08/13/2020
American expats are required to file US taxes every year by virtue of having US citizenship, even if they have to file foreign taxes in another country too. The international tax treaties that the US has signed with other countries don’t prevent expats from filing US taxes or protect them from double taxation. In fact, […]
07/02/2020
All Americans whose global income exceeds the IRS minimum thresholds have to file a US federal tax return each year, including expats. Minimum filing thresholds can be low, for example just $400 of self-employment income, or just $5 for Americans who file separately from their spouse, such many US expats married to a foreigner. Expats […]
10/21/2019
All Americans, including expats, are required to file US taxes every year, reporting their global income. Tax Treaties don’t inherently prevent expats from having to file or pay US taxes. Instead, expats can claim IRS provisions to achieve this by filing additional forms when they file their federal return. These provisions include the Foreign Tax […]
09/09/2019
Many US expats are surprised to learn that they are still required to file US taxes from overseas. While it’s true that all American citizens have to file though, reporting their worldwide income, wherever in the world they live, it’s also true that the majority of expats don’t end up owing any US income tax […]
08/08/2019
The IRS has released a new draft Form 1040 for 2019 tax year (filing in 2020). While the new form is still in a public consultation phase, it’s notably different from the current Form 1040, which itself was only introduced just in time for the 2018 tax year and was a big departure from the […]
07/15/2019
All Americans are required to file US taxes if they meet minimum income thresholds, including their global income, regardless of whether they live in the US or abroad. This leaves many expats having to file twice, to the country where they live as well as to the US. Thankfully, when they file, they can claim […]
02/14/2019
Living abroad is the opportunity of a lifetime, however it can be slightly marred for American expats because they are required to continue filing a US tax return from overseas, reporting their worldwide income. Expats filing in 2019 however will find that form 1040 is new, for the first time in decades. Will new […]
12/03/2018
Americans who move abroad are required to continue filing US taxes, reporting their worldwide income, wherever in the world they may live. The US is almost unique in having this requirement for expats to file. As expats may also have to pay taxes in the country where they live, the IRS has provided some exemptions, […]
11/21/2018
What is form 8858? The IRS requires US taxpayers who are owners of Foreign Disregarded Entities to file form 8858, Information Return of US Persons With Respect to Foreign Disregarded Entities. What is a Foreign Disregarded Entity? The IRS defines a Foreign Disregarded Entity (FDE) as “an entity that is not created or organized in […]
11/05/2018
Americans living abroad are required to continue filing a U.S. federal tax return, reporting their worldwide income. To avoid having to pay U.S. taxes, expats must claim one or more exemptions that the IRS has made available for them, such as the Foreign Earned Income Exclusion and the Foreign Tax Credit by filing additional forms. […]