Americans who have a total of over $10,000 in qualifying financial accounts held at foreign institutions at any time during the year are required to file an FBAR.
Expats with a foreign registered business that qualifies for the Repatriation 'Apple' Tax should note that the first installment is now not due until next year.
When expats file form 1040, they must elect whether to file as a single taxpayer, a married taxpayer, or as a head of household. For some expats, filing as head of household may save them money.
How expats with a foreign business report it (including tax classification), depends on the type of business and the expat’s circumstances.
If you’re an American citizen or green card holder, you’re required to file US taxes wherever in the world you live, reporting your worldwide income.
US citizens are required to report their worldwide income to the IRS by filing a federal tax return each year, wherever in the world they happen to live.
Tokyo is a thrilling place to live. The only downside is that US expats in Tokyo are required to file both US taxes as a US citizen, and Japanese taxes as a Japanese resident.
The Foreign Account Tax Compliance Act, better known as FATCA, has had a profound affect on US expats worldwide. In this article we update expats regarding 2018 FATCA news.
While many tax audits are chosen at random, there are some red flags that can increase the chances of US expats receiving an IRS audit letter.
To avoid having to pay US taxes, expats must file extra forms to claim one or more of the exemptions that the IRS has made available for this purpose.
All Americans, including US expats, who have over $10,000 in foreign bank and investment accounts, including any account they have any control over, at any time during the year are required to file an FBAR.
US expats receive a number of automatic IRS filing extensions, while there are others available that they can claim if required.
Expats may be able to utilize a Totalization Agreement provision to avoid paying social security contributions to both the US and in their host country.