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Home2018-09-14T16:53:41+00:00

WELCOME

Welcome to Caribbean CPA, your own personal U.S. CPA Firm right here in the Dominican Republic. Our firm was created to serve the Tax, Accounting and International Financial Reporting obligations of U.S. Expats living in the Dominican Republic.

We know how difficult it is to start a new life overseas. You are learning a new language; getting used to a new culture and even a new currency; at the same time that you are striving to integrate to your new community. If you have family, your loved ones are also going through this transition. On top of that, you just discovered that your U.S. tax and reporting obligations just got way more complicated. Precisely now, when you no longer have the advice of your old trusted accounting firm; they remained back in the U.S.

That is the kind of situations Caribbean CPA was specifically designed to solve. We believe that something as mundane as taxes and international financial reporting obligations have no right to interfere with your new dream life in the Dominican Republic. Let us take away the complexities of tax and international financial reporting so you can start enjoying everything your new life has to offer. Please contact us for a free consultation.

“A good decision is based on knowledge.”
-Plato

With Caribbean CPA, you don’t have to struggle trying to figure out your financial situation. We stand with you every step of the way; from generating your accounting information, to preparing your financial reports and making sure you understand your economic situation. Please contact us for a free consultation.

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Quality, that is the level of customer service our firm provide to our clients. With Caribbean CPA there are no sacrifices of quality over convenience. Enjoy the benefits of having your taxes done right, in English, by a U.S. CPA Firm; delivered right to your door step in the Dominican Republic.

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Transparency, that is the level of price certainty our firm provide to our clients. With Caribbean CPA there are no hidden fees. And if our flat fee pricing structure does not accommodate your particular needs, you can always consult with us free of charge before making your decision.

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Accountability, that is the level of professional assurance our firm provide to our clients. With Caribbean CPA there are no security compromises. We are subject to the U.S. Court System and the IRS; providing you with the same level of legal accountability you are used to back in the U.S.

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Availability, that is the level of time responsiveness our firm provide to our clients. With Caribbean CPA there are no priorities other than you. We understand your needs, because our firm was specifically created to serve the accounting needs of U.S. Expats living in the Dominican Republic.

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“The whole is more than the sum of its parts.”
-Aristotle

With Caribbean CPA, you don’t have to struggle trying to figure out how your financial situation fits togather. We stand with you every step of the way; from helping you gathering your foreign asset information, to preparing your reporting documentation and maintaing you FATCA compliant. Please contact us for a free consultation.

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Getting Started

Tax Preparation and International Financial Reporting for a U.S. Expat can be overwhelming. However, with proper preparation, Caribbean CPA can help you take the complexity out of the equation when April 15 is just around the corner. We are there for you every step of the way; from determining your obligations; to gathering your information; preparing your filing documents; explaining the information before filing, and filing all your documentation.

For your convenience, we prepared a list of the most common documents a U.S. Expat will need before tax season. The list is by no means exhaustive, but it will give you an idea of what documentation you should look up to as soon as the new year arrives.

Gather either your last year’s tax return or the last return you filed. Please remember, you need your Federal Income Tax Return (filed with the IRS) as well as any other state or local income tax return filed in the U.S. Each taxpayer’s situation is unique. Depending on your particular financial situation, you may have state and local tax filing requirements in the U.S. in addition to your federal tax filing obligations. Please gather all tax return documentation.

If you have bank accounts, investment accounts or other financial assets outside the U.S. (like a foreign pension for example), you may have the obligation to file international financial reports with the U.S. Treasury Department. Some of these obligations are independent of tax filing requirements; which means, you may have an international financial reporting obligation even if you do not have to pay U.S. Federal Income Taxes. If you filed international financial reports in the past, please gather this documentation as well.

If you travel between the U.S. and your foreign home or other overseas locations during the previous year, you will need this information to prepare your tax returns. Your travel dates are used to determine your residency status, as well as to calculate your tax information. If you did not keep a travel log, gather as much information as possible to recreate your travel calendar. Information such as hotel reservations, stamps on your passport, air fare tickets and credit card reports can be used to obtain this data.

Gather all income related documents you receive related to last year. These documents usually arrive early in the year. If you work as an employee, you will receive a form named W-2. In the case that you provided services as an independent contractor, you may receive a form titled 1099-MISC. If you have investments, you may receive forms such as 1099-INT (used to report your interest income) and 1099-DIV (used for dividend income). In the event that you are self-employed or a business owner, you will have to generate your own financial data.

Gather all expense related documents related to last year. Depending on the nature of the expense, you may or may not receive a document serving as evidence for the amounts you paid. If you have a home mortgage, you will receive a form titled 1098. Are you paying student loans? If you are, you will receive a form named 1098-E. Did you make charitable donations? If you did, you may have to request proof of the donation to the charitable organization. Other expenses may not have a specific form attached, like medical expenses. In this case, you will have to keep copies of receipts or other evidence as proof of these payments.

“If you don’t have a plan you don’t have a goal.”
JMV

With Caribbean CPA, you don’t have to struggle trying to figure out which tax advantages you are entitle to as a U.S. Expat. We stand with you every step of the way; from helping you gather your documentation, to studying your tax situation and planning how to legally lower your tax liability. Please contact us for a free consultation.

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TAX SAVINGS FOR U.S. EXPATS

As a U.S. Expat, you are subject to new tax and financial reporting obligations. However, you are also entitled to special tax benefits, not available to you before. Some of the tax privileges are you are entitled to as a U.S. Expat living abroad are:

1. Foreign Earn Income Exclusion
2. Foreign Housing Exclusion
3. Foreign Housing Deduction
4. Foreign Tax Credit

Caribbean CPA is here to help you. Please visit our Tax Planning Services section to learn more about how you can legally pay less in taxes.

We know how challenging it is to start a new life overseas. You ask yourself, how am I supposed to do my taxes this year? I now live in the Dominican Republic, my trusted advisor remained in the U.S. and they don’t do taxes based on financial documents from the Dominican Republic. That is where Caribbean CPA comes in, because being away from home does not mean you have to be alone. Please contact us for a free consultation.

Address
2000 Carr. 8177
Suite 26, PMB 422
Guaynabo, PR 00966

Phone
1 (787) 410-4362

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