Why getting your tax preparation done is important if you live outside the U.S.?
If you’re a US citizen or Green Card Holder working or living outside the United State contact us for your tax preparation. The rules for filing an income tax return and paying taxes are normally the same. Whether you live in America or abroad. You should be aware of that fact IRS will require you to file taxes. Where you live does not matter to the U.S. government. However, you may still qualify for a Foreign Earned Income Exclusion program.
We have a bunch of well-experienced professionals providing you with complete support to file income tax while living abroad. Our experts are highly capable of providing all kinds of assistance regarding income tax return and its associated problems.
Should I File US Income Tax Return Even If I Live Abroad?
If you lived abroad during the tax year and thinking whether you should file US tax return, check your filing status. If it’s close to the amount you’re earning outside, you must file a Tax Return.
For all US resident aliens and citizens, four things determine whether you should file a Tax Return;
- The total amount of income you earned while working abroad
- Filing status
- Age
- If you’re reliant on another US taxpayer
Below are a couple of important things you should report if you live outside the United States;
Foreign income tax preparation
First off, you would need to convert your income into US dollars. This will help you estimate the exact amount of your income you earned while living or working outside the United States.
Gross income
It includes the income you earned throughout the tax year, including services, goods, money, self-employment earnings, and property that isn’t tax-free.
If you earned a specific income for work while working in the United States, you must mention that income as US source income. If you’re having trouble determining the amount you earned while living/working in the United States or Abroad, you could determine the amount using the specific method suggested by the IRS or avail services for an expert.
We have a team of highly experienced professionals who know exactly how it’s done. So, look no further than Green Tree Tax if you’re into that kind of situation. We offer exclusive Tax preparation services at a very reasonable price you can’t resist.
Contact Green Tree Tax
At Green Tree Tax, we are more than happy to answer all your questions. Whether they are complex or simple. We are a leading tax preparation and other IRS audit provider.
Our team of talented professionals has a wide range of knowledge. Actually, we participate in several CE classes to broaden our knowledge. Further, we have an eagle eye on everything congress does. So, we actively look for the changes that the government makes. Get the best and professional tax preparation at our office.