Totalization agreements are basically international social security agreements. The US has signed these agreements with different international countries having similar social security programs. Find out more about 24 countries that have totalization agre
When in a foreign country your tax return needs to be sent by post to the Department of Treasury. Also, the estimated tax payments need to be mailed to the Internal Revenue Service department.
If you were working abroad but are now permanently retired, you can claim moving expenses under deductions scheme.<br>However, point to be noted here is that your former main job location and your former home, both must have been outside United States.
Normally if you are a US citizen working in a foreign country then you need to pay US tax on the foreign earned income and will need to file an Expatriate Tax Return.
The Bona Fide Resident Test can helping you to attain exclusion from foreign earned income and foreign housing To qualify for the bona fide residence test, you have to be a bona fide resident of a foreign country for a continuous uninterrupted period
US Expats must definitely look at the various considerations well in advance of the due date. This helps in making sure they can file their tax returns without facing any complications. Read more at http://www.articlesbase.com/taxes-articles/expatriate-ta
The income threshold that is tax free when you are an expat, in 2014, is $95,100. This exclusion is only on earned income.<br>Other sources of income like capital gains, rent, interests , dividends and similar ones, not requiring personal efforts,
Expat CPA Tax services is a professionally licensed accounting office registered in the state of North Carolina.
When you are an American citizen but residing in a foreign country there are certain deductions that you can make from your income when filing a US Expatriate Tax Return
While living abroad, you might decide to open new bank accounts as well to ease your financial transactions but these too need to be reported to the US Treasury. If you don’t, you would be in for paying huge penalties, regardless of the statement you put
