Preparation of US tax declaration
Americans, regardless of whether they are resident in the US or abroad, must generally submit a US tax return annually. The US tax declaration declares the total worldwide income and can lead to the taxation of foreign income in the US as well as in the country of residence of the American who lives abroad.
Depending on whether the respective country of residence has entered into a double taxation agreement with the USA, the income tax paid abroad can be offset against US tax. In addition, there is the possibility to exempt income from foreign income from US taxation. The foreign-income-income exclusion was USD 100,800 for the 2016 tax year.
US Tax Services has many years of experience in advising Americans living abroad. We will help you meet your US tax requirements and optimize your US tax burden.