Who this is for
- High-income filers potentially subject to AMT
- Self-employed expats
- Investors subject to NIIT
Federal Tax Returns
Schedule 2 — additional taxes
Covers Alternative Minimum Tax (AMT), self-employment tax, NIIT, and additional Medicare tax where applicable.
Overview
Why this filing matters
Covers Alternative Minimum Tax (AMT), self-employment tax, NIIT, and additional Medicare tax where applicable.
Note — AMT, self-employment tax etc.
What you get
- Schedule 2 calculation & filing
- AMT modelling where relevant
Our approach
Built for the cross-border edge cases.
Most US-UK filings fail the same way: a treaty position that wasn’t disclosed, a foreign account that slipped under FBAR thresholds, a PFIC election filed in the wrong year, a carry-forward not tracked from one preparer to the next. The cost of any single one of those is rarely catastrophic on its own — it’s the compounding over multiple filing seasons that quietly turns a clean tax life into a six-figure remediation project.
We start every engagement by looking at the edge cases first — the elections, the disclosures, the carry-forwards, the side-effects on next year’s return — and only then turn to the routine line items. The result is a filing that reads cleanly to anyone who picks it up next: another preparer, the IRS, or a successor in your own business.
- Position memo on every meaningful election, with the reasoning written down for the next return
- Carry-forwards (FTC, capital losses, PFIC basis) tracked year-on-year so nothing expires unused
- Plain-English commentary on every position taken — the kind that makes a future audit a non-event
Our process
How we handle your schedule 2
Four steps from first call to filed return. Fixed fee confirmed before any work begins.
- 01
Intake
30-minute scoping call. We confirm your situation, required filings, and send a tailored document list.
- 02
Review
We analyse your position, flag any cross-border risks, and confirm the scope and fee before any work starts.
- 03
Prepare
Draft returns and schedules are prepared with plain-English commentary on key positions for your review.
- 04
File
E-file with the IRS / FinCEN, send confirmations, and handle any follow-up notices or questions.
Pricing
Fixed fees — no surprises
Schedule 2 is usually bundled into the 1040 fee. Standalone AMT modelling or multi-year planning is quoted after intake.
FAQs
Common questions about Schedule 2
What triggers AMT and does it still apply?
AMT is a parallel tax system that limits certain deductions and preferences for higher-income filers. The TCJA raised exemptions substantially — most expats no longer owe AMT — but we always model it where relevant (ISOs, large state tax deductions, specific credit interactions).
Do I pay US self-employment tax if I work in the UK?
Usually not — the US-UK Totalization Agreement lets you pay UK National Insurance instead, provided you hold a Certificate of Coverage. Without one, you could be liable for 15.3% US SE tax on top of UK NICs.
What is NIIT and does it apply to me abroad?
Net Investment Income Tax — a 3.8% surtax on investment income over $200k single / $250k joint thresholds. It applies regardless of where you live, and importantly the FTC cannot offset NIIT, so it often becomes the residual US cost for UK-resident investors.
How is Additional Medicare Tax (0.9%) collected?
It's a 0.9% surtax on wages and self-employment income above $200k single / $250k joint. Usually reconciled on Schedule 2 with the return. Like NIIT, FTCs cannot offset it.
Ready to get this filed?
Tell us your situation and we'll confirm scope, a fixed fee, and the documents we need — usually within one business day.