Banks worldwide may request proof of compliance with U.S. taxes from U.S. expats. For example, a bank may send a FATCA letter to a client, seeking specific information about their U.S. tax status and possibly requesting them to complete either the W-9 or W-8 Form.
At TFX, we offer the service of preparing a letter called the U.S. paid preparer certification and notification. This letter confirms that we are either prepared or in the process of preparing U.S. tax returns for the client. Such a letter provides clients with additional time to ensure their U.S. taxes are in order, thereby preventing the potential freezing of their bank accounts. Typically, banks grant a 45-day extension upon receiving this letter.
Notes:
The cost for this service is $150.
The deliverable of the letter remains the same whether it is sent to a bank or a lawyer.
The letter will be provided as a PDF email attachment.
We no longer send physical copies of such letters to clients.
Let your tax preparer know if you need TFX to prepare this letter on our official letterhead.