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AUTHORIZED
PROVIDER
______________
Home
Filing Requirements
American expatriates (US citizens and residents) must report their world-wide
income to Internal Revenue Service even though their foreign country of
residence may also require world-wide income reporting.
Double Taxation
To offset possibilities of being taxed both by the United States and the foreign
country of residence, double taxation treaties have been enacted to determine
which country has the right to tax the various income flows.
Foreign Earned Income
Exclusion
Foreign earnings must be reported, but can then be excluded up to $82,400 in
2006. Amounts exceeding the exclusion will be taxed starting at
the 25% or
28% bracket depending upon filing status due to the passage last
year of TIPRA.
Foreign Tax Credit
Earned income exceeding the $82,400 FEIE threshold may qualify for the FTC.
Alternative Minimum Tax
As earned income increases, it becomes subject to the AMT. Complex
calculations involving the AMT foreign tax credit may eliminate this often
unexpected tax.
Foreign Financial Reporting
Reporting investments in foreign financial accounts on
Form TD F 90-22.1
that exceed $10,000 is required annually.
Foreign Corporations
Americans investing in foreign corporations and Foreign Partnerships are often
subject to filing an Information Return. Failure to do so can incur severe
penalties.
Entity Classification
IRS permits foreign entities for tax filing purposes to be reclassified as a
corporation, a partnership or a disregarded separate entity.
Foreign Trusts
Form 3520A reporting information on Foreign Trust activities is required to be
filed by the 15th day of the third months following the end of the trust's tax
year.
Tax Return Filing
Filing an individual tax return can be simple or complex. To prepare
and file your own tax return, see our
Tax Software or US
Tax Guides. Or contact us!
International Tax Forms
Form 926 - Transfers to Controlled Foreign Corporation
Form 1040-NR - Non-resident alien tax return
Form 1116 - Foreign Tax Credit for Individuals
Form 1118 - Foreign Tax Credit for Corporations
Form 1120-F - Tax Return for Foreign Corporations Doing
Business in United States
Form 2555 - Foreign Earned Income Exclusion
Form 3520 - Transfers to Foreign Trust
Form 3520-A - Annual Return of Foreign Trust
Form 5471 - Information Return of Foreign Corporation
Form 5472 - Information Return of Foreign Owned Corporation
Form 8621 - Information Return for Passive Foreign Investment
Company
Form 8804 & 8805 - Foreign Partner's Information Statement
Form 8832 - Entity Classification Election
Form 8833 - Treaty Based Return Position
Form 8865 - Information Return for Foreign Partnership
Form TD F 90-22.1 - Information Return for Foreign Financial
Accounts
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Contact Information
- Electronic mail
- Enquiries, Comments, etc.
TaxBarron@yahoo.com - Telephone
-
00351 234 429 086
00351 91 935 9809
- FAX
- 00351 234 429 086
Postal address
Aveiro -
Av Adelino Amaro da Costa 28, 2 Esq
3800-005 Aveiro, Portugal
France -
Chemin de Salut
64290 Lasseube
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