Season 2 Episode 13:
Do U.S. Persons Abroad Still Need to File Taxes?
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Watch on YouTubeDoes a U.S. person still need to file a U.S. tax return after moving abroad? Living outside the United States does not automatically end U.S. tax reporting obligations.
This episode provides an overview of the United States’ worldwide income reporting system, potential relief through foreign tax credits and the foreign earned income exclusion, and key international reporting requirements, including FBAR, FATCA, and forms that may apply to foreign accounts, trusts, businesses, investments, and retirement arrangements.
Podcast highlights you shouldn’t miss:
- How worldwide income reporting may apply to U.S. persons living abroad
- The roles of foreign tax credits and the foreign earned income exclusion
- How FBAR and FATCA Forms differ
- Reporting issues involving foreign trusts, retirement accounts, companies, partnerships, and mutual funds
- Compliance procedures that may be relevant when prior filings were missed
Host: Chris Klug
Chris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions.
Host: Jyoti Vason
Jyoti is a U.S. CPA and Chartered Accountant with 20+ years in accounting and tax, including Big Four experience. She focuses on U.S. tax compliance for individuals and businesses, bringing clear guidance and trusted, client-ready support.
If this episode resonates with what you’re working through, contact info@basswoodcounsel.com. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.
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