Tax Extensions for Americans Living Abroad

It’s important for US expats living abroad to know that many of the tax filing deadlines and available extensions differ considerably compared to filing within the US.  The following is a chronological listing of the filing deadlines and extensions applicable to US expats over the course of the tax year. April 15th – Federal Income […]

What Is Included in the American Rescue Plan?

The American Rescue Plan Act of 2021 (ARPA) is the most recent US government Coronavirus relief package, consisting of $1.9 trillion of comprehensive economic assistance to individuals, businesses, and state and local governments.  This article will cover the key provisions of ARPA which impact American expatriate taxpayers and their families.   The Third Stimulus (Economic […]

How to File an Amended Return

IRS Form 14438 Streamlined Filing Procedures

You’ve already filed your federal tax return, but then you realize you mistakenly left out some income you received, or forgot a deduction that would help your bottom line, left out a form, or filled one out wrong.  What can you do about it, after the fact? Not to worry – the IRS offers a […]

FAQs About IRS Streamlined Filing Compliance Procedures

IRS Form 14438 Streamlined Filing Procedures

What Is The Purpose of The Streamlined Filing Compliance Procedures? The IRS Streamlined Filing Compliance Procedures are intended to bring delinquent taxpayers back into annual compliance with their US tax reporting responsibilities by filing their delinquent returns for a certain number of tax years, reporting their worldwide income and disclosing their foreign assets, accounts and […]

What Are FBAR Reporting Requirements?

Most US expats are aware that they may have an ongoing requirement to file US income tax returns yearly, if they earn income abroad.  However, there is a less well-known US requirement to file what is known as a Foreign Bank Account Report (FBAR), for which many expats with foreign financial accounts are responsible.  Failing […]

What is FATCA Reporting & Am I Subject To It As an Expat?

  You may have heard the term FATCA, and know that it relates somehow to increasing IRS and Treasury Department tax compliance efforts against tax evasion by US taxpayers holding financial accounts and other financial assets abroad. You may be wondering whether (and how) FATCA might affect you personally as an expat taxpayer, even though […]

Do US Expat Taxpayers Have to Continue Paying US Taxes While Living Abroad?

  As a US expat living abroad, are you unsure whether you need to continue to file US federal tax returns and pay US federal taxes?  Despite what you may have heard, the answer is yes – US taxpayers residing abroad and earning foreign-source income still have an ongoing requirement to file their US returns […]

Back Taxes For US Expats – How Many Years Back Can You File?

It’s quite common for US expats to fall behind in filing their US tax returns while living abroad – whether thinking they no longer need to file, since they’ve established residency in another country paying taxes there, or simply being busy trying to adjust to a completely different culture, living and work environment abroad. However, […]

2021 Tax Update for U.S. Expats: What You Need to Know

The Coronavirus pandemic has had global repercussions which will continue well past 2020. Its far-reaching effects mean that filing taxes for U.S. expats in the 2021 tax season will differ from prior years, as the IRS and other government agencies have rolled out various COVID-19 relief options and requirement waivers for certain tax benefits. As […]