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Need more in-depth information? We have gathered the frequently asked questions. In case you still have questions, don’t hesitate to reach out to us. We’re here to help.
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.
Yes, US citizens are required to file taxes on their worldwide income, regardless of where they are living.
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.
US citizens living abroad may be required to file Form 2555 and/or Form 1116 to claim the foreign earned income exclusion.
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.