US Tax & Banking

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IRS Links

The following IRS pages have been put together specifically for international taxpayers (US citizens, green card holders and resident aliens living abroad):

 

IRS US Citizens and Resident Aliens Abroad


IRS basic information for international taxpayers including definitions, Tax ID numbers, income exclusions and more

 

Filing and Forms

Find information about filing taxes on our Filing Options page.

For...

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Tax Planning

We have compiled external advisory content, whose links below will take you to external websites.

 

Tax planning for Americans Living Abroad webpage provides some basic FAQs for beginning questions on tax planning while living abroad, you can also see their expat planning guide

10 Tax Planning Tips for the end of the year. Tax planning between now and the end...

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Compliance Issues

Non-compliance has serious penalties, but the good news is that for late and non-filer expats the IRS has a procedure for low-risk taxpayers to catch up - without penalties - if they now voluntary file returns for the last 3 years and FBARs for the last 6 years.

 

IRS Announces Efforts to Help US Citizens Overseas Including Dual Citizens and Those...

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Income Tax

US Social Security & Medicare taxes may still apply to what you earn for services performed as an employee or independent contractor outside the US. When do they apply? See the article IRS Social Security Tax Consequences of Working Abroad.

IRS The 3.8% Net Investment Income Tax: information about key planning opportunities and pitfalls presented by the Patient Protection and...

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Tax Basics

Even though few US citizens and green-card holders living abroad owe any US taxes, most are required to file with the US government:

  • US tax return to report their worldwide income; and, to report their foreign (non-US) financial accounts
  • Form 8938, Statement of Specified Foreign Financial Assets, (filed with their tax return)
  • FBAR = Report of Foreign Bank and Financial Accounts...
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EU hearing on FATCA implementation

On Tuesday, May 28, the Economic and Monetary Committee of the European Parliament held a public hearing on the implications for Europe of FATCA implementation.

FAWCO and AARO wrote to two members of the EU Committee expressing concern for two segments of the population they represent: Europeans with American spouses or domestic/business partners, and "accidental" Americans with dual nationality, who...

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OAW 2013 - Position Paper on Banking

Americans Abroad are Denied Access to Banking and Investment Opportunities

Americans living and working overseas should have the right to banking and investment services, where they reside and in the United States. This is critical in the modern world. Americans abroad should not be subject to discriminatory policies that restrict or shut down banking relationships.

Many banks in the United...

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