Tax Obligation Reminder For US Citizens With Foreigh Assets

Ken

Platinum
Jan 1, 2002
13,884
495
83
From US Embassy:

On May 23, 2013, the Internal Revenue Service (IRS) issued a news release to remind U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2012, that they may have a U.S. tax liability and a filing requirement in 2013.
For such taxpayers who reside overseas, their form 1040 Individual Tax Return is due by June 17. Depending on the taxpayer's personal situation, Form 8938, Statement of Foreign Financial ssets, may also be due (attached to their form 1040). Depending on the balance maintained in a foreign bank account, a taxpayer may also need to file a form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR) by June 30, 2013.
These reminders are addressed in the IRS News Release found at IRS Reminds Those with Foreign Assets of U.S. Tax Obligations. More details also may be found at www.irs.gov.
 

Conchman

Silver
Jul 3, 2002
4,586
160
63
57
www.oceanworld.net
Every day there is an over-reach by big government. The US has no moral right to tax foreign earned income. Not even the German government does that, and their IRS is draconian.

Thank god for heroes like the Whistle-blower in the NSA case.