C U (Hong Kong)
«Customer Service that’s Above and Beyond»
Very understanding team.
Helped me navigate my complicated situation and enquiries about filing as a citizen living outside of the US.
Very understanding team.
Helped me navigate my complicated situation and enquiries about filing as a citizen living outside of the US.
Our expat tax specialists are well-versed in the unique requirements for US citizens or green card holders living in Europe.
We’ll delve into your individual situation, ensuring you:
Leave the headache to your dedicated CPA and breathe easy, knowing your taxes are in good hands.
Although you are no longer a resident of the United States, as a US citizen you are required to report all sources of worldwide income to the IRS. This includes but is not limited to employee wages; interest and dividends (schedule B); self-employment income (Schedule C); capital gains and losses (Schedule D and Form 8949); rental real estate, royalties, partnership, S corporations, estates, trusts, REMICs and other supplemental income (Schedule E).
To answer this question, an examination of the US tax-treaty with your foreign country of residence is required. However, generally speaking, the country where the income is earned has first rights to taxation. In that case, you can either exclude your foreign earned income, or use your foreign taxes paid as a credit to offset your US tax liability.
Up to $107,600 is excludable for tax year 2020, and up to $108,700 for 2021. If filing a joint tax return with your spouse, then each spouse can exclude up to this amount.
Filing US taxes from Asia can be complex. Working through a jungle of paperwork — knowing that you can’t afford to make a mistake — is daunting.
At Expat Tax CPAs, we have your back:
We'll be in touch with you within one business day
10% of your friend’s first year’s payment off your next year’s tax return’s invoice. Just make sure your friend lets us know who referred them!