USA Advice

In Part One, we looked at the rules US expatriates have to follow when filing their taxes. In Part Two, we then looked at the specific process of filing the most common forms which need to be completed. In the third and final installment of our series, we will take a look at what to do with the dollars you have left over after you have filed....

In Part One of my ‘Tax Filing for US Expats & the IRS’ I looked at the landscape that US expats face when it comes to filing their annual tax return. The long and short of this article; US citizens and green card holders are subject to worldwide taxation and must file their income tax return annually. In Part Two I want to focus more on the information you need to file your own tax returns....

I often meet US citizens living abroad who are not current with their annual US income tax filing requirement. In some cases, their returns have not been filed for a decade or more. In my experience, this failure to file is usually the result of receiving bad information from friends, or advisors, or a misunderstanding of the Internal Revenue Code, and not an overt attempt to evade paying US taxes....