Expat Tax Forms

Nearly a third of Americans say they would like to move overseas if they had the opportunity to do so. While moving abroad can be the adventure of a lifetime, it can complicate your United States tax and reporting obligations. Case in point: FinCEN Form 114, also known as the Foreign Bank Account Report (FBAR). […]

Last updated on January 26, 2023 If you work as a freelancer, independent contractor, gig worker, or are otherwise self-employed, the phrase “1099 form” is almost certainly familiar to you. That’s because any client from whom you’ve received at least $600 is obligated to send you a 1099-NEC, a tax form that is used to […]

Form 5471, which the IRS calls “Information Return of US Persons With Respect To Certain Foreign Corporations”, is an informational return that US taxpayers with shares in a foreign corporation must file. Whether you need to file Form 5471 depends on the percentage of stock you own in a foreign corporation. 

Uncle Sam and American expats aren’t exactly the best of friends. Regardless of where they live, American citizens have to declare their worldwide income to the IRS, and many aren’t even aware of this.   Yep, you heard that right. That’s because the United States is one of only two countries that applies citizenship-based taxation.  And […]

Doing business in the United States as a non-citizen can be complicated, especially regarding taxes.  One form that you may need to fill out is IRS Form 1040-NR, the Nonresident Alien Income Tax Return, which is used by individuals who are not US citizens or tax residents but have certain incomes or other reportable activities. […]

You took the leap, set up a business abroad, and now you’re living the dream—until tax season rolls around and you hear about Form 5471. Suddenly, the IRS wants details about your foreign corporation, and missing this form could mean steep penalties. If you’re a U.S. shareholder in a foreign business, there’s a good chance you need to file. […]

Wondering who exactly needs to file this form, how to do it, and why it matters? We’ll answer all of these questions and more below.

Tax compliance is a major consideration for any business owner, particularly when dealing with international tax obligations. Form 1120-F, U.S. Income Tax Return of a Foreign Corporation, plays a crucial role in how foreign corporations with U.S. business activities report their income and calculate their tax liabilities. Despite its importance, many international business owners are […]

The US tax system is based on citizenship, which means that American citizens living abroad are required to file US taxes every year, reporting their worldwide income. As American expats often have to file foreign taxes too (depending on the rules in the country where they live), they get longer to file, with expats’ tax […]

If you’re wondering how to amend a tax return, don’t worry — you’re far from alone. Filing US taxes from abroad can be complex. It’s not uncommon for US expats to make errors, only to realize it after they’ve already submitted their return. Fortunately, that’s what an amended US individual income return (Form 1040-X) is […]