February 18, 2015
February 17, 2015
Filing From Abroad? Use DHL, Fed Exp, or UPS - Use the Following Street Addresses to Assure Delivery
|Austin - Internal Revenue Submission Processing Center|| 3651 S IH35,|
Austin TX 78741
|Cincinnati - Internal Revenue Submission Processing Center|| 201 West Rivercenter Blvd.,|
Covington, KY 41011
|Fresno - Internal Revenue Submission Processing Center|| 5045 East Butler Avenue,|
Fresno, CA 93727
|Kansas City - Internal Revenue Submission Processing Center|| 333 W. Pershing,|
Kansas City, MO 64108
|Ogden - Internal Revenue Submission Processing Center|| 1973 North Rulon White Blvd.|
Ogden, UT 84404
February 16, 2015
|Taxpayers who reported, and paid tax on, all their taxable income for prior years but did not file FBARs, should file the delinquent FBAR reports according to the instructions (send to Department of Treasury, Post Office Box 32621, Detroit, MI 48232-0621) and attach a statement explaining why the reports are filed late.|
The IRS will not impose a penalty for the failure to file the delinquent FBARs if there are no underreported tax liabilities and you have not previously been contacted regarding an income tax examination or a request for delinquent returns.
|Taxpayers who only have certain delinquent information returns, but no tax due.|
|Non-resident U.S. taxpayers with delinquent returns with low risk factors (including tax owed less than $1,500/year).||Filing Compliance Procedures for Non-Resident U.S. TaxpayersNon-resident U.S. taxpayers should file delinquent tax returns, including delinquent information returns, for the past three years; delinquent FBARs for the past six years; and additional required information regarding compliance risk. Payment of any federal tax and interest due must accompany the submission.|
|Taxpayers with undisclosed foreign accounts and unreported income. Taxpayers seeking protection from criminal prosecution.|
February 3, 2015
January 31, 2015
Citizens living abroad and certain noncitizens - You are:
To read about the other exemptions from the US ACA health care law, and tax read the following link http://www.irs.gov/Affordable-Care-Act/Individuals-and-Families/ACA-Individual-Shared-Responsibility-Provision-Exemptions
We are ready to help you with these complex rules. www.TaxMeLess.com We offer a mini consultation to give you answers to all of your expat and international tax questions. We also offer a service to review self prepared expat returns or foreign tax forms which is much less costly than having us prepare the returns. Email. firstname.lastname@example.org
January 27, 2015
If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Your worldwide income is subject to U.S. income tax, regardless of where you reside.
When to File
Where to File
January 23, 2015
January 19, 2015
Read more in the Wall Stree Journal Article Below:
Let us know if you need help with your renunciation of US Citizenship or Long Term Green Card Holder Surrender (8 years). We can help you comply with the Tax Laws and help you plan to avoid the possible tax on appreciated property. email@example.com
January 16, 2015
January 14, 2015
Read more in Forbes Article. China Plans to start enforcing law in 2015.
January 10, 2015
Great tax saving and planning Tool. Read More
December 31, 2014
U.S. citizens living abroad are subject to the individual shared responsibility provision. However, U.S. citizens who are not physically present in the United States for at least 330 full days within a 12-month period are treated as having minimum essential coverage for that 12-month period regardless of whether they enroll in any health care coverage.
In addition, U.S. citizens who are bona fide residents of a foreign country (or countries) for an entire taxable year are treated as having minimum essential coverage for that year. In general, these individuals qualify for the foreign earned income exclusion under section 911.
Individuals may qualify for this rule even if they cannot use the section 911 exclusion for all of their foreign earned income because, for example, they are employees of the United States. Individuals that qualify for this rule need take no further action to comply with the individual shared responsibility provision during the months when they qualify.
They will report their status with their federal income tax return on Form 8965.
See Publication 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad, for further information on the foreign earned income exclusion.
U.S. citizens who do not meet the physical presence or residency requirements must have minimum essential coverage, qualify for a coverage exemption, or make an individual shared responsibility payment when they file their federal income tax returns. Note that minimum essential coverage includes a group health plan provided by an overseas employer.
Download IRS Publication containing all rules by clicking HERE