Ask Tax Questions
David McKeeganTax Professional Level: Tax Enthusiast
Hello,First off, don't worry, you're actually in quite a common situation, our firm help expats everyday get caught up on their delinquent taxes. Since we deal 100% in expats, we are very familiar with... Read More
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David McKeeganTax Professional Level: Tax Enthusiast
Hello,With regards to your message, yes, as with anything now days, there are risks involved with e-filing. Although there is a small chance of fraud happening, if it does, the consequences can be... Read More
David McKeeganTax Professional Level: Tax Enthusiast
Hello Martina,With regards to your message, if your client is living abroad, then we can certainly help answer both of your questions. We deal 100% in expats, and I think it would be beneficial for you... Read More
David McKeeganTax Professional Level: Tax Enthusiast
Hello,With regards to your message, yes, you will have to file a tax return. Individuals are required to file a return if they meet over certain income thresholds. If you are a single filer,... Read More
David McKeeganTax Professional Level: Tax Enthusiast
Hello,With regards to your message, I think this article we wrote will be a huge help for you. It goes over the reporting obligations surrounding Form 5471, and also some advice you should consider. Read More
David McKeeganTax Professional Level: Tax Enthusiast
Hello,Fortunately, the US has a tax treaty and a totalization agreement in place with Australia. With these in place, most instances of dual taxation are eliminated. However, depending obviously on the... Read More
David McKeeganTax Professional Level: Tax Enthusiast
Hello,With regards to your message, you are only required to file a tax return if you make over a certain income limit. These thresholds vary, but for someone who is single, that threshold is around $10,... Read More
David McKeeganTax Professional Level: Tax Enthusiast
Hello,With regards to your message, yes, you will have to file US taxes on your worldwide income. As a permanent Resident of the US, you will be required to file a tax return every year (even after you... Read More
Chuck Heyde, CPA, CGMATax Professional Level: Tax Wizard
You might also want to report it on the new Form 8938.Chuck Read More
Kathryn MorganTax Professional Level: Master Tax Advisor
If you are a US Citizen or Resident then you must report your worldwide income and pay taxes on any that is not subject to an exclusion. If you meet certain tests you may exclude up to $95,100 in earned income... Read More
