The “A” word – I’m being AUDITED, now what?! The “A” word may be in the top 10 of scariest words ever! Am I in trouble? Was I flagged? Not necessarily. Some reasons your return could be picked for an audit include: random sampling, computation errors, computer screening, excessive deductions, and large charitable contributions. Respond…
Expat Tax Preparation Made Easy Dealing with a tax preparer for your expat tax return can feel overwhelming. Knowing what documentation you will need to provide will make it easier for you. You can use this as a guideline for information to save. The Questionnaire – Your tax professional will ask you to provide the…
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…
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