For a better experience please change your browser to CHROME, FIREFOX, OPERA or Internet Explorer.

Tag: income

U.S. Citizens and Resident Aliens Abroad – Automatic 6 Month Extension of Time to File

U.S. Citizens and Resident Aliens Abroad – Automatic 6 Month Extension of Time to File

If you are not able to file your return by the due date, you generally can get an automatic 6-month extension of time to file. To get this automatic extension, you must file Form 4868. Or, you can file Form 4868 electronically (e-file), using your personal computer, or through a tax professional. You do not […] Read More

For U.S. Citizens: Filing Extensions While Abroad

For U.S. Citizens: Filing Extensions While Abroad

If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Your worldwide income is subject to U.S. income tax, regardless of where you reside. When to File If you […] Read More

For U.S. Citizens: Foreign Earned Income Exclusion

For U.S. Citizens: Foreign Earned Income Exclusion

FOREIGN INCOME TAXES A limited amount of the foreign income tax you pay can be credited against your U.S. tax liability or deducted in figuring taxable income on your U.S. income tax return. It is usually to your advantage to claim a credit for foreign taxes rather than to deduct them. A credit reduces your […] Read More

Save thousands of dollars on your US expat taxes

Save thousands of dollars on your US expat taxes

Introduction to the Foreign Housing Exclusion There may be a deduction you haven’t heard of that can save you thousands of dollars on your US expat taxes. There are quite a few critical tax breaks which assist US Expats in reducing or completely eliminating their US income tax liability.  There is one exclusion that doesn’t […] Read More

U.S. Income Tax Return Preparation

U.S. Income Tax Return Preparation

U.S. Income Tax Return Preparation and Advice for American Citizen Living in Italy Personal Income Tax Resident individuals are subject to a personal income tax, named IRPEF, on their worldwide income. Individuals carrying on a business or profession and/or partnerships are liable to IRAP which is not deductible from IRPEF. Non-resident individuals are subject to […] Read More

Top