IRS Tax Forms For US Expats

Americans living overseas may not be aware of a key rule: all US expats are required to file a US tax return. If you’re an American expat living abroad, Tax Day, June 15, 2022,  is approaching fast. But, if you’re not quite prepared to file your tax return, you have some options. While you can […]

Millions of Americans are based abroad but work for an American company, and a common question they ask is whether they still need an IRS Form W-2 when filing their US taxes from overseas. All American citizens and Green Card holders are required to file a US federal tax return every year, including those living abroad, […]

All Americans have to fulfill the same annual federal US filing requirements, including those living abroad. This includes reporting certain capital gains. A capital gain is the increase of the value of an asset that you realize when that asset is sold. Capital gains (and losses) are reported on Form 1040 Schedule D, however the […]

While the US taxes all US citizens on their worldwide income, including expats, most Americans living abroad won’t have to pay US gift tax, although they may have to report some gifts they make to others. What is the gift tax? The US has a federal gift tax on transfers of money or property to […]

The US tax system is different to other countries, firstly because it is citizenship-based rather than residence-based, and secondly because the US has global financial reach. Being citizenship-based means that all US citizens and Green Card holders have to file a US tax return every year, and report their total global income, no matter where […]

Americans who have a business registered abroad must report it to the RS every year when they file their US taxes. Businesses registered abroad aren’t automatically classified in the same way as businesses registered in the States, and unless expats classify their business electively, they may find themselves with an unexpected IRS corporation tax bill. […]

Expats are most often adventurous and independent-minded – the same character traits that make great entrepreneurs. So it’s no surprise really that many expats choose to start their own business abroad. The first choices that expats face when starting a foreign company is what legal structure their new foreign entity should have, and where to […]

US expats who receive income from investments may have to pay an additional US tax called Net Investment Income Tax, or NIIT. The amount of the NIIT is calculated on Form 8960. What is NIIT? NIIT is an additional US income tax applied to whichever is smaller of your net investment income or your Modified Adjusted […]

Since the nineteenth century, the US has required all American citizens to file a US tax return, reporting their worldwide income, even if they live abroad. This leaves American expats around the world exposed to the possibility of double taxation, having to file taxes both to the US and in the country where they live. […]