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Why American Expats Abroad Still Need To File Tax Returns

June 16, 2017 Joshua Katz CPA 0

The United States government is one of the few governments in the world that hold their expats liable to pay income taxes. There are certain exclusions, like the foreign earned income exclusion of up to $100,000, but citizens are always required to file. Even if you owe nothing, failing to file may accrue penalties that can ruin your financial life. The IRS is very influential around the world, so it is difficult to hide from […]