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Taxes
 
Last Updated on 06/18/2014

U.S. Federal Taxes (IRS)

U.S. citizens must report their worldwide income on their federal income tax returns. Living or earning income outside the United States does not relieve a U.S. citizen of the responsibility for filing tax returns. However, U.S. citizens living and/or working abroad may be entitled to various deductions, exclusions, and credits. ACS provides a list of unvetted U.S. tax practitioners in Hungary and a limited supply of federal tax forms. For more information on general U.S. tax issues, please consult the IRS web site. For basic tax information for Americans overseas, please visit the U.S. Citizens and Resident Aliens Abroad page of the Internal Revenue Service.

The closest IRS office that has jurisdiction over Americans in Hungary is located in Frankfurt, Germany. Their contact information is:

U.S. Consular General Frankfurt
Internal Revenue Service
Giessener Str. 30
60435 Frankfurt (Main), Germany
Tel.: (49) 69-7535-3834; Fax: (49) 69-7535-3803
E-mails: *irsfrankfurtmailbox@irs.gov or IRS.Frankfurt@irs.gov
Internal Revenue Service web site

The IRS exchange rate for 2013 for Hungary is $1.00 = HUF
232.771

U.S. State Tax Information

The American Citizen Services does not have state tax forms. For your convenience, we list the states' tax web sites below.

Alabama | Alaska | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | District of Columbia | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Puerto Rico | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming

Hungarian Tax Information

The Hungarian tax authorities have advised us that U.S. citizens may call the following telephone number for Hungarian tax information in English, Tel: 461-3300, 322-0220; Fax: 322-9824. For a more comprehensive interpretation of Hungarian tax law, it is advisable to consult a Hungarian tax expert.

As of May 1, 2004, Americans working for a Hungarian employer are generally subject to full Hungarian social security. In contrast, Americans (who have neither dual Hungarian citizenship, nor a Hungarian permanent residence permit, i.e., "letelepedési engedély") who are working in Hungary for a non-Hungarian employer are generally exempt from Hungarian social security. As the U.S. and Hungary have not yet entered into a social security totalization agreement, certain individuals may be required to pay into both country's social security systems on the same earnings. For further information, please consult a tax expert in Hungary.

Tax Accountants and Consultants 

Please note: We provide these names for your convenience only. The Embassy assumes no responsibility for their professional ability or integrity.

Alatorre and Phraner Tax Services - U.S. tax preparation services in Hungarian & English. Lloyd W. Phraner is a tax advisor who provides year round tax services in Hungary. He can be reached by dialing 36-21-252-3369 after 4 PM Hungarian time or by e-mail: lloyd@aptaxes.com. Lloyd Phraner is available for meetings in Hungary from May thru June.

Artio Partners is a CPA firm specializing in US expatriate tax preparation and consulting for Americans living abroad and dual citizens. Our expertise is FBAR, FATCA, PFIC, foreign real estate, foreign adoption and controlled foreign corporation. Flat Fees. CPA Expert Help. The firm works with American expats from all parts of the world.
Contact person: ZM Ishmurzina
E-mail: info@artiopartners.com
Telephone: +1/312-235-2167

GLS Global LLC offer expert counsel in tax compliance matters. Their areas of practice include personal, corporate and fiduciary income tax planning and compliance filing including the recently expanded Foreign Bank Account Reporting (FBAR) filing requirements.
Contact person: Frederick F. Scheing
E-mail: fscheing@glsglobal.net
Telephone: +1/302-351-8196
Mailing address: P.O. Box 7243, Wilmington, DE 19803, USA

Greenback Expat Tax Services specializes in the preparation of US expat taxes for Americans living abroad. Our expert CPAs and IRS Enrolled Agents work 100% with expats.
Greenback Expat Tax Services
2885 Sanford Avenue
SW #14877
Grandville, MI 49418
Tel: US Toll Free 1-888-362-5032
E-mail: Info@GreenbackTaxServices.com
Website: www.greenbacktaxservices.com

Miklos Ringbauer CPA, PMP provides accounting, tax preparation and consulting services for American individuals living abroad and for Hungarian nationals and businesses subject to US tax laws and reporting including FBAR. Services are offered in English and Hungarian.
Category: Accounting Services, US Tax Strategy & Preparation Mailing Address: Miklos Ringbauer, CPA, PMP
1613 Chelsea Road #228
San Marino, CA 91108
TEL - US: +1.949.338.0162
TEL - HU: +36.1.555.9230
E-mail: info@mikloscpa.com
Website: www.mikloscpa.com

Online Taxman is a NYC based virtual CPA firm specializing in US expatriates and Non Residents with US interests (companies, real estate, investments, etc.) Everyone on our team is a lawyer or CPA focused on international taxation, from company formation and international tax planning to Voluntary Disclosure program to an FBAR, you will get a personal CPA to handle your situation.  Sign up for a free consultation with a CPA - NO OBLIGATION. Expert Advice. Personalized Service. Painless.
Address: 347 Fifth Ave, Suite 1402- 171, New York, NY 10016, USA
Telephone: +1/855-682-9626      
Fax: +1/815-550-8651
E-mail: contact@onlinetaxman.com

Tax Planner CPA LP – They are an office of Certified Public Accountants and attorneys that specialize in the taxation of U.S. taxpayers living abroad. They are able to work remotely with U.S. taxpayers living outside the USA.
Company information:
Company Name: Tax Planner CPA LP
Description: Tax Preparer | U.S. Taxes | Tax Online | Tax Planner CPA - U.S. Certified Public Accountants that specialize in the taxation of U.S. Taxpayers living abroad.
Telephone: +1/855-TAX-2555 or +1/617-639-5550
E-mail: embassies@taxplannercpa.com

Tax Samaritan: has the experience and knowledge of the tax code to guide you through the complex expatriate tax preparation process, including, but not limited to the foreign earned income exclusion, foreign tax credit and reporting your foreign financial accounts on the FBAR. They offer a simple and straightforward process to save you time and money.
Address: Tax Samaritan
Randall Brody, EA (Enrolled Agent), MBA, CCP
4894 W. Lone Mountain Rd #164
Las Vegas, NV 89130
Phone: US Tel: +1/702-350-1050
E-Mail: Questions@TaxSamaritan.com

Taxes for Expats is a NYC-based tax preparation firm specializing on American taxpayers living abroad. They have over 18 years of experience helping US expatriates and focus only on the American expat community. They offer an Instant Upfront Quote and provide extensive knowledge-base on US expat tax issues on their website.
Contact person: I.J. Zemelman
Tel:  +1/646 EXPAT-US (397-2887)
E-mail:  questions@taxesforexpats.com
Address: 121 Madison Ave, New York, NY 10016, USA

Other listings may also be found in The Budapest Sun, a weekly English-language newspaper.

New regulations under Internal Revenue Code Section 7216, Disclosure or Use of Tax Information by Preparers of Returns, became effective January 1, 2009. These regulations limit tax return preparers' use and disclosure of information obtained during the return preparation process to activities directly related to the preparation of the return. The regulations, along with supplemental Revenue Procedure 2008-35 contain the updated rules and requirements relating to disclosure and use of tax return information. These regulations apply to paid and volunteer preparers and the administrative staff that supports them. Failure to comply may result in criminal or civil penalties. See the IRC 7216 information page for more details. Frequently Asked Questions about this topic are available on the IRS web site.