To File U.S Tax Returns Is Now Easy With Taxes For Expats
The unique aspect of federal income tax in the United States lies in the premise that U.S citizens, including those who do not live in the United States, are subject to U.S income tax on their worldwide income. If you have just located abroad and want to file your US tax return then you cannot avoid learning a great deal of tax related information.
Americans living and working abroad can often avoid most or all U.S tax. The foreign earned income exclusion on Form 2555 allows you to exclude up to $91,500 of salary and bonus, plus the cost of housing in excess of 16% of the maximum exclusion amount.
Generally there are two ways for expatriates to qualify for foreign income exclusion. One way is to become bona fide resident of the foreign country. The other way is to be physically present overseas a total of 330 days in a 12 month span. Note, these periods can overlap in case of a partial year. In this case, the filing due date follows the completion of each full year abroad.
As expatriate tax return can be significantly more complex than domestic U.S tax, it is recommended to consider expat tax. Expert tax preparers specialize in helping Americans who live abroad and provide accurate and money-saving results. Expatriates are provided with an easy, systematic process which ensures that the expatriate taxpayer would be cross checked for all possible deductions.
Taxes for Expats offers U.S Income Tax Preparation and Advisory Services for U.S citizens, resident and non-resident aliens living all over the world. With decades of expatriate tax, you can trust in their proficiency to stay updated with recent amendments in U.S tax law, foreign income exclusions, tax credits and treaty benefits to meet full U.S tax compliance.
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