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Frequently Asked Tax Questions
- library_books How do self-employment taxes work if my country does not have a totalization agreement in place?
- library_books Can I still own and operate a business in the U.S. while living abroad?
- library_books Can I file Form 8858 instead of Form 5471 if I am a sole owner of my Foreign LLC?
- library_books If I own a Corporation outside the US, am I automatically subject to GILTI?
- library_books Who needs to file Form 5471?
- library_books Are there any tax implications if I work remotely for a U.S. company while living abroad?
- library_books What reporting obligations do I have if I own foreign businesses?
- library_books How does the U.S. tax system handle rental income from property located outside the United States?
- library_books Are there any special considerations for U.S. Expats who are self-employed or own a business abroad?
- library_books Do I need to report my non-US partnership business to the IRS?
- library_books What business structure should I use for my property investment?
- library_books Do I need to pay Social Security or FICA taxes if I run my own business overseas?
- library_books Do I need to file an FBAR if I have signatory authority over, but no financial interest in, a foreign financial account?
- library_books What are the penalties for not filing the FBAR or filing it late?
- library_books Can I amend an FBAR if I made an error or omitted information in the initial filing?
- library_books What types of accounts are considered "foreign financial accounts" for FBAR reporting purposes?
- library_books What is the deadline for filing the FBAR?
- library_books Do I need to report my RRSP on FBAR?
- library_books How do I determine if an investment qualifies as a PFIC?
- library_books Can I participate in the Streamlined Filing process if I previously filed under the Offshore Voluntary Disclosure Program (OVDP)?
- library_books Can I amend previously filed tax returns under the Streamlined Procedures?
- library_books How does the Streamlined process impact tax liabilities, interest, and penalties?
- library_books Are there penalties associated with the Streamlined Filing Compliance Procedures?
- library_books Can I use the Streamlined Procedures if I willfully failed to report foreign financial assets?
- library_books How does the Streamlined Domestic Offshore Procedures differ from the Streamlined Foreign Offshore Procedures?
- library_books What are the Streamlined Filing Compliance Procedures, and who qualifies for them?
- library_books Are foreign pensions/retirement account reportable in FBAR?
- library_books What is a PFIC, and how does it impact U.S. expats?
- library_books Are there additional considerations for Form 3520-A in the context of the Streamlined Filing Compliance Procedures?
- library_books What are the consequences of not filing Form 3520-A when required?
- library_books When is Form 3520-A required for foreign trusts with U.S. owners?
- library_books Are there penalties for failing to file Form 3520 or reporting foreign gifts?
- library_books What is the tax treatment for receiving gifts or inheritances from foreign sources?
- library_books How do the Streamlined Procedures work?
- library_books I neglected to report my worldwide income on previous expatriate tax returns. What can I do?
- library_books What is the Foreign Earned Income Exclusion, and how does it work?
- library_books I will be outside the US for 330 days, but not in one calendar year. Can I still use the Foreign Earned Income Exclusion to reduce my tax bill?
- library_books If all of my income is from the US and I am living entirely abroad, how does the US tax return process work?
- library_books Are capital gains included in worldwide income?
- library_books When is the deadline of filing my expat return?
- library_books Is it true that if I work overseas as a contractor, I can pay zero taxes?
- library_books What are my tax filing requirements as a non-resident property investor in the USA?
- library_books I am a non-resident alien. Will I be taxed differently than a resident alien?
- library_books What income is reportable on my US tax return?
- library_books What is the threshold for filing if I am self-employed?
- library_books If I renounce my US citizenship, am I free from US taxes?
- library_books What forms do I need to file as a U.S. expatriate?
- library_books Will I need to file state or local taxes while living outside the US?
- library_books What is an FBAR?
- library_books I have a foreign joint account with my non-US spouse, do I include that in my FBAR filing?
- library_books Do I need to complete the FATCA form?
- library_books What is Form 8938?
- library_books What is a W-9 and a W-8 and is there a difference between the two?
- library_books What is FATCA (Foreign Account Tax Compliance Act) and how does it affect me as an US expat?
- library_books How does Form 8938 differ from Foreign Bank Account Reporting (FBAR)?
- library_books If my income is below the US tax filing requirement, do I still need to file FBAR or FATCA?
- library_books How do I report foreign bank accounts (FBAR)?
- library_books As an American expat, do I need to file a US Federal Tax Return?
- library_books Do I need to pay Social Security and Medicare taxes while working abroad?
- library_books Can I contribute to a U.S. retirement account while living abroad?
- library_books Am I qualified to claim Child Tax Credit even do I owe zero taxes to the IRS?
- library_books My spouse isn't an American citizen. Do I have to submit their information?
- library_books Will the IRS let me know when they have received or processed my documents?
- library_books Do I need to pay estimated taxes?
- library_books How does the Foreign Tax Credit affect my U.S. tax liability?
Popular articles
- library_books What types of accounts are considered "foreign financial accounts" for FBAR reporting purposes?
- library_books How do self-employment taxes work if my country does not have a totalization agreement in place?
- library_books Can I still own and operate a business in the U.S. while living abroad?
- library_books Can I file Form 8858 instead of Form 5471 if I am a sole owner of my Foreign LLC?
- library_books If I own a Corporation outside the US, am I automatically subject to GILTI?