Americans Overseas Knowledge centre
Do you have questions or need help? Please feel free to contact us. Free of charge and free of any obligation.
US taxes and liability
- Can I renounce my passport/citizenship and never file?
- If you’re considered a US citizen, do you always have a tax obligation?
- I am a considered a US Citizen but I wasn’t born in the US; nor have I lived, worked or visited the US, does that still means I have a tax obligation?
- I have dual citizenship. Do I still have to file taxes?
- I don’t have a US passport, but I do have an American parent. Does that matter?
- I don’t have Social Security number. Does that matter?
- I wasn’t born in the US, nor have I ever lived, worked or visited the US. Does that mean I still have to file taxes?
- Why do I have to file and possibly pay taxes when I don’t live in the US?
- Exit tax when renouncing US citizenship
US taxes owed or not
- I have already paid taxes in my country of residence. Does that have any influence on whether or not I have to pay in the US?
- I don’t make (a lot of) money; do I still need to report to the USA?
- I own a company. How does that affect my tax obligation?
- I’ve made investments in the stock market; is that a problem?
Fines
- Will I actually have to pay any fines?
- What is the difference between willful and non-willful violations?
- I’m very anxious about my tax situation. What are the risks of not filing?
- I have never heard about this obligation; will I be fined?
- What are the consequences if I don’t file FBAR?
- What is the risk of having the IRS on my back?
- I recently got a form from my bank about FACTA, asking if I’m American. What Do I do?
- Can I travel to the US, or is that a risk?
Filing tax returns
- Do I need US tax specialist?
- How Do I get a social security number?
- Can the consulate help me?
- Should I just download the tax forms and submit them?
- Can my local bookkeeper or accountant file for me?
- Do I need a tax lawyer?
- Are there programs that the IRS employs for people who never knew about their tax duties until now?
- What is the “OVDP” and what does it mean if you use this option?
- What is the “Streamlined Procedure” and what does it mean if you use this option?
- When do I file?
- How many times do I need to file?
- How many years do I have to go back when filing?
- How long does this process take?
- What will this cost me?
- Where do I file?
- What is W8?
