Finding The Right Brazilian Accountant Near You

Finding a Brazilian Accountant in Your Area

As an immigrant from Brazil living in the United States, having a tax accountant who understands your unique needs and situation can provide invaluable help when it comes to navigating the complex US tax code. Many Brazilian immigrants aren't aware of the tax filing requirements and rules here, which can lead to confusion, stress, and even tax problems if the proper steps aren't taken. The good news is that there are trained professionals who specialize in assisting Brazilian expats - Brazilian accountants.

Why Hire a Brazilian Accountant?

Here are some of the key benefits of hiring a Brazilian accountant rather than using a standard tax preparation service:

• Expertise with Brazilian and US tax law - They understand the tax rules and regulations for both countries and can ensure you stay compliant.
• Multilingual services - This makes communication easier if Portuguese or Spanish is your first language.
• Cultural understanding - A shared cultural background can help build trust and rapport.
• Tax treaty knowledge - They are familiar with the Brazil-US tax treaty and can use it to your advantage.
• Paperwork expertise - They know the proper forms and documents needed by Brazilians living in the US.

Finding Brazilian Accountants in Your Area

If you've decided to hire a Brazilian accounting professional, here are some tips for finding one near you:

Search Brazilian Business Directories

Look for Brazilian business directories in your city or state. These sometimes have listings for accountants and other financial professionals. You can also search directly on Brazilian Yellow Pages online.

Ask for Referrals in Your Community

Talk to Brazilians you know, including friends, colleagues, and community members. Ask if they have a recommendation for a good Brazilian accountant they've worked with.

Look for Brazil-Focused Accounting Firms

Some accounting firms specialize in expatriate taxes and have experience working with Brazilian clients. Look for "Brazilian accountant near me" or "Brazilian expat taxes."

Search Online Business Directories

Websites like Yelp, Better Business Bureau, and Google My Business allow you to search for accountants near you. You can filter for ones specializing in Brazilian taxes.

Visit Brazilian Community Associations

Local Brazilian American chambers of commerce or community centers may have good recommendations for accountants. You can also post on their social media pages or message boards.

Questions to Ask a Prospective Brazilian Accountant

When evaluating Brazilian accountants to hire, ask these key questions:

• Are you licensed as a CPA in this state?
• How many years of experience do you have preparing Brazilian expat taxes?
• Are you familiar with the Brazil-US tax treaty?
• Can you represent me if I get audited by the IRS or Brazilian tax authorities?
• Do you have Brazilian clients I can speak with as references?
• What are your fees and what services are included?

Working With Your New Accountant

Once you've found and hired a Brazilian accountant, here are some tips for making the most out of your working relationship:

• Provide them will all needed tax documents early - W-2s, 1099s, etc.
• Inform them of any major life changes - marriage, move, job change, etc.
• Tell them about any Brazilian or US assets you own - bank accounts, property, investments.
• Don't miss tax deadlines for filing your returns.
• Ask questions if you don't understand a tax strategy or recommendation.
• Build an ongoing relationship so your taxes stay optimized each year.

Frequently Asked Questions

Why should I hire a Brazilian accountant rather than a standard CPA?

A Brazilian accountant has specialized knowledge of both Brazilian and US tax law that a standard CPA may lack. They understand the unique filing status and requirements for Brazilian expats living in America. This can help maximize your deductions, avoid costly mistakes, and keep you compliant with two complex tax systems.

What qualifications should I look for in a Brazilian accountant?

At minimum, the accountant should be licensed as a CPA in your state. It's also ideal if they have specific credentials like an EA (Enrolled Agent) or experience preparing Brazilian expatriate tax returns. Fluency in Portuguese is also a major plus for clear communication.

How can I check the credentials and reputation of a Brazilian accountant?

You can verify a CPA's license on your state's Board of Accountancy website. You can also read online reviews, check the Better Business Bureau for complaints, and ask for references from past Brazilian clients.Meeting with the accountant in person before hiring can also give you a sense of their professionalism and expertise.

What typical services does a Brazilian accountant provide?

A Brazilian accountant can handle your American and Brazilian tax preparation, including filings like Form 1040, FBAR, and Brazilian income tax returns. They can also provide other services like tax planning, audit representation, payroll, and bookkeeping for Brazilian-owned small businesses.

What are the average fees for a Brazilian accountant's services?

Fees can range from $200 - $500+ for individual tax return preparation, depending on the complexity of your tax situation. Expect to pay $100 or more for additional services like tax planning sessions. However, the exact fees vary among different accountants.

FAQs

What is the deadline for filing my Brazilian tax return?

If you live in Brazil, the deadline is typically end of April. If you live outside Brazil, you have until the end of June to file your Brazilian return.

Can I deduct my Brazilian taxes on my US return?

Yes, you can claim a foreign tax credit on your US taxes for taxes paid to Brazil, generally eliminating double taxation.

Do I need to report my US income in Brazil?

Yes, as a Brazilian citizen you must report your worldwide income to Brazil, regardless of where you live.

What if I didn't file Brazilian taxes for several years?

You should consult a Brazilian accountant on the proper procedures for getting caught up on filing obligations and getting into compliance.

Can a Brazilian accountant help me open bank accounts in Brazil?

Yes, they can guide you through the process of opening Brazilian bank and investment accounts as an expat.