Filing your income tax as a US citizen living and earning abroad can be a daunting task. Many US expatriates are completely unaware that there is more than one way to file an income tax return with foreign earnings, and that in many cases they can even receive a refund – despite the fact that they haven’t paid a penny in taxes!
This quick and easy guide will help you reduce or even eliminate income tax as a US citizen living abroad and earning income from a foreign country. This guide assumes that you understand the basics of filing a tax return, and delves into the different methods the IRS has provided to prevent double taxation, as well as how to maximize certain tax benefits that are available to US expats.
This guide will explain:
1. The two methods used by the IRS to prevent double taxation, and how to choose between them
2. How to maximize your Roth IRA contributions
3. How to get a tax return if you have dependents – even if you didn’t pay a penny in US income tax!
Best of all, even if you missed out on potential refunds in the past, you can file an amended return for the last three years to get the money you’re entitled to!
This quick and easy guide will help you reduce or even eliminate income tax as a US citizen living abroad and earning income from a foreign country. This guide assumes that you understand the basics of filing a tax return, and delves into the different methods the IRS has provided to prevent double taxation, as well as how to maximize certain tax benefits that are available to US expats.
This guide will explain:
1. The two methods used by the IRS to prevent double taxation, and how to choose between them
2. How to maximize your Roth IRA contributions
3. How to get a tax return if you have dependents – even if you didn’t pay a penny in US income tax!
Best of all, even if you missed out on potential refunds in the past, you can file an amended return for the last three years to get the money you’re entitled to!
