Funny and Shockingly true: the USA is the only country that does this…
Comedy group Boom Chicago, themselves Americans living in the Netherlands, were astonished when they heard they had to file in the US where they haven’t lived for a very long time.
Wait what? Yes, it is true: America is the only developed country that requires US persons to file taxes in the US even if you do not live or work in the US.
The Boom Chicago founders are one of many victims. However, they decided not to let this pass without making a statement. They made the parody gameshow; File that Tax to show the absurdity of the US law and draw attention to all the problems it’s causing.
Do you have a US parent, Were you born in the US, or worked in the US? You might need to file taxes in the US. Check out these true stories made into a gameshow File that Tax. Spread the word and share!
Americans Overseas helps Americans living abroad to become US tax compliant in an organized way and avoid unnecessary double taxation. Based on your situation, we introduce you to the appropriate US tax advisor in our AOS network who will make you a tailor-made offer to help with your tax filings free of charge and free of any obligations.
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Understanding the US tax system, the obligations, and all the additional terms can be difficult. Especially if one lives outside of America. Is your question not answered? Contact us.
U.S. citizens and resident aliens who live abroad are generally required to file a federal income tax return and pay taxes on their worldwide income.
Read more... about Who is required to file taxes in the US?Yes, US citizens are required to file taxes on their worldwide income, regardless of where they are living.
Read more... about Do US citizens living abroad still have to file taxes in the US?Received an American check? You can cash your check in the following ways: cash the check at your own bank, transfer to another person (endorsement), cash checks using an online service or cash the check by another bank.
Read more... about How can I cash my US check?US citizens living abroad may be required to file Form 2555 and/or Form 1116 to claim the foreign-earned income exclusion.
Read more... about Are there any special tax forms required for US citizens living abroad?FBAR (Foreign Bank Account Report) filing is the requirement for certain U.S. individuals and entities to report their foreign financial accounts to the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury. The FBAR filing requirement applies to U.S. persons who have a financial interest in, or signature authority over, one or more foreign financial accounts if the aggregate value of those accounts exceeds $10,000 at any time during the calendar year.
Read more... about What is FBAR filing?