If you're a U.S. expat, you may be able to exclude foreign earned income from U.S. taxable income using IRS Form 2555. This form allows...
Our blog
Spreading the joy of information with you
FEIE vs. Foreign Tax Credit: Which One to Choose?
If you're a U.S. expat earning income abroad, you have two key tax benefits to reduce your U.S. liability: the Foreign Earned Income...
How to Make Estimated Tax Payments?
If you're a U.S. expat expecting to owe federal income tax, you may need to make estimated tax payments. Unlike employees with tax...
How to Report Foreign Bank Accounts on Your Tax Return
If you are a U.S. citizen or resident with a foreign bank account, you must disclose it on your tax return. The IRS requires all taxpayers...
Should Expats Own Foreign Rentals Through an Entity?
For U.S. expats who own foreign rental property, one of the biggest tax decisions is whether to hold the property personally or through a...
How to Report Foreign Rental Property Income?
Owning a rental property abroad means you’ll need to report all rental income to the IRS, no matter where the property is located or where...
Foreign Earned Income Exclusion for US Expats
Even if you’ve moved abroad for a brighter future or are considering working online abroad, you might still have obligations toward the...
How to Cash a U.S. Treasury Check Overseas
If you're an American citizen living abroad and receive a U.S. Treasury check—whether it's a tax refund, stimulus check, or another...
IRS Form 8858 Instructions: Foreign Disregarded Entity
As a U.S. expat, tax compliance can get complicated—especially when dealing with foreign business entities. If you own a Foreign...
Can the IRS Seize Foreign Assets?
The IRS has the authority to collect foreign assets to satisfy outstanding tax debts, but the process is complex and depends on several...
FBAR vs FATCA: Reporting Foreign Accounts as a US Expat
FATCA and FBAR are two distinct reporting requirements that U.S. taxpayers with foreign assets must understand. Although both target tax...
A Tax Guide for American Citizens in Singapore
Living as a US expatriate in Singapore presents a unique set of challenges, especially when it comes to understanding and navigating the...
Official Announcement: 2025 Scholarship Award
We are delighted to announce that 1040 Abroad’s 2025 International Studies Scholarship has been awarded to Jamal Campbell, who will be...
FBAR Penalties: Everything You Need To Know
Many Americans living abroad must file a Foreign Bank Account Report (FBAR) each year—but not everyone realizes this obligation, leading...