Frequently Asked Questions – FAQ

FAQ Search


Popular FAQs

Retirement

There are various requirements for contributions to IRA plans. In general, the taxpayer will need to have taxable compensation that is not excluded under the Foreign Earned Income Exclusion. If all of your income is excluded, your contribution may be deemed an excess contribution.

Category: Retirement

If you are a U.S. citizen or a resident alien, the rules for filing income, estate and gift tax returns and paying estimated tax are generally the same, whether you are in the United States or abroad. With taxation of worldwide income, your U.S. and foreign income is subject to U.S. income tax, regardless of where you reside. It is a citizenship-based income tax.

Elsewhere in the world, the basic rule is that taxes are based on residency and not on taxation of worldwide income based on citizenship.

Category: Retirement

Load More


Recent FAQs

Retirement

There are various requirements for contributions to IRA plans. In general, the taxpayer will need to have taxable compensation that is not excluded under the Foreign Earned Income Exclusion. If all of your income is excluded, your contribution may be deemed an excess contribution.

Category: Retirement

If you are a U.S. citizen or a resident alien, the rules for filing income, estate and gift tax returns and paying estimated tax are generally the same, whether you are in the United States or abroad. With taxation of worldwide income, your U.S. and foreign income is subject to U.S. income tax, regardless of where you reside. It is a citizenship-based income tax.

Elsewhere in the world, the basic rule is that taxes are based on residency and not on taxation of worldwide income based on citizenship.

Category: Retirement

Load More

FAQ List

Retirement

If you are a U.S. citizen or a resident alien, the rules for filing income, estate and gift tax returns and paying estimated tax are generally the same, whether you are in the United States or abroad. With taxation of worldwide income, your U.S. and foreign income is subject to U.S. income tax, regardless of where you reside. It is a citizenship-based income tax.

Elsewhere in the world, the basic rule is that taxes are based on residency and not on taxation of worldwide income based on citizenship.

Category: Retirement

There are various requirements for contributions to IRA plans. In general, the taxpayer will need to have taxable compensation that is not excluded under the Foreign Earned Income Exclusion. If all of your income is excluded, your contribution may be deemed an excess contribution.

Category: Retirement

Load More


Submit A Question

What is your question?:

What question do you need an answer for?

FAQ Author:

What name should be displayed with your FAQ?