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Late Returns - Anyone have filed your tax returns late, are you able to still clear away the tax owed? Yes, but only after two years have passed since you filed the return with the IRS. This requirement often is where people discover problems when attempting to discharge their bill.

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Example: Mary, an American citizen, is single and lives in Bermuda. She earns a salary of $450,000. Part of Mary's income will be subject to U.S. taxes at the 39.6% tax rate.

The increased foreign earned income exclusion, increased tax bracket income levels, and continuation of Bush era lower tax rates are excellent news for many of American expats. Tax rules for expats are complex. Get the specialist help you desire to file your return correctly and minimize your Oughout.S. tax.

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