U.S. Expatriate Tax
Every U.S. citizen - regardless of whether they are living in the U.S. or abroad - must file a tax return with the federal government and report their world wide income . Even some states require that you file a tax return when living abroad.
Who is an Expatriate ?
American U.S. citizens and Green Card holders living outside the U.S.
Due Dates :
April 15 - Tax payment deadline.
June 15 - Tax filing deadline. An extension can be filed to extend the filing deadline to October 15.
June 30 - FBAR (Foreign Bank and Financial Account Reporting) is due.
The tax can be reduced or eliminated by the:
foreign earned income exclusion - for 2014, up to $99,200 per qualifying person (i.e., if you are married and both work abroad, you may be able to each exclude up to $99,200 of your earned income),
foreign housing exclusion (if renting)
foreign tax credit
