As an American living overseas, each year you have to gather the information required to file a U.S. return.  Unlike your compatriots, residing across the pond comes with its own process: complicated and with more risk and penalties.  The following article sheds light on the expat, tax forms you will need in order to file your return.

This is the time of the year for millions of Americans to begin the annual ritual of gathering information about income, taxes, charitable giving, health insurance, expenses and sundry other items, and prepare to send mountains of information to the IRS –and to those who prepare their tax returns.

Overseas Americans are no exception, as practically all Americans with any income anywhere in the universe are required to file a U.S. return. As most expats are painfully aware, this process is not only more complicated than for their compatriots back home, but the risks and potential penalties are higher even for simple mistakes.

U.S. expats generally fall into three categories: a) working with a paid tax return preparer; b) filing their tax returns on their own; c) unaware of or unwilling to be in either category.

Full Article from WSJ

If you are an EXPAT that needs help with your US taxes, please contact one of our JMF International Practice Group team members.

Topics covered include:

  • FACTA
  • FBAR
  • FINRA