- Foreign Earned Income Exclusion (Form 2555)
- Foreign Tax Credit calculations (Form 1116)
- Reporting foreign wages, consulting income, and investments
- Coordination with local-country tax filings where applicable
We assist with:
- FBAR (FinCEN Form 114) filing
- FATCA reporting (Form 8938)
- Foreign bank, brokerage, and pension accounts
- Multi-account consolidation and reporting
Typical planning areas include:
- Choosing between Foreign Earned Income Exclusion vs Foreign Tax Credit
- Managing multi-country income streams
- Tax considerations for remote work arrangements
- Planning for relocation between countries
Support may include:
- Foreign company ownership reporting
- Coordination with local accountants
- U.S. tax implications of foreign dividends or distributions
- Cross-border structure considerations
Common Filing Situations
Typical client situations include:
• U.S. citizen living in Germany working for a German employer
• Remote worker living abroad but paid by a U.S. company
• Digital nomad with income from multiple countries
• U.S. founder operating a foreign startup or consulting business
• Americans with foreign bank or investment accounts
Compliance Reminder
Important Note
U.S. citizens and green card holders are generally required to file annual U.S. tax returns regardless of where they live.
In addition, foreign financial accounts may need to be reported through FBAR and other disclosure forms, even when no U.S. tax is due.
Early planning can help reduce compliance risk and unnecessary tax exposure.