Expat Taxation

Tax Filing for US Citizens and Green Card Holders Living Abroad

Living outside the United States doesn’t exempt US citizens and Green Card holders from US tax obligations. Because US taxation is based on citizenship and residency status rather than physical location, expats remain required to file annual tax returns and, in many cases, additional disclosure forms covering foreign assets, accounts, and income. This is one of the most misunderstood areas of US tax law, and the consequences of getting it wrong, or simply not knowing the requirements exist, can be significant.

At FINACT Professional Services, we support US expats with both ongoing annual compliance and catch-up filings for those who may have unintentionally missed prior years, helping them get back on track through recognised, compliant IRS programmes.

US expatriate taxation services for American citizens living and working abroad

Our Expat Tax Services Include

  • Form 1040 preparation with full foreign income reporting
  • Foreign Earned Income Exclusion (Form 2555), helping exclude eligible foreign-earned income from US taxation
  • Foreign Tax Credit (Form 1116), allowing credit for taxes already paid to a foreign government
  • FBAR reporting (FinCEN Form 114) for foreign bank and financial accounts
  • FATCA compliance (Form 8938) for reporting specified foreign financial assets
  • Support with prior-year and late filings, including guidance through IRS catch-up procedures

Avoiding Double Taxation, Done Right

The greatest concern for most expats is being taxed twice, once by their country of residence and again by the US. Our approach is built around minimising this risk through the correct and strategic use of exclusions and credits, ensuring you remain fully compliant without paying more tax than necessary. Every expat’s situation differs depending on country of residence, income type, and asset holdings, so we tailor our approach accordingly rather than applying a standard template.

FAQs – US Expat Taxation

Do expats have to pay tax twice?
Generally, no. When applied correctly, tax credits and exclusions such as the Foreign Earned Income Exclusion and Foreign Tax Credit help prevent double taxation on the same income.

What if I have not filed for previous years?
We assist with catch-up filings and guide you through the appropriate, compliant methods available to bring your filings up to date, without unnecessary penalties wherever possible.

Is FBAR included in the same fee?
This depends on the agreed scope of work for your engagement. All services and associated fees are explained clearly before we begin, so you know exactly what’s included.

Partner with FINACT Professional Services for accounting advisory you can trust. Get in touch with our team today to discuss how we can support your business through its next financial milestone.

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