Expats are not exempt from U.S. tax returns! Living overseas does not exempt U.S. citizens from filing and/or paying taxes in the United States. Even if you pay taxes in your host country, you still need to file a tax return in the United States. Whether or not you will owe taxes, is something that…
Sure I can still prepare my own tax return…Can’t I?! Many people file their own U.S. tax returns, and do it well. However, now that you are an expatriate, is it still possible? Here is a list of advantages and disadvantages to preparing your own tax return as an expat. Reasons to prepare your own…
Name: Stephanie B. a.k.a ‘La Mom – An American Mom in Paris’ Where are you from: San Francisco Where are you now: Paris, France Why did you move overseas: Who says no to an opportunity to move to Paris? I was offered a job transfer to fill in for a colleague on maternity leave. The…
Report of Foreign Bank and Financial Accounts (FBAR) Did you realize that all US citizens must report all foreign bank account activity to the IRS? FOREIGN BANK ACCOUNT(S) UNDER $10,000 …check the box on Form 1040, Schedule B. FOREIGN BANK ACCOUNT(S) OVER $10,000…check the box on Form 1040, Schedule B AND file a Foreign Bank…
Repatriating Back to America Meet Debra, she spent almost 14 years in England and is now back in the USA! Here is her story: Why I went abroad – to be with Lewis. Not necessarily to marry Lewis but we knew if we wanted to stay together we would need to marry within the six…
IRS Reduces Filing Requirements for American Expats The kinder, friendlier IRS has temporarily reduced their statute of limitations for tax return filing for American expats from 6 years to 3 years as long as you are a “low risk” taxpayer who owes $0 to $1,500 of tax to the US government. That’s right file 2009,…
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