US tax help for Americans in Europe

Source: Taxes for Expats

expat tax

WHAT YOU NEED TO KNOW:
No matter where you reside – you must file. All US citizens and Green Card holders must (if they meet minimum filing thresholds) file an annual tax return reporting their worldwide income.

 

expat tax

While all must file – most don’t owe. The good news is that most expats don’t end up paying any taxes to the IRS. There are many tax deductions available which allow taxpayers to deduct more than $100,000 from their taxable income. But – they must continue to file. Failure to do so can lead to penalties.

WHAT’S DIFFERENT ABOUT EXPAT RETURNS?

Head hurting? Want to know more? What expert help? Get in touch with Taxes for Expats. They have lots of tools on their website and offer a free phone consultation.


 

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