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What Is An Expat Who Qualifies

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What is an expat? An expat is a U.S. citizen or green-card holder living or working outside the United States. Importantly, even though they are no longer in the U.S., they are required to report worldwide income and file taxes even as an expat if they meet specific filing thresholds. However, there are some special issues expats need to consider when filing their return, including potentially reporting financial information through FBAR or FATCA requirements.

How To Pay & File Taxes As An Expat

If youre a U.S. citizen living abroad, how to file taxes as an expat probably isnt the first question on your mind when thinking about your finances. It is, however, a question that has major consequences if you get it wrong which is why H& R Block is here to help.

Even if you live overseas, if youre a U.S. citizen or Green Card holder, you likely have to file a U.S. tax return each year. Regardless of where in the world you live, H& R Block Expat Tax Services can relieve the stress of filing U.S. tax returns and staying compliant with your U.S. tax obligations. Below, we’ll explain step-by-step how to file taxes as an expat with our virtual process, designed for the convenience of expats filing abroad.

How To File An Fbar

Your FBAR must be filed electronically through FinCEN’s BSA e-filing system or with a preparation service designed specifically for expats, such as H& R Block Expat Tax Services.

When you work with H& R Block Expat Tax Services, you can submit your FBAR through our DIY service or have one of our Expat Tax Advisors handle it for you.

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How To File Expat Taxes With The Help Of An Expat Tax Advisor:

If your situation is a bit more complicated or you want the guidance of one of our Tax Advisors, you can choose our Assisted route. These are the steps to file expat taxes with the help of an Expat Tax Advisor:

  • Head over to our Ways to File page and choose the File with an Advisor option, register online and complete your tax organizer.

    Our simple process makes expat tax filing easy. After you choose to file with an advisor, youll be able to register an account. From there, you will get your price and complete your personal Tax Interview, where you provide information about your tax situation. After you have provided your information, you’ll be provided a personalized checklist of documents to upload for your specific situation.

  • We’ll assign you the right advisor for your situation.

    The information that you provide will help us match you with a H& R Block Expat Tax Advisor for your situation. Once weve matched you with your advisor, they will review your documents and begin your return

  • We prepare your U.S. tax return.

    Our team of Expat Tax Advisors specialize in taxes for U.S. expats, so you can trust H& R Block Expat Tax Services for all the following:

  • Federal tax preparation and filing
  • State tax return preparation and filing
  • Past-due tax returns from prior years, including Streamlined Compliance filings
  • Year-round audit support
  • H& R Blocks 100% Accuracy Guarantee
  • We even offer local tax return preparation in select countries
  • How To Diy Your Expat Taxes With Our Made

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    If you have a simple situation, you may want to go the DIY-route with our online tax service designed specifically for expats. Heres how to do it:

  • Head over to our Ways to File page and choose the File Yourself option
  • Register your account and complete your tax interview

    Our simple DIY process makes filing expat taxes on your own a snap. After you choose to file yourself, youll be able to register an account and get started on your tax interview, where we ask you questions about your tax situation. Your answers will be reflected on your completed return.

  • Pay for and review your return.

    When your tax return is completed, you’ll be asked for payment via your secure client account. Because protecting your information is so important, you can count on us to implement physical, electronic and procedural safeguards to protect your tax information. We back our DIY service with all the same guarantees as our assisted route, which means you can trust H& R Block Expat Tax Services for all the following:

  • Federal tax preparation and filing
  • State tax return preparation and filing
  • 100% Accuracy Guarantee
  • We file your return with the IRS.

    Once youre all wrapped up, we’ll file your completed return with the IRS on your behalf. If the IRS has questions or in case of an audit, we’ll help provide answers and support. After filing, your tax return will be stored in your secure client account, where it will be safe and easy to access, whenever you need.

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    How To File Expat Taxes From Abroad

    With H& R Block, you have two options to file expat taxes from abroad: With you in the drivers seat using our DIY online expat tax service , or by letting one of our Expat Tax Advisors take the wheel. First, well outline how to DIY your expat taxes. Want to skip ahead? See how our advisors do it for you

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    How Much Taxes Do I Pay If I Work Overseas

    Now that you know U.S. citizens have to pay taxes on foreign income, your next question is probably about how much in taxes you pay if you work overseas. You might wonder if youll have any money in the bank after paying both your U.S. and host country income tax liabilities!

    Fortunately, even though most U.S. citizens working overseas must file taxes, expat tax rules have evolved so most expats dont actuallyowe any amount at the end of the year.

    While there is no overall U.S. expat tax exemption, there are exclusions and creditslike the foreign earned income exclusion and foreign tax creditto help alleviate the tax burden for U.S. citizens living abroad. Tax exclusions and credits are just two examples of the many unique tax rules applicable to U.S. expats working overseas, so it could be helpful to work with a qualified and reputable expat Tax Advisor to help manage your worldwide tax burden.

    Want to know more? Learn the top 20 things every American overseas should know about U.S. expat taxes.

    What If I’ve Never Filed Taxes As An Expat Before

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    Many U.S. citizens living abroad assume that they only have tax obligations to their current country of residence and overlook their U.S. tax duty. As it turns out, expats still have a tax obligation to the U.S. even after theyve moved abroad. Also, in addition to federal taxes, some expats must file state taxes as well.

    Even if taxes on foreign income are not owed to the IRS or state government, due to anticipated foreign tax credits or foreign earned income exclusions,expats are still required to file a U.S. tax return if they meet the income requirements.

    If you were honestly unaware of your filing requirement, the time to act is now. The IRS has several non-penalty disclosure programs available to Americans abroad who have honestly overlooked their filing obligations and never filed taxes, including Streamlined Filing Compliance Procedures. Once you select to file with an advisor, our international tax advisors can help you decide on the best course of action for your unique situation and help you determine how you should file taxes as an expat.

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    Do Us Citizens Have To Pay Taxes On Foreign Income

    Yes, U.S. citizens have to pay taxes on foreign income if they meet the filing thresholds, which are generally equivalent to the standard deduction for your filing status. You may wonder why U.S. citizens pay taxes on income earned abroad. U.S. taxes are based on citizenship, not country of residence. That means it doesnt matter where you call home, if youre considered a U.S. citizen, you have a tax obligation.

    Your expat tax filing requirement doesnt change even if youre paid by a foreign employer overseas. In addition to federal income taxes, some U.S. citizens living abroad also need to file state taxes as well, depending on their last state of residence.

    Taxable foreign-earned income includes:

    If youre a U.S. citizen abroad and have never filed a tax return, you can relax. The IRS built in a safeguard for honest expats who truly didnt know they had to file. You can get caught up penalty-free with Streamlined Filing Compliance Procedures. To qualify, you must:

    • Have lived in a foreign country for at least 330 days during one of the last three years
    • Confirm it was a genuine mistake you failed to file your U.S. tax return and FBAR

    Expat Tax Rules For Us Citizens Working Overseas

    “Do U.S. citizens have to pay taxes on foreign income?” “How much taxes do I pay if I work overseas?” “As a citizen working abroad, what are my U.S. income tax filing requirements?”

    If these questions sound familiar, youre not aloneU.S. expat tax rules can be confusing and downright complicated for even the most financially-savvy Americans.

    Despite what you might think, you do have a tax obligation to the United States as long as youre a citizenregardless if youre currently living in Tokyo, Japan or St. Louis, Missouri.

    Ready to file your expat taxes? Whether you file expat taxes yourself with our online DIY expat tax service designed specifically for U.S. citizens abroad or file with an advisor, H& R Block is here to help.

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