Becoming an expat may sound like the exciting adventure of a lifetime, but that doesn’t mean it’s easy – particularly when it comes to your hard-earned money. There are three key things expats and astronauts have in common: the love of adventure, the embracing of the unexplored, and a healthy store of courage. But there’s […]
Note: We (BlackExpat.com) recommend Taxes for Expats because of their transparent flat fee service, years of experience and excellent customer reviews. Source: TFX Why Americans Abroad Should File U.S. Tax Return 1. First and foremost, it’s the law – If you are a U.S. citizen or resident alien, you must report income from all sources […]
Source: Taxes for Expats WHAT YOU NEED TO KNOW: No matter where you reside – you must file. All US citizens and Green Card holders must (if they meet minimum filing thresholds) file an annual tax return reporting their worldwide income. While all must file – most don’t owe. The good news is that […]
Source: irs.gov U.S. Citizens and Resident Aliens Abroad If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Your worldwide income is subject to U.S. income tax, regardless of […]
As a U.S. citizen or green card holder residing abroad, you have to file a U.S. tax return on your worldwide income. The U.S. has tax treaties with many countries, which allows the federal government to exchange data on its citizens for tax purposes. Most importantly, if you do not file a tax return for […]
