As a U.S. person* living abroad, you might think that what you have in the bank overseas is none of the U.S. Government’s business. But you would be wrong; unfortunately, it is their business to know, even if the money is attracting zero percent interest or part of your “emergency only” fund. FBAR stands for […]
What are FBARs and why do they matter to the IRS? Read More »
Renouncing your U.S. citizenship is easy – sort of. As a U.S. expat, having to file tax returns in your country of residence and back in the States can be a time-consuming past-time and an expensive one if you have to pay tax in both. You may even be considering renouncing your American Citizenship as
I forgot to file my expat U.S. tax returns. What can I do about it? You are having the time of your life living overseas and have forgotten to file your U.S. Expat Tax returns. Oh no, will I be fined a huge amount for having fun instead? Don’t worry; the IRS acknowledge how easy
How to ask for forgiveness from the IRS for forgetting to file your expat tax returns. Read More »
