US Expat Taxes Explained: Common Expat Tax Forms

  • Form 1040.
  • Form 2555 – Foreign Earned Income Exclusion (FEIE)
  • Form 1116 – Foreign Tax Credit (FTC)
  • Form 8938 – Statement of Specified Foreign Assets.
  • Form 8833 – Treaty-Based Return Position Disclosure.

Do expats need to pay taxes?

Most expats do not pay US expat taxes because of the Foreign Earned Income Exclusion and Foreign Tax Credit benefits. However, expats still need to file taxes annually if their gross worldwide income is over the filing threshold. So even if you do not owe any taxes to the IRS, you still may need to file.

Can US expats use TurboTax?

TurboTax. TurboTax is designed specifically for US taxpayers living and working in America. This means that their support for US Expats is limited because they are “Tax Prep USA Support.” So questions like “how to pay us taxes from abroad” may be tricky for TurboTax to answer.

Which is the best accounting firm for Expat Tax filing?

Our team has experience of previously working with big 4 accounting firms such as Deloitte and PwC and are subject matter experts in the area of US expat tax filing. Our team is based in the US, the UAE and the UK and we have been providing services to Americans living and working in all continents.

What kind of tax services do expats get?

Jessica has provided American expat tax services for a variety of firms, ranging from a tax resolution specialist with the IRS to being an accountant with one of the top 10 public accounting firms. The primary focus in her previous experience was with multi-state partnerships and expatriate tax returns.

Do you have to file US taxes as an expat?

When expats file their US taxes, they can normally claim one or more exclusions (such as the Foreign Earned Income Exclusion) or credits (such as the Foreign Tax Credit, or the Child Tax Credit) that reduce – often to zero – their US tax bill. They must file to claim these though, as they aren’t applied automatically.

Who is the best tax advisor for an American expat?

American expat friend, no matter where you live: if you are ever in need of assistance with your ever-so-complicated tax returns or FBARs, please contact Greenback! I can recommend them without reservation. My angel of a tax advisor went to great lengths and was absolutely reliable, professional, and congenial throughout.