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      8 Tips When Reporting Foreign Income

      Year-End Tax Planning, Tax Filing, Reporting Foreign Income, Required Forms, Automatic Extension, FBAR, FATCA

      If you are living or working outside the United States, you generally must file and pay your tax in the same way as people living in the U.S. This includes people with dual citizenship.

      In addition, U.S. taxpayers with foreign accounts exceeding certain thresholds may be required to file Form FinCen114, known as the "FBAR" as well as Form 8938, also referred to as "FATCA." 

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