expatprotax
American citizen
Forum posts
10
About me
American
Lives in Vincennes, IN
Registration: 22 June 2013
Should U.S. Citiznes living overseas be scared of the FBAR form? by expatprotax
The U.S. Department of the Treasury has issued new directives that they will continue to enforce filing of the FBAR report by all citizens of the U.S. who have over $10,000 on any one day during a calendar year. The penalty for not filing the ...
The world would agree with you as only a few (maybe 3) have the requirement to file even if you don't live in that country. It's all part of the U.S.'s FATCA treaty to try to force banks overseas to give up information on U.S. Citizen accounts in ... Read More
Should U.S. Citiznes living overseas be scared of the FBAR form?
The U.S. Department of the Treasury has issued new directives that they will continue to enforce filing of the FBAR report by all citizens of the U.S. who have over $10,000 on any one day during a calendar year. The penalty for not filing the ... Read More
IRS Amnesty for Expat U.S. Citizens - Is the end approaching? by expatprotax
The current IRS Amnesty program called "Streamlined Processing" is a little over a year old. This allows U.S. citizens who are living overseas to become totally caught up with the filing of 3 tax returns, 6 FBAR forms and a 2 page questionnaire. ...
The last due date for 2012 tax returns is coming up - October 15. That is the customary filing date for U.S. Citizens living overseas. You can request, but only in writing, a further extension to file until December 15, but these take much more ... Read More
History will Teach Us Nothing by HaileyinHongKong
Do you know more than the locals about the history of where you are? I'm always surprised to meet Chinese people who learned less about Chinese history in school than I did. I understand why people from the Mainland who lived under Mao didn't get ...
If an American moving to an overseas location had no interest in American history, then I doubt that they will have any interest in their new resident country history. I can't see an "awakening" on the trip over. Read More
History will Teach Us Nothing by HaileyinHongKong
Do you know more than the locals about the history of where you are? I'm always surprised to meet Chinese people who learned less about Chinese history in school than I did. I understand why people from the Mainland who lived under Mao didn't get ...
American's sense of history is abysmal. And I'm not talking dates, etc., I'm talking people, places, why's and what happened. We must remember that the winners write the history, be they right or wrong. Sometimes it takes years upon years to ... Read More
IRS Amnesty for Expat U.S. Citizens - Is the end approaching? by expatprotax
The current IRS Amnesty program called "Streamlined Processing" is a little over a year old. This allows U.S. citizens who are living overseas to become totally caught up with the filing of 3 tax returns, 6 FBAR forms and a 2 page questionnaire. ...
One of the many questions I get is, "Can I still file a tax return if I didn't file an extension?". The quick answer is "YES! and you should!". If a U.S. Citizen is out of the country on April 15, then you have an automatic extension until June ... Read More
IRS Amnesty for Expat U.S. Citizens - Is the end approaching? by expatprotax
The current IRS Amnesty program called "Streamlined Processing" is a little over a year old. This allows U.S. citizens who are living overseas to become totally caught up with the filing of 3 tax returns, 6 FBAR forms and a 2 page questionnaire. ...
Eric, That is true! $97,600 was the earned income exemption for 2012 returns. However, most of the time, in countries with a higher tax rate than the U.S., it makes sense to use the Foreign Tax Credit (form 1116) instead due to the fact that ... Read More
IRS Amnesty for Expat U.S. Citizens - Is the end approaching? by expatprotax
The current IRS Amnesty program called "Streamlined Processing" is a little over a year old. This allows U.S. citizens who are living overseas to become totally caught up with the filing of 3 tax returns, 6 FBAR forms and a 2 page questionnaire. ...
Hi Hailey, What I find is that its not a disregard for filing, its a "I didn't know I needed to file". In almost every other country, if you are out of the country living and earning a living, then your home country doesn't make you file and ... Read More
IRS Amnesty for Expat U.S. Citizens - Is the end approaching? by expatprotax
The current IRS Amnesty program called "Streamlined Processing" is a little over a year old. This allows U.S. citizens who are living overseas to become totally caught up with the filing of 3 tax returns, 6 FBAR forms and a 2 page questionnaire. ...
Feel free to ask me any questions here, I'll be glad to help all that I can. I've been working with Expats for 33 years. Read More
IRS Amnesty for Expat U.S. Citizens - Is the end approaching?
The current IRS Amnesty program called "Streamlined Processing" is a little over a year old. This allows U.S. citizens who are living overseas to become totally caught up with the filing of 3 tax returns, 6 FBAR forms and a 2 page questionnaire. ... Read More