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US Expatriate Taxation

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Information about us taxation for Americans living overseas.

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US Expatriate Taxation

  1. 1. Helping you piece together the Expat tax puzzle
  2. 2. Helping you piece together the Expat tax puzzle US Expatriate Tax Guide: Who is required to file a US Tax Return? • All US Citizens and green card holders are required to file a Federal Tax return each year if their income is over the minimum threshold. • It doesn’t matter if you earn your income in the USA or abroad and it doesn’t matter if you pay taxes locally. • The thresholds are currently: – Single with income over $8,950 – Married filing jointly with income over $17,900 – Married filing separately with income over $3,500
  3. 3. Helping you piece together the Expat tax puzzle US Expatriate Tax Guide: What are the filing deadlines? • April 15th is the tax deadline in the USA, it is also when any taxes you owe are due to the US Government (after April 15th you will need to pay interest on any taxes owed) • June 15th is the US tax deadline for Americans living abroad • October 15th is the final date you can file an extension until. To file an extension you will need to complete Form 4868 which you can do on line (for instructions please visit our FAQ’s)
  4. 4. Helping you piece together the Expat tax puzzle US Expatriate Tax Guide: What is the Foreign Bank Account Form? • If you have over $10,000 or the equivalent in a foreign bank account you must report it to the US Treasury. To be exact a “US Person” defined as a citizen or resident of the US, a domestic partnership, a domestic corporation, or a domestic estate or trust, must report this each year or face stiff fines and potential jail time. • To report this money you need to complete Form TDF 90-22-1 by June 30th. Even if you get an extension for your tax return you will not get an extension for this Form. • If you don’t file the Foreign Accounts Form you may face both fines and potential jail time so please insure you file this form. Help in completing Form TD F 90-22.1 online at IRS.gov. Questions regarding the FBAR can be sent to FBARquestions@irs.gov.”
  5. 5. Helping you piece together the Expat tax puzzle US Expatriate Tax Guide: About Greenback Tax Services • Greenback Tax Services specializes in US Tax Return preparation for US citizens living abroad. • Greenback offers a straight-forward, internet-based tax services for Americans living abroad for a low fixed price. • Our CPA’s have over 30 years experience and are experts in the preparation of US Tax Returns for American Citizens and green card holders living and working abroad. • To contact us please visit our website at www.GreenbackTaxServices.com or email us at info@GreenbackTaxServices.com.

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