Foreign Investments and Your Expat Taxes: What Happens When You’re Back in the US?

Foreign Investments and Your Expat Taxes: What Happens When You’re Back in the US?

The IRS imposes income tax on worldwide income for US citizens, residents and taxpayers. All are required to report even foreign investments on their annual returns. This holds true even if US tax forms are not provided for the foreign interests, such as 1099s or 1098s. Let’s look at how this affects your expat taxes. […]