Taxes For Expats: Hassle Free Expats Tax Preparation System

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 a 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.

As expatriate tax return can be significantly more complex than domestic U. S tax.

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