Form 2555 Tag

13 Nov

Foreign Tax Credit – Optimizing on a US Tax Return

US citizens and permanent residents are taxed on worldwide income, regardless of where they live in the world. Fortunately, there are two common methods that US expats utilize to eliminate...

20 Jan

Foreign Housing Allowance (calculation)

In addition to the Foreign Earned Income Exclusion (FEIE), some expats are able to deduct a portion of their housing costs via the foreign housing allowance. The intent of the foreign...

19 Jan

Foreign Earned Income Exclusion (explained)

by holaexpat in General Expat Tax Information in General Expat Tax Information Comments

U.S. citizens and permanent residents are subject to federal income tax on worldwide income - it doesn't matter where you generate income. Fortunately, the U.S. government offers an important tax...