The Internal Revenue Service recognizes that some US citizens and resident aliens living overseas have failed to report foreign accounts and income as required under
The IRS issues an Individual Taxpayer Identification Number (ITIN) to individuals who are not eligible to obtain a Social Security Number (SSN) but are required
For individuals who are not US citizens or permanent residents, determining their US tax residency can be a complex process. The US tax code uses
The Bona Fide Resident Test (BFR) is one of two tests used by the IRS to determine an individual’s eligibility for the foreign earned income
The Physical Presence Test is one of two tests used by the IRS to determine an individual’s eligibility for the foreign earned income exclusion (FEIE).
The foreign housing exclusion is a tax benefit that allows U.S. taxpayers who work and live abroad to exclude certain housing expenses from their taxable
As an American citizen living and working abroad, you may be eligible for the Foreign Earned Income Exclusion (FEIE), which allows you to exclude a
PFIC stands for Passive Foreign Investment Company, and it is a term used by the IRS to describe certain foreign corporations. A PFIC is any
As US citizens and residents with financial accounts overseas, there are certain reporting requirements you need to be aware of. One of the most important
As a US green card holder, you are considered a US tax resident and are subject to US federal income tax on your worldwide income,
Imagine, you are on a vacation to Maldives. Mesmerizing view of the ocean from the beach house in Maagau Island seems overwhelming. Filled with joy
FATCA (Foreign Account Tax Compliance Act) is a federal law that requires US taxpayers to report their foreign financial accounts and offshore assets to the
The 1040 form is the same for Individual US Expats living abroad as it is for US Citizens or Green Card Holders living in the
