DiscoverThe DeductionDo Americans Abroad Still Pay US Taxes?
Do Americans Abroad Still Pay US Taxes?

Do Americans Abroad Still Pay US Taxes?

Update: 2024-08-15
Share

Description

How does living abroad impact the taxes an American has to pay? Unlike most countries that tax based on residency, the US employs citizenship-based taxation, meaning Americans are taxed on their global income regardless of where they reside. This unique system creates a web of complexities, including stringent reporting requirements and potential penalties, which can leave many US citizens feeling overwhelmed.
 
In this discussion, Marylouise Serrato from American Citizens Abroad, joins Kyle Hulehan to explore the implications of FATCA for Americans living outside the United States. Together, they’ll unpack the compliance hurdles and misconceptions surrounding US tax obligations abroad, offering insights on the future of tax policy and its impact on the global American community.
 
 Links:
 
 https://www.americansabroad.org/

Support the show

Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod

Support the show

Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Do Americans Abroad Still Pay US Taxes?

Do Americans Abroad Still Pay US Taxes?

Tax Foundation