Expat Taxes Do I need to file a return?
Do I need to file a tax return if I am living outside the United States?
This week we answer a question from a listener who wants to know “do I need to file a return, if I don’t expect to owe taxes?” Morey suggests people shouldn’t assume they know the answer to any tax questions, because the tax code changes so rapidly. Morey and the entire Glazer Financial team have pledged to keep current on all tax changes to make tax planning as easy as possible for expatriates, whether they live inside or outside of the U.S. If you have questions about your tax situation then contact Morey at email@example.com.
Key Takeaways:[1:00] On December 15, 2015 – tax changes took place [1:55] Getting deductions you never knew you had [2:47] Morey can help you to stay compliant with U.S. tax laws [4:38] Morey answers listener questions [5:38] The budget bill, which was just passed, had more than 2000 pages [6:52] Paul S. wants to know if he needs to file a tax return [8:51] File the tax return even if you don’t owe any tax [11:22] You have to file if you have a foreign corporation or foreign bank account [12:47] You cannot assume anything unless you do the work [14:11] You cannot use the excuse of “bad information” from your tax professional [15:03] The cost of an audit is more than what the original tax would be [16:02] We don’t charge for a 3-year tax review [16:53] You may be helping someone else by asking your question [17:36] Every Tuesday we’ll have a new episode with tax help for you