If you live abroad and were unaware of your American tax liability until now, the streamlined offshore tax filing compliance procedures provided by the IRS might allow you to avoid penalties. The IRS has an amnesty program that allows expatriates who have failed to...
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...
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...
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...
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 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...