4 Key Differences You Should Know About Form 8938 and Form 8621

Form 8938 and Form 8621: Revealing 4 Key Differences Expats Need to Know to Avoid Mistakes in Filing

Filing taxes as an American living abroad can be confusing and challenging. Knowing the correct forms to use and how to fill them out correctly is as crucial as learning how to file your taxes. You need to understand two essential forms for expat taxes: Form 8938 and Form 8621.

Here’s What Happens When You Make a Tax Filing Error

Here Is What Happens When Expats Make a Tax Filing Error and How to Resolve

Making a tax filing error can easily make you panic. You may think that committing a mistake in your personal, income, or tax credit information will cause issues. However, this is not true, as it is not the first of its kind. There is no need to panic as they can be resolved. In fact, these mistakes are so relatively common that the IRS has a process to fix them. If you are still unsure how to handle your tax errors, below are how to correct them and what to look out for.