Expert US Tax Compliance for Americans Living and Working Abroad.
The US taxes based on citizenship. Missing an FBAR filing can cost more than your annual income.
To qualify for the exclusion, you must be physically outside the US for 330 full days. One partial day in the US can break the streak.
The IRS can fine you $15,000+ per year for a simple mistake in reporting your foreign bank accounts over $10,000.
The US is one of only two countries that taxes you based on your passport, regardless of where you earn your income.
It allows you to deduct international rent and utilities above a certain base amount.
Only if you work for a US company or are self-employed. Foreign companies in countries with a "Totalization Agreement" allow you to opt out.
Only if you have taxable income (income not fully excluded by the FEIE).