U.S. EXPAT TAX SEMINARS FOR AMERICANS LIVING ABROAD

American-Hellenic Chamber of Commerce and U.S. Embassy in Athens hosted the Expat Tax Seminars for Americans living abroad. The seminars attended more than 400 Americans living in Greece.

Seminars were an excellent opportunity for those interested in the unique tax filing and bank report obligations of U.S. citizens working or living abroad. The presentation was followed by a Q&A session.

Topics covered include:

• US citizenship taxation – every US citizen is subject to tax on his/her worldwide income regardless of the source of that income.

Important Note:  Persons born in the United States are citizens automatically.  US citizenship does not depend upon getting or having a US passport or social security number

• Use of the Foreign Earned Income Exclusion (FEIE) under I.R.C. Section 911 and of Foreign Tax Credits to reduce or eliminate US tax
• Foreign Bank Account Report (FBAR) filing requirements for US citizens
• The Foreign Account Tax Compliance Act (FATCA) filing requirements for individuals and foreign bank reporting of “US accounts”
• Tax return and FBAR filing compliance for delinquent US taxpayers

Expat Tax Seminar Presentation