Americans Living or Working Abroad
As an American considering moving or working abroad, it is essential to know how this major life event will affect your residency from a U.S. tax perspective in order to understand and plan your U.S. tax.
With Citizen Abroad you can feel confident that your tax returns and disclosures are complete, in compliance with current income tax law, and always in your best interest.
US citizens living overseas are required to file US income tax returns regardless of whether or not they have income from US sources or a US tax liability, and regardless of how long they have been abroad.
Many US citizens abroad are mistaken in thinking that if their income for the year is below the Foreign Earned Income Exclusion there is no need to file a US return annually, this is incorrect. A US return must be filed annually in order for a taxpayer to claim the Foreign Earned Income Exclusion.
Americans living and working outside the United States must report all of their worldwide income based on US tax law. This can be more complicated than simply preparing and filing an IRS Form 1040: there are often calculations and disclosures in an expatriate tax return that domestic tax accountants might miss or be unfamiliar with.
Citizen Abroad Tax Advisors has the knowledge and experience to help US expatriates comply with their US income tax obligations. Additionally as US and Canadian CPAs, we identify areas in your current situation that may create cross-border tax and compliance issues—today and in the future—and work closely with you to ensure you’re meeting your US tax requirements.
Our expatriate tax advisors can assist you with:
Introducing you to trusted tax professionals in your destination country (if not the US) and to our network of cross border financial investment teams, wills and estate attorneys, and immigration and relocation professionals who can assist you with all other aspects of your move.
Let our tax specialists help you with your American expatriate income tax return. Contact us for an estimate.