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Forum: USA

May 18th 2018, 2:28 am

Replies: 16

Tax liabilities for USC "abroad".

Views: 2,041

Posted By Giantaxe

Re: Tax liabilities for USC "abroad".

They will also have to be very careful not to commingle assets so as not to have his info appear on FBAR/FACTA. I'm sure there are plenty of high paid tax accountants involved...

Forum: USA

Apr 24th 2018, 6:15 pm

Replies: 16

Tax liabilities for USC "abroad".

Views: 2,041

Posted By Giantaxe

Re: Tax liabilities for USC "abroad".

You'll have to report all earned income to the US with the first $100k being excluded and the rest you'll get a foreign tax credit for any taxes paid on it. If the US tax is higher than the credit,...

Forum: USA

Apr 24th 2018, 5:58 pm

Replies: 16

Tax liabilities for USC "abroad".

Views: 2,041

Posted By Giantaxe

Re: Tax liabilities for USC "abroad".

There's a foreign earned income exclusion of about $100k and a foreign tax credit for any foreign taxes paid on income that is taxable in the US (for example, interest, capital gains and income above...

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