01/07/2019
Americans living abroad are required to file US taxes, reporting their worldwide income. To avoid paying any US taxes when they file, expats can claim one or more exemptions that the IRS has made available. There are also additional reporting requirements for US expats, notably reporting their foreign financial accounts annually by filing a […]
12/06/2018
All American citizens and green card holders, including expats, are required to file an annual federal tax return, reporting their worldwide income. Filing a US tax return from abroad as an expat is typically more complex than filing in the US though due to additional filing requirements. For example, the majority of expats can avoid […]
11/08/2018
American expats are fortunate in many ways, not least because living abroad and engaging with another culture is the experience of a lifetime. There is one sense in which US expats are less fortunate though, in that they are required to file US taxes from abroad, reporting their worldwide income, regardless of whether they are […]
10/04/2018
The US has an unusual tax system that requires all Americans to file US taxes, whether they live in the US or abroad, reporting their worldwide income. Many US expats aren’t aware of this requirement, so they only concentrate on filing and fulfilling local tax obligations in the country where they live. Many expats also […]
08/23/2018
With President Trump’s former campaign manager Paul Manafort having been found guilty this week of eight out of the eighteen charges that he faced, the acronym FBAR has been in the news again. An FBAR (Foreign Bank Account Report) is an important reporting requirement for Americans with overseas financial accounts, including millions of expats, many […]
08/09/2018
Filing US taxes from abroad has been a requirement for American expats for around 150 years, however until recently it wasn’t a requirement that the IRS was able to enforce, so many expats didn’t bother. Since the 2010 Foreign Account Tax Compliance Act (often referred to as FATCA) however, the IRS now has access to […]
07/09/2018
American citizens and green card holders are required to continue filing US taxes, reporting their worldwide income, after they relocate abroad. This is because the US taxes based on citizenship, rather than on residence like most other countries. When they file, expats can claim one or more exemptions such as the Foreign Tax Credit […]
06/11/2018
Many expats are surprised and sometimes alarmed to learn that they are still required to file US taxes from abroad, reporting their worldwide income. To prevent double taxation, the IRS has put in place several exemptions that expats can claim when they file, such as the Foreign Tax Credit for expats paying taxes abroad, and […]
05/07/2018
All American citizens and green card holders whose annual income exceeds $10,000, or just $400 of self-employment income, are required to file a US tax return every year reporting their worldwide income. Unlike most other countries, the US tax system doesn’t recognize Americans who live abroad as being any different to those who live stateside, […]
03/08/2018
Because the US taxes based on citizenship rather than on residence, all Americans are required to file US taxes, reporting their worldwide income, wherever in the world they live. The good news is that there are some exemptions available for expats that either reduce or in many cases eliminate their US tax liability, such […]