US Expat Taxes 5 things to know before you go

Helping you piece together the US Expat tax puzzle US Expat Taxes - 5 Things to Know Before You Go

Introduction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The more you know about US expat tax preparation before you move abroad, the better prepared you will be.

Tax Credits and Exclusions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

US State Regulations Some States make it very difficult for US expats to not file taxes, including: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],You should check with your accountant or your State Treasury department before you leave to see if you will be required to file once you leave.

Getting your mail ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Notify the IRS You need to notify the IRS that you are planning on changing your address ,[object Object],[object Object]

US Expat Tax Deadlines ,[object Object],[object Object],[object Object],[object Object],[object Object]

US Income vs Foreign Income One final item that is pertinent to the US expat tax preparation process is to consider how US income will be treated differently than foreign earned income. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Only foreign sourced income is eligible for the credits and exclusions on your US expat tax return.

Conclusion As you can see, there are a lot of things to consider and plan for before you move moving abroad and have to file your first US expat tax return. Your US expat tax preparation can be a very important and financially significant decision for you. Please make sure you find a preparer who understands how US expat taxes work and is able to guide you through the process. www.GreenbackTaxServices.com

US Expat Taxes 5 things to know before you go

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US Expat Taxes 5 things to know before you go