Rather, overseas as in your tax firm has contracted your tax return out to a third-party firm in another country. Federal law requires taxpayers to consent before their tax data, including their Social Security number is disclosed to a tax preparer located outside the United States. To be fair, the preparation of your tax return overseas might not be a negative. Most outsourcing firms advertise that they can save US tax firms 60% in salary expenditures. But given the rise in cyber threats, tax firms might provide greater value by using a more personal approach.

Source: Forbes October 20, 2018 18:56 UTC