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Tax information for Americans living abroad

Dear Member of Democrats Abroad,   We know that many of you have expressed considerable concern about two relatively recent developments regarding US taxation issues for Americans living abroad, developments that go beyond the requirement to file annually the IRS tax return (1040 and associated forms): the Report of Foreign Bank and Financial Accounts (FBAR) and the Foreign Account Tax …

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IRS reporting deadlines

Under the US tax system, US persons – citizens, green card holders and residents – are required to file annual US income tax returns reporting worldwide income. It is a legal obligation to ensure that “true and accurate” returns are filed with the IRS in a timely way to avoid risks of numerous penalties and, …

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