Some of the many expat and nonresident forms include the following. Many forms require 5 or more hours to complete – if filled out by an average taxpayer. We can reduce your time and save money.
- Form 1040 – The form every American files during tax season to report income to the IRS.
- FBAR (FinCEN Form 114) – Your Foreign Bank Account Report, used to report any assets in foreign financial institutions to the Financial Crimes Enforcement Network of the U.S. Treasury.
- Foreign Earned Income Exclusion Form 2555 – One of two methods for U.S. expats to avoid being double-taxed on income earned abroad.
- Foreign Tax Credit Form 1116 – One of two methods for U.S. expats to avoid being double-taxed on income earned abroad.
- FATCA Form 8938 – How you report assets in foreign financial institutions to the IRS.
- Form 5471 – Informational return for U.S. citizens who are also shareholders, officers, or directors of a foreign corporation.
- Form 8621 – Informational return for U.S. citizens who are also shareholders of a passive foreign investment company.
- Form 3520 – Informational return expats use to report certain transactions with foreign trusts, ownerships of foreign trusts, or if you receive certain large gifts from certain foreign persons.
Ready to file or confused about expat tax forms? Get started with Kauffman Nelson LLP CPAs. We have been doing taxes for US expats and nonresidents for over 30 years. Email us at email@example.com or call 949-480-1235 (this is a US number. We offer phone consultations to answer you questions and solve your problems.