Expatriate Tax Return for Americans

Distinctive Aspects of U.S. Tax Filing & Regardless of Where You Live:

All U.S citizens & Green Card holders are required to report all worldwide income. International Assignees and US expatriates can leverage unique tax advantages, including but not limited to:

• • Foreign income exclusion (IRS form 2555)

  • Housing allowance (IRS form 2555)

  • Foreign Tax Credits and other offsets (IRS form 1116)

Dual FBAR and IRS Form 8938 Requirements:

U.S. nationals, Green Card holders, and International Assignees (H, L, O visa holders) must adhere to federal tax regulations requiring the reporting of foreign financial account. 

This encompasses a broad spectrum of assets, such as:

• Offshore bank deposits 

• Stock holdings, mutual funds, bonds

• Financial interests in overseas corporations and partnerships. 

A stiff penalty could be imposed for noncompliance.  Further federal regulations mandate its dual declaration requirement: On IRS Form 8938 and separately a direct report at the Treasury Department's website.   

To facilitate the tax filing process, a questionnaire is available upon request or for download below.  Most services for expats can be conducted remotely, ensuring the confidentiality of your information. 

You always have a second chance. In the event of prior non-reporting of offshore accounts, the IRS provides an ongoing forgiveness program (OVDP), offering a second chance for compliance. Explore the OVDP Streamline Express, and let us assist you on your path to tax compliance.