We obtained a new client who was living overseas and used to have his income tax return prepared by a Big 4 accounting firm as part of an expat agreement.  After he was off of this expat package, the taxpayer sought us out by referral.

We noticed that the Big 4 firm that prepared his tax return had left off his eligible Foreign Housing Exclusion of $38,343 and did not calculate a cost basis for stocks that he had sold in 2006.

We worked with this new client to determine his eligible Foreign Housing Exclusion and worked with his broker to determine the cost basis of the stocks sold and was able to amend his tax return to get him a $3,160 immediate tax savings and a carryforward savings on future returns of $11,730.