FR +33 781 611 140
FR +33 970 447 444
US +1 646 783 1140
US +1 646 786 3447
usXpertise, a French American CPA firm
Located in the United States and in France, we can assist you with your tax or accounting needs.
In most cases, the due date to file your US tax returns is April 17 2018. For simple or complicated tax returns, you may need help to respect your tax requirements. Our reactivity and our affordable fees will help you to go through this new tax period with serenity.
You came to the US as a student, a trainee, an employee or an investor, your visa may qualify you as a US tax resident or a US tax non-resident. Some visas are automatically excluded from the residence test (A, F, G, J, M, Q), which means that you will not be considered as a US tax resident but you will be taxable on your US source incomes. If you have another visa, after spending more than 183 days in the US, you will be considered as a US tax resident and you will be taxable on your worldwide incomes.
The computation of the threshold of 183 days is done on the last three years with specific coefficients.
As a US citizen or a green card holder living abroad, you are still considered as a US resident for tax purposes. In this situation, even if your tax residence is not in the US, you have to file a US tax return every year. You will benefit from the foreign earned income exclusion stipulated in the article 911 of the American tax guide and from the tax treaty signed between the US and the country where you are living. As a US tax resident living abroad, you may be entitled to a foreign income exclusion up to $102,100 for 2017. Moreover, if the country where you are living signed a bilateral tax treaty, you may be entitled to a foreign tax credit on your US tax return.
Be aware that US tax residents are taxable on their worldwide incomes and may have to file specifics reports regarding their foreign bank accounts and foreign financial assets.