Top 5 Things Every U.S. Expat Needs to Know About Taxes
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There are over 7.6 million Americans living abroad, but only about half are compliant with their US tax obligations. Many expats are completely unaware of their US filing requirements and this can lead to big problems with the IRS. In this article, David McKeegan explains filing requirements, FBAR, FATCA, the Foreign Earned Income Exclusion and the IRS’ recent updates to their amnesty program, the Streamlined Procedures (which can help expats get caught up without late filing or FBAR penalties!)
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