Are you a U.S. citizen who have income earned in foreign countries?

Are you a U.S. citizen or resident alien who work abroad or who have income earned in foreign countries?

Keep reading...

You're a US citizen or a green card holder and you live somewhere outside the USA (i.e. in a "foreign" country).

You may have US tax filing obligations if you have personal income such as wages, salary, commissions, tips, consultancy fees, pension fund, alimony, US and/or foreign social security, interest, dividends, capital gains, rental property, farm income, royalties, inheritance or payment in kind in the US or abroad.

You may have US tax filing obligations even if you haven't ever lived in the USA or left several years ago and all your income is from "foreign" sources.

You may have US tax filing obligations even if some or all of your income was already taxed at source or is going to be taxed by a foreign country.

You may have US tax filing obligations even if you aren't earning any money but are married to someone who did have income.

If you have any money, the IRS wants it!

Sadly

Savvy Link wrote:

You're a US citizen or a green card holder and you live somewhere outside the USA
You may have US tax filing obligations if you have personal income such as wages, salary, commissions, tips, consultancy fees, pension fund, alimony, US and/or foreign social security, interest, dividends, capital gains, rental property, farm income, royalties, inheritance or payment in kind in the US or abroad.


I'm not finding the news here.  U.S. citizens have filing and reporting requirements regardless of their residency - U.S. citizens must report their worldwide income.  The "trap" and sometimes surprising outcomes we hear horror stories on usually involves a non-American citizen spouse.  https://www.taxesforexpats.com/expat-ta … pouse.html

The good news for non-resident U.S. citizens working outside the U.S.- under Section 911 of the US tax code, the Foreign Earned Income Exclusion for 2018  is $104,100.  Note: this means non-U.S. earned income (e.g., wages, salary) is not subject to U.S. income tax (but likely is in the jurisdiction where it was earned).  You still need to file a tax return.