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New IRS Streamlined Program for Delinquent American Expatriates

streamlined us expat tax
Effective September 1, 2012, the IRS has introduced a new streamlined procedure for American expatriates living abroad who need to file late US tax returns. American expatriates who have lived outside the United States since January 1, 2009 can become tax compliant by filing only 3 years of tax returns...
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FBARs (Report of Foreign Bank and Financial Accounts)

Many American expatriates living abroad and dual citizens are required annually to report foreign bank and financial accounts to the U.S. government on Form TD F 90-22.1, (often referred to as FBARs) and are required to pay U.S. tax on income of those foreign accounts, as appropriate. FBAR stands for Report...
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Foreign Housing Exclusion for Americans Abroad

What is Foreign Housing Exclusion or Deduction? If you are a U.S. citizen or a green card holder, you are taxed on your worldwide income. However, you may be able to minimize your US tax liability by utilizing certain provisions under Internal Revenue Code section 911.   Foreign Housing Exclusion...
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What is FATCA | US Expats

American expats living abroad who have never filed a US expatriate tax return and who believe that the IRS would never find them should think twice. Earlier we wrote What is FBAR. Another reporting requirement has been introduced in 2011. What is FATCA? FATCA is a powerful tool that will...
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Foreign Nationals in the USA and filing requirements

If you are a foreign national doing business or working in the United States, you are required to file a tax return if your U.S. source income is greater than your personal exemption ($3,700 in 2011). To “file a return” means to send it to the IRS, either through the...
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