American citizens living in Canada or overseas are required to file U.S. income tax returns regardless of whether or not they have income from U.S. sources or a U.S. tax liability, and regardless of how long they have been abroad.
Americans living and working outside the United States must report all of their worldwide income based on U.S. 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.
- Foreign tax credits
- Foreign earned income exclusion
- Foreign bank account reporting disclosure
- Foreign pension or retirement savings disclosure
- Restatement of foreign brokerage capital gains or losses for U.S. purposes
- Passive foreign investment company reporting (for mutual funds outside the U.S.)
- Controlled foreign corporation or foreign partnership reporting
Ensuring your compliance with U.S. expatriate tax requirements
Citizen Abroad Tax Advisors has the knowledge and experience to help American expatriates comply with their U.S. income tax obligations. We identify areas in your foreign affairs that may create tax or compliance issues—today and in the future—and work closely with you to ensure you’re meeting your requirements.
Let our tax specialists help you with your U.S. expatriate income tax return. Contact us for an estimate.
Links and resources
Find out which tax forms are most often filed by U.S. citizens living abroad >>