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IRS Form 2555 Requirements

irs form 2555 instructions
Form 2555 is one of the major US tax forms for American expats. Americans living abroad are subject to US expat tax filing requirements and have to report their worldwide income. However, US expats can file IRS forms 2555 or 2555 EZ to claim the foreign income exclusion and foreign...
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IRS Revenue Ruling: Fideicomiso is not Foreign Trust

IRS Revenue Ruling in regards to Fideicomiso or so-called Mexican Land Trust has been a welcome development for many American expats in Mexico. Fideicomiso trust has been a popular topic among American expats living in Mexico. In 2012 and the beginning of 2013 many Americans in Mexico received the IRS...
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Filing Back Tax Returns

Filing back tax returns can be a demanding as well as time-consuming task for many US taxpayers. Moreover, American ex-pats living abroad face even more challenges since many Americans residing overseas have to file the FBAR and other complex overseas tax forms as a part of US expatriate tax returns....
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What is PFIC?

what is pfic
American expats living and working abroad expand their investment choices outside of US stocks and US mutual funds. Most of the time US expats have a foreign pension account or they own directly foreign stocks. It is absolutely legal to own overseas investments. The issue that many US expats face...
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Foreign Spouse: Choosing Tax Return Filing Status

US expats living overseas usually have a lot of questions about US tax return filing status with a foreign spouse. If a nonresident spouse is a green card holder, then it is definitely more advantageous to file married filing jointly with a foreign spouse. The overseas tax situation becomes more...
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