Category: Expat Tax Forms
Form 1098-E: Student Loan Interest Statement and How It Can Help You Save on Taxes
Nov 06, 2024
If you’ve ever borrowed money for school, chances are you’ve received a Form 1098-E. Your loan servicer provides this form to help you track the interest paid on your student loans throughout the…
FEIE Form 2555 Benefit – A Guide for Expats
Oct 07, 2024
What is IRS Form 2555? Form 2555 is a document for expats who want to or are eligible to exclude their foreign-earned income from taxes. As you fill out the form, you declare…
Form 8992 GILTI Calculation Pitfall – Latest To Know For 2024
Oct 03, 2024
The new law of December 2017 brought major tax law changes for foreign corporation shareholders. This led to the creation of IRS Forms 8992 and 8993, as well as updates to Form 5471.…
Form 8858 – Practical Info – What Expats Need to Know
Sep 27, 2024
Form 8858 is an IRS form requirement for people who own certain foreign entities. If the filing requirement applies, you must do it accurately and on time. What Is Form 8858? Form 8858…
What Is Form 8833? A Guide for Expats
Sep 27, 2024
What You Need to Know About The Form 8833 When a taxpayer elects to take a position that overrules or modifies any provisions of the Internal Revenue Code that results in a reduction…
IRS 1042-S Form – Reporting Amounts Paid to Foreign Persons
Jul 25, 2024
U.S. tax laws are hard enough for Americans to understand. They become even more challenging for non-residents who earn income from U.S. sources and receive an IRS 1042-S Form, Foreign Persons’ U.S.-Source Income…
How to File Form 5471 for U.S. Expats with Foreign Corporations
Jul 15, 2024
If you are a U.S. citizen or resident involved with a foreign corporation, you may need to file IRS Form 5471, even if the corporation has no U.S. source income or establishment. This…
How to Report Profit or Loss from Business with Schedule C for Expats
Jun 24, 2024
Running a business involves managing a packed schedule. Tax season adds to the workload with extra paperwork. If you’re among the ten percent of self-employed U.S. taxpayers, you might need to prepare a…
How to File the New IRS Form W-4 for Expats
Jun 11, 2024
If you’ve ever started a new job, you’ve probably filled out an IRS Form W-4 or the Employee’s Withholding Certificate. It’s a document that tells your employer how much federal income tax to…
How to Report Cash Payments Over $10,000 on IRS Form 8300 – A Guide for Expats
May 17, 2024
Despite the rise of electronic payments, cash transactions persist in business. While they offer convenience, they present challenges during tax preparation. The IRS is cautious because verifying them is more challenging, and there…