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American Expat Taxes

Posted on: July 3rd, 2013 by Expatriate Tax Returns

AS A US CITIZEN earning more than $5,000, you should file an individual tax return reporting your worldwide income every single year. This applies to all U.S. Citizens living anywhere in the world…US or abroad.

The United States is the only country that has a tax filing requirement based on citizenship. All the other countries base tax filing and payment on residency. This is the basis of all the global tax filing confusion.

If you are one of the many, who have not filed since they moved offshore, there is a 6 year statute of limitations for those who owe no tax, which increases to 10 years if you owe money and have not paid. A statute of limitations is basically and IRS regulation that limits the time the government has to request filing and payment of taxes. So if you owe the IRS tax dollars from the year 2003 or prior…you are off the hook. Anything after that, they can and will use all their powers to collect.

Filing does not always generate tax. Most American Expat Tax Returns are informational and report zero taxable income. How is that possible? Simple…the first $95,000 (depending upon the year in question) comes to you federal income tax free, whether or not you paid tax in your “home” country.

If you paid tax in the country you reside, you are also entitled to a foreign tax credit…so that you will usually not pay tax twice on the same income.

To receive the foreign income exemption, you must meet a physical presence test of 330 consecutive days off shore, within the time frame that the tax returns are due, which includes the extensions.

Although April 15th is the normal tax due date, if you are an American Expat you have an automatic extension to file until June 15th. If you owe money, however, interest starts accruing as of April 15. The extensions only relate to filing, not paying …so you may consider filing the extension and paying something to the IRS by April 15. If you owe no tax and need longer than June 15 to file, you can extend to the October 15th final due date by filing a form 4868. If you need to extend later than that to meet the physical presence test, file a form 2350 to have until the end of November to file.

Our US tax laws are not easy to understand. Make sure you are following the letter of the law by seeking out professional help and contacting us today!

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Deanna B.

Expatriate Tax Returns offered me great advice and had my tax return ready to file within hours. Great service!! Thanks! I’m not stressing out about my taxes this year thanks to Expatriate Tax Returns!!! ???? Thanks Expatriate Tax Returns for getting my taxes done so quickly! Great service and advice!!!
2016-07-21T16:51:56+00:00
Expatriate Tax Returns offered me great advice and had my tax return ready to file within hours. Great service!! Thanks! I’m not stressing out about my taxes this year thanks to Expatriate Tax Returns!!! ???? Thanks Expatriate Tax Returns for getting my taxes done so quickly! Great service and advice!!!

Jeremy N

My sister recommended Lauren to me and I’m very glad she did! Lauren was friendly, helpful and knowledgeable. Filing taxes from abroad is new to me and so I wouldn’t have been able to do it without her help! Thanks so much Lauren for always being willing to help and make it work!
2018-05-17T01:51:16+00:00
My sister recommended Lauren to me and I’m very glad she did! Lauren was friendly, helpful and knowledgeable. Filing taxes from abroad is new to me and so I wouldn’t have been able to do it without her help! Thanks so much Lauren for always being willing to help and make it work!

Jason A. Miller

Expatriate Tax Returns is the #1 source for filing U.S. taxes for people living outside the U.S. Diane and her staff are easy to work with, dedicated and highly competent. I will be recommending them to all my friends currently living abroad.
2016-08-10T02:14:36+00:00
Expatriate Tax Returns is the #1 source for filing U.S. taxes for people living outside the U.S. Diane and her staff are easy to work with, dedicated and highly competent. I will be recommending them to all my friends currently living abroad.

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All I can say is WOW! These guys had my taxes done, filed, and my larger than expected refund on the way to my bank account in less than 24 hours! Just plain amazing service. And a bargain to boot.
2016-08-10T02:14:13+00:00
All I can say is WOW! These guys had my taxes done, filed, and my larger than expected refund on the way to my bank account in less than 24 hours! Just plain amazing service. And a bargain to boot.

