Expats – Individual tax returns

U.S. citizens living abroad have the same tax filing requirements as citizens living in the United States. So you need to file a Federal return, for sure, and possibly a State and City return, as well. We can help you with all returns you need, no matter how complex.

At Expatriate Tax Returns, we have the knowledge and expertise to handle all of your tax filings needs online so that you can start the process from the convenience of your computer.

All returns are prepared to determine the best use of the Foreign Income Exclusion and/or Foreign Tax Credit. When you use our individual tax return services, our dedicated staff will help you find the solutions that will benefit you most.

If you have questions regarding individual tax return preparation, contact our experienced staff. We are happy to assist you.

FBARS and FORM 8938

Have you accumulated more than $10,000 in foreign banks or financial institutions?

If your answer is “yes,” you are required to submit a yearly report of your foreign bank and financial accounts to the U.S. Department of Treasury. This report is commonly referred to as an FBAR (Foreign Bank Account Report).

We want to make you aware of the FBAR guidelines, so you can stay prepared and file on time.

FBAR guidelines specify that all U.S. persons must file, including U.S. territory entities. The form you need for FBAR is FinCen Report 114, and it is due by June 15 of each year. Extensions apply.

Form 8938 requirements explain that all U.S. residents must file. This excludes U.S. territories. Individuals and business owners with foreign assets exceeding higher thresholds may be required to file form 8938 with their federal income tax return. This requirement follows the much-publicized Foreign Account Tax Compliance Act (FATCA).

Form 8938 requirements explain that all U.S. residents must file. This excludes U.S. territories. Individuals and business owners with foreign assets exceeding higher thresholds may be required to file form 8938 with their federal income tax return. This requirement follows the much-publicized Foreign Account Tax Compliance Act (FATCA).