Services

Services

Horton Tax Services offers high-quality tax services to the American community in France. Our approach is people-focused. We encourage face-to-face meetings whenever possible, as this enables us to better learn about our clients and offer more effective services.

 

Horton Tax Services is a very accessible firm. If you call, you’ll speak to one of us, not a voice mailbox. If you send an e-mail, you’ll get a prompt reply. Our clients have full access to our expertise during normal business hours, all year round.

Horton Tax Services has a wide variety of services, including:

  • U.S. individual income tax return consultation and preparation
  • U.S. business tax return consultation and preparation
  • French individual tax return consultation and preparation
  • French wealth tax (IFI or ISF) return consultation and preparation
  • French tax reporting for French rental properties
  • Tax equalization services
  • Compensation Consulting

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French and US tax related information

Please visit our FAQ to learn more about:

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Paying French Taxes Online

Paying French Taxes Online

If you would like to make a payment for a French tax bill (Avis d’Impôt, Taxe Foncière, Taxe d’Habitation, etc…), you are now able to pay directly from your bank account. In order to make this payment, you will need your Numéro Fiscal and the référence de l’avis, both shown on the first page of the tax bill, as well as your banking RIB (Relevé d’Identité Bancaire).

Click here to visit the payment section of the impot.gouv.fr website

Or visit: www.impots.gouv.fr, from here click on “Votre espace particulier” and then you have the option of logging into your preexisting account, or selecting the green box “payer en ligne”

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Do I need to file a U.S. tax return?

Do I need to file a U.S. tax return?

All U.S. citizens and green card holders who have not formally surrendered their green cards are required to file tax returns even if they do not reside in the United States, and even if they do not expect to owe tax. U.S. tax returns must declare a taxpayer’s gross worldwide income according to U.S. tax rules, regardless of whether certain indemnities and income is considered nontaxable in the taxpayer’s country of residence.

In 2018, you must file a U.S. tax return if your GROSS income (brut salaire and all investment and rental income, NOT net fiscal) exceeds the following income requirements:

Single: $12,000 (or 10.176€)

Married filing jointly: $24,000 (or 20.353€)

Married filing separately: $5 (or 4€)

Head of Household: $18,000 (or 15.265€)

Even though you are required to file a return, you won’t necessarily owe U.S. tax. You may be eligible to claim the foreign earned income exclusion and foreign tax credits to reduce your U.S. tax liability.

* IRS rate of 1.1792 EUR to USD to calculate the euros in the table above.

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What exchange rate should I use?

What exchange rate should I use?

For tax year 2018, the IRS’ official EUR to USD average exchange rate of 1.1792, and this is the exchange rate that we will use in preparing 2018 U.S Income Tax Returns. The 2018 year-end EUR to USD exchange rate used for the FBAR (US Treasury Form 114) and Form 8938 is 1.1468. The Federal Reserve’s official exchange rates for prior years 2017-2008 and the current 2018 IRS official exchange rate are listed below.

 

Historical Summary of Exchange Rates           Historical Summary of Exchange Rates

(Income Conversion on Tax Return):               (FinCEN Form 114 and Form 8938):

2018: 1.1792                                                                2018: 1.1468

2017: 1.0834                                                               2017: 1.2005

2016: 1.0638                                                               2016: 1.0537

2015: 1.0672                                                               2015: 1.0881

2014: 1.2755                                                               2014: 1.2165

2013: 1.2771                                                               2013: 1.3774

2012: 1.2361                                                               2012: 1.3175

2011: 1.3369                                                               2011: 1.3072

2010: 1.2739                                                               2010: 1.3253

2009: 1.3369                                                               2009: 1.4333

2008: 1.4726                                                               2008: 1.4097

 

For the French tax year 2019 (Revenus de 2018), the Banque de France official USD to EUR exchange rate is 1.181, and this is the exchange rate that we will use in preparing 2018 French Income Tax Returns. For preparing 2019 French IFI returns, we suggest that you use the year end exchange rate of 1.1468 USD/EUR.

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