Correctly File Your Taxes While Living Overseas

You may not be aware of how to file your taxes ifAmong the problems that some people who have
you are an American citizen working and living abroad.recently moved abroad is that they did not bring all of
You may not be aware that even if you are outsidetheir tax information with them, or they moved before
of the country, the IRS and the US governmentthey could get all of their W-2 forms from their
actually require that you file your taxes. Although it is aemployers and they were actually sent to the old
different method, it's certainly a better option than notaddress in the United States. It is your responsibility to
filing at all because it is quite easy and you can steerget those documents. Regardless if that takes asking
clear of severe IRS problems.a good friend or family member to find your mail, or
Numerous people assume that they have a free passasking your company to send a new copy to your
for not filing their taxes if they work overseas. Theynew address, it needs to be done. Another option is to
also believe that their taxes don't need to be paid,let your company send you electronic copies through
either. This isn't the case, however. The IRS expectsemail, while the official ones are being sent through
everybody to file their tax returns to steer clear ofregular physical mail systems. This will allow you to
considerable IRS issues, regardless if you live in acomplete your tax returns in a timely manner and
foreign country or in the US.prevent an IRS problem.
IRS Form 2555-EZ and the Foreign Earned IncomeYou have a few choices in how to file your tax return
form, or Form 2555, are two types of tax forms thatif your spouse isn't an American citizen. Filing as
citizens residing and working abroad are made toMarried Filing Separately is one option. This means that
accomplish. To be able to fully qualify and be able toyou, as a taxpayer, would just report your own income
utilize either of these 2 forms, the taxpayer should bethat you have earned for that year. But if you also
a citizen of the United States of America, or even ahave children and you are the provider of more than
resident of the United States, but living in a foreignhalf of each child's support, then you can qualify under
country.the status of Head of Household. Lastly, you can
You'll need to file your tax return on April 15 of eachchoose to declare your spouse as a resident alien as
year like everyone else. But a 2-month extension isa third option. You would essentially be filing as Married
automatically given for American citizens residingFiling Jointly for tax reasons.
overseas. This would offer you more time to payWhen filing taxes from another country, it's advised to
outstanding tax debts and file the right forms correctly.consult a tax preparer. This is the best way to avoid
To utilize this 2-month extension, you will need toIRS issues, considering the various factors involved.
attach a statement to confirm that you qualify for it.