Wherever you live in the world, you are obligated to file a US expat tax return with the IRS reporting your worldwide income. Along with the regular US expat tax return for income, many individuals are required to submit a report disclosing assets in foreign bank and financial accounts or FBAR, by using FinCEN Form… Read More »

A US citizen living and working abroad can use the Foreign Earned Income Exclusion as a shield against US taxes. Here is how to maximize the value of the Foreign Earned Income Exclusion (FEIE) in 2018. Qualifying for FEIE An individual able to establish that his or her “tax home” is outside of the U.S.… Read More »

If you are living or working outside the United States, you generally must file and pay your tax in the same way as people living in the U.S. This includes people with dual citizenship. In addition, U.S. taxpayers with foreign accounts exceeding certain thresholds may be required to file Form FinCen114, known as the “FBAR”… Read More »

Wherever you live in the world, you are obligated to file a US expat tax return with the IRS reporting your worldwide income. Along with the regular US expat tax return for income, many individuals are also required to submit a report disclosing assets in foreign bank and financial accounts or FBAR, by using FinCEN… Read More »

Wherever you live in the world, you are obligated to file a tax return with the IRS, reporting your worldwide income. Along with the regular tax return for income, many individuals are also required to submit a report disclosing assets in foreign bank and financial accounts by using FinCEN Form 114 (FBAR).  What about tax… Read More »

Wherever you live in the world, you are obligated to file a tax return with the IRS, reporting your worldwide income. Along with the regular tax return for income, many individuals are also required to submit a report disclosing assets in foreign bank and financial accounts by using FinCEN Form 114 (FBAR). But what about… Read More »

Wherever you live in the world, you are obligated to file a tax return with the IRS reporting your income. Along with the regular tax return for income, many individuals are required to submit a report disclosing assets in foreign bank and financial accounts by using FinCEN Form 114 (FBAR). What about tax returns for… Read More »

Where ever you live in the world, you are obligated to file a tax return with the IRS, reporting your worldwide income. Along with the regular tax return for income, many individuals are required to submit a report disclosing assets in foreign bank and financial accounts by using FinCEN Form 114 (FBAR). But what about tax… Read More »

  In today’s worldwide economy, it is commonplace for U.S. taxpayers to have financial accounts (banking, pension, investment, etc.) located outside of the U.S. They may be surprised to know that just by keeping money in a foreign account you might have to file a special form with FinCEN, the U.S. Treasury Department’s Financial Crimes… Read More »

Wherever you live in the world, you are obligated to file a tax return with the IRS reporting your worldwide income. Along with the regular tax return for income, many individuals are also required to submit a report disclosing assets in foreign bank and financial accounts by using FinCEN Form 114 (FBAR). However, what about… Read More »