IRS Streamlined Procedure For Expats

It may leave many US citizens living overseas scratching their heads, but US expats are required to file an annual federal US tax return, reporting their worldwide income, despite living abroad, if they earn over $10,000 a year, or just $400 of self-employment income. When they file, expats can claim one or more exclusions such […]

American expats are required to files US taxes, reporting their worldwide income. Many assume though that once you don’t live in the US (or have any income there), you don’t have to file a federal tax return any more. This can prove a costly assumption! While the US has tax treaties with a around 100 […]

It’s tax time again, and many expats are discovering for the first time that Americans living abroad have to file a US tax return too, just as if they were living Stateside, reporting their worldwide income. Americans who have been living abroad but haven’t been filing need to catch up to avoid possible penalties. Most […]

American expats are still required to file a US federal tax return to the IRS. As expats also have to comply with the tax rules in the country where they live, it’s counterintuitive but nonetheless important that they file US taxes too.   Taxing US citizens abroad, or Citizenship (rather than Residence) Based Taxation, dates […]

Living abroad is an incredible adventure that inevitably broadens our horizons and minds, thanks to the perspective we gain from living in a foreign country and experiencing a new culture.   American expats still have to file US taxes however, as well as comply with the tax rules in their host country. This is because […]

There are around 9 million Americans living oversees, and the IRS has its sights set on those expats who aren’t up to date with their US tax filing. All American citizens and green card holders are required to file a US tax return, however because the US is the only developed nation to tax its […]

There are lots of scare stories going around about the possible consequences for not filing US taxes as an expat. You may have heard for example about US passports being revoked, sizable FBAR penalties, and banks closing expats’ accounts because of FATCA. So if you’re an expat who’s behind with their US tax filing, you […]

For decades, US expats lived in peace, beyond the reach of the American tax system, despite being theoretically obligated to file US taxes on their worldwide income from abroad by American’s citizenship based taxation regime. Then came FATCA, the 2010 Foreign Account Tax Compliance Act. Designed to address tax evasion in the wake of the […]

Due to the US’ citizenship based taxation system, all Americans are required to file a US tax return and declare their worldwide income if they earn over around $10,000 (or just $400 of self-employment income) – including Americans living abroad. Many American expats aren’t aware of this requirement to file US taxes from overseas though, […]

The Streamlined Procedure and the OVDP (Offshore Voluntary Disclosure Program) are both IRS amnesty programs that allow American taxpayers who are behind with their US tax filing to catch up. They are very different though, and once you have filed using one, you can’t change your mind and use the other, and using the wrong […]