Laura Folts Field

The last two years Diane and Lauren have been helpful in our transition back to the US. Lauren got our taxes done within 24-48 hours both years which is impressive! I highly recommend them!
2016-08-10T02:13:57+00:00
The last two years Diane and Lauren have been helpful in our transition back to the US. Lauren got our taxes done within 24-48 hours both years which is impressive! I highly recommend them!

Jan A.

I was SO impressed by the extremely helpful assistance and warmth of the people I spoke with that I wanted to write in about it. You have some really professional and talented staff on board who know the importance of treating customers well and graciously. Thank you from Belgium!
2016-07-21T16:54:55+00:00
I was SO impressed by the extremely helpful assistance and warmth of the people I spoke with that I wanted to write in about it. You have some really professional and talented staff on board who know the importance of treating customers well and graciously. Thank you from Belgium!

Rosemary E.

Thank you so much for assisting way beyond our expectations. I reviewed the documents and they look accurate. Salem will be in on Thursday evening from Cairo. We will sign them and overnight the returns. You can bet we will be calling you for 2012.
2016-07-21T16:54:31+00:00
Thank you so much for assisting way beyond our expectations. I reviewed the documents and they look accurate. Salem will be in on Thursday evening from Cairo. We will sign them and overnight the returns. You can bet we will be calling you for 2012.

Brad B.

Thanks. Your firm has the best people I ever seen.
2016-07-21T16:54:11+00:00
Thanks. Your firm has the best people I ever seen.

Richard T.

I would like to give praise for the best tax woman I have ever had a chance to work with. My tax preparer, is a true professional in the sense of the words. She has done my taxes for two years now and I would not let any other person attempt to complete them. I want to thank the Expat tax company for caring for us the way they do.
2016-07-21T16:53:50+00:00
I would like to give praise for the best tax woman I have ever had a chance to work with. My tax preparer, is a true professional in the sense of the words. She has done my taxes for two years now and I would not let any other person attempt to complete them. I want to thank the Expat tax company for caring for us the way they do.

Christian T.

A big thank you to ExpatriateTaxReturns.com!!!! Shout out to my tax preparer who helped turn a very complicated process to a simple one!! I highly recommend you to all my fellow expats out here in Shanghai!! See you again next year!!
2016-07-21T16:53:28+00:00
A big thank you to ExpatriateTaxReturns.com!!!! Shout out to my tax preparer who helped turn a very complicated process to a simple one!! I highly recommend you to all my fellow expats out here in Shanghai!! See you again next year!!

Laurie P.

Reliable, timely and accurate!
2016-07-21T16:53:08+00:00
Reliable, timely and accurate!

Carl V.

Fortunately for me Expatriate Tax Returns can handle all my tax filing needs via email. Easy friendly and prompt. This was my first year using Expat and I was blown away by the service, speed and accuracy of my State and Federal returns. I submitted my W2 and 1099s and everything else to Diane on Saturday and by Monday I had my returns along with detailed instructions for submitting them.
2016-07-21T16:52:38+00:00
Fortunately for me Expatriate Tax Returns can handle all my tax filing needs via email. Easy friendly and prompt. This was my first year using Expat and I was blown away by the service, speed and accuracy of my State and Federal returns. I submitted my W2 and 1099s and everything else to Diane on Saturday and by Monday I had my returns along with detailed instructions for submitting them.

Claudia R.

My tax preparer is very helpful. Wonderful and timely service! Thanks!
2016-07-21T16:52:17+00:00
My tax preparer is very helpful. Wonderful and timely service! Thanks!

Rudy Patros

Diane Siriani at Expatriate Tax Returns not only took the time to prepare my expat taxes, but she answered all my questions quickly. She treated me like a professional and I have now referred many colleagues to her. Thank you so much.
2018-05-17T01:53:32+00:00
Diane Siriani at Expatriate Tax Returns not only took the time to prepare my expat taxes, but she answered all my questions quickly. She treated me like a professional and I have now referred many colleagues to her. Thank you so much.

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