Reply to Recommendations: Tax account/CPA with World bank/ IMF/IDF experience please

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The worldbank retains services of a large public accounting firm to handle their global mobility taxes, as far as I know. Why are you not covered by that agreement[/quote]

We inquired about it and were told that was not an option. Maybe they give that option to Managers and above? Nightmare it is to deal with US taxes as a World Bank staff.
Also trying to ask fellow US citizens who work there for recommendations but there are so few of them.[/quote]

fellow WB co-worker and US citizen here (and at the manager level).  There are no secret benefits to managers or to H+ level staff to help file taxes.  I've used Turbo Tax for years and never had a problem.  You just need to keep track of the taxes you paid and the dates you remitted payment.  Turbo Tax now has options for filing as an employee of an international organization so the turbo tax system files the appropriate schedule as part of your return.

When it comes to tax payments, as someone said, the Bank does not withhold so you need to make sure you are paying the 7.25% from your own pocket, and not just rely on the amount the tax office gives you as the tax allowance.  It's a pain-in-the-a** system and can be incredibly frustrating for sure, but the tax software today is so much better and easier to use than it was just a few years ago.

and if you end up paying more in taxes, be sure to apply for the safety net - and to ask for an appointment with the tax office.  They use certain assumptions to calculate the tax allowance but these assumptions really do not apply to all but a small % of US staff.  GL[/quote]

Same but I've used Block Advisors arm of H&R Block for years. I've been both IMF and WB (over 20 years) and they have always known what to do for my Schedule SE and to assist on the quarterly filings (latter shouldn't be difficult since the issued quarterly tax allowance statement basically tells you how much to pay to federal and state, including your portion).[/quote]

May I ask how much does your H&B person charges? So far everyone is quoting us < $1000-1500. We both hate taxes so outsourcing it seem to be a good option to avoid arguments [/quote]

We pay around $1500 but we also have multiple K1s, properties and have to file in other states too.[/quote]

Thank you, that seems like the typical price range. Are you comfortable sharing your tax person's name so I can contact him/her? Thank you.[/quote]

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