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International Information Return (IIR) Tax Penalties Explained
If you have foreign financial accounts overseas, or engage in other financial activity abroad, you might have to file several international information returns (IIRs) with the IRS. Such reporting requirements apply to all taxpayers, even expatriates. International...What Are the Tax Implications of Owning Foreign Property or Investments
American expats often build a life in a new country by buying property like a home or creating financial stability with investments. As long as taxpayers are still U.S. citizens, their financial decisions might come with certain tax obligations. Your first order of...Can I Amend Previous Tax Returns to Correct Any Errors or Omissions Related to My Expat Status?
Taxes are difficult whether you are filing from the United States or living abroad. As such, many American expats make unintentional tax mistakes and must fix them. A CPA can help you file an amendment from overseas. American citizens can file amendments correcting...Do Americans Abroad Have to File IRS Taxes?
When moving abroad, many prospective expatriates are often concerned about their American tax liability? Will you have to report your income to the IRS? Do you have to pay taxes? To put it plainly, yes. You will have to file taxes with the IRS if you are an American...How Does the Timing of My Move Affect My Tax Residency Status and Filing Requirements?
How long you have lived somewhere might impact you come Tax Day, especially if you have recently moved. The timing of your move could dictate your residency status and, by extension, tax filing requirements in the United States. Expats that move abroad will always...