Foreign Tax Reporting
Foreign income reporting can quickly make you feel like you don’t speak the language. If you’re an American living abroad, you’re required to file taxes with the IRS. Doing so from another country is where it can get tricky. Sealy Singer, LLC, can make sense of your foreign compliance. There are several exemptions, exclusions and deductions you’re entitled to, such as the Foreign Earned Income Exclusion and Foreign Housing Exclusion. We also understand the filing obligation of a non-U.S. resident who lives in a foreign country and owns a U.S. company and what happens when you have a foreign bank account.