Expatriates and Taxes: Four Things to Keep in Mind Before Filing

By Alan Sasserath and Michael O’Brien

Working abroad is an opportunity many adventurous Americans find glamorous and exciting, with the chance to live and explore a foreign country often viewed like a working vacation. Taxes have to be filed, work has to be done, and meetings must be attended, but everything feels a bit more enjoyable than back in the States

Americans who live and work overseas are colloquially known as expatriates. For tax purposes, expatriates, or expats, are generally defined as U.S. citizens or resident aliens who temporarily, or for an extended period of time, reside in a foreign country. Expatriates who voluntarily give up their U.S. citizenship or greencard status are much less common and are subject to special rules. For an expatriate on foreign work assignment, the question of yearly taxes – what to file, where to file, and what can be excluded or deducted due to living abroad – can be one of the most complicated and stressful parts of living abroad. But it doesn’t have to be. Continue reading “Expatriates and Taxes: Four Things to Keep in Mind Before Filing”