If you are a US citizen, national, resident alien or Green Card holder living outside the US, you will have unique tax filing obligations both in the US and in the foreign country you are living in. You will be required by law to file a US expat tax return and report both your US income and your world-wide income on your US income tax return.
To file your US expat tax return, you will need an IRS Form 2555 - which is the Foreign Earned Income Form. There are two types of foreign earned income forms - Form 2555 and Form 2555-EZ. Your circumstances will determine which version of the form you need to use.
Living outside the US means you may qualify for certain special laws and regulations which allow for the partial or complete offset of your US income tax liability. There will be a number of factors which will impact on your tax return including your income type and sources, the taxes you have paid abroad and your actual physical presence outside the USA.
As US and international tax experts, taxback.com will ensure your tax filing obligations are met and that your tax bill is minimised, according to your personal circumstances.
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