homechevron_rightNewschevron_rightPodcastchevron_rightPodcast #4 Americans Overseas: US expats abroad

Podcast #4 Americans Overseas: US expats abroad

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Published on: 14-04-2022 Last modified on: 19-03-2024

Podcast #4 Americans Overseas: US expats abroad

Welcome to episode 4 of American Overseas: US expats abroad

America is the only first-world country in the world that enforces a tax duty on American citizens, wherever they live or work.

I’m Linda Mabelis and today I’m speaking with experience expat Daan Durlacher about US expats abroad.

The subject: What to do and what not to do when you’re a US expat abroad.

When you leave the US and start living in a European country, you get in an exceptional situation where you have to file both in the US, because you’re a US citizen, and in the country where you’re living. And that’s a new situation. You have 2 filing obligations per year.

Listen to the Americans Overseas podcast for more US tax advice for expats.

Americans Overseas: US tax advice for expats

Americans Overseas offers a large independent network of US tax accountants and financial planners, specialized for Americans living abroad.

Based on your personal situation, we provide information and introduce you to the appropriate expert in our Americans Overseas network, free of charge and free of any obligation.

Frequently asked questions

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.

Who is required to file taxes in the 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.
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Do US citizens living abroad still have to file taxes in the US?

Yes, US citizens are required to file taxes on their worldwide income, regardless of where they are living.
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How can I cash my US check?

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.
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Are there any special tax forms required for US citizens living abroad?

US citizens living abroad may be required to file Form 2555 and/or Form 1116 to claim the foreign-earned income exclusion.
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What is FBAR filing?

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.
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