of your tax situation.
Tax Forms And Services We Offer For You
We prepare and file IRS annual income tax returns for US citizens and foreign nationals who have US tax filing requirements. Our core tax preparation services and specialized services include:
US tax return and supporting forms for expats living abroad.
US tax return and supporting forms for foreign nationals in the US, including Non-Resident and Dual-Status Returns.
FBAR Forms (FinCEN).
FATCA (Form 8938).
Streamlined tax filing compliance process for taxpayers who mistakenly failed to file US income taxes and delinquent filers.
Final tax return and supporting forms for US citizens who are giving up their U.S. citizenship or long-term residency status.
US tax forms for part-year residents and non-resident foreign citizens.
Amended Returns.
Assistance with your Tax notices or letters from the filing authorities.
Consulting services: Future tax planning, tax implications on work/life changes such as moving abroad, retirement, etc.
Any other services related to US income taxes.
Preparation Fees
At NexGen Tax Advisors, we believe that high-quality tax preparation and advisory services should be both accessible and affordable. Our pricing is competitive, transparent, and designed to provide exceptional value, ensuring you receive expert guidance without unnecessary costs.
We combine decades of specialized tax knowledge with a client-first approach, giving you the confidence that your tax matters are handled accurately and efficiently. Whether you need individual, expatriate, or business tax support, our goal is to deliver outstanding service at a fair price.
Contact us today to learn more about our fee structure or to schedule a consultation tailored to your needs.