The US taxes its citizens on their worldwide income, regardless of where they reside. This fact may come as a shock - it has done to many of the estimated 7.6 million Americans living abroad. The IRS estimates that only half of all US expats are filing the required US tax returns each year - that leaves a lot of outstanding returns! Thankfully, the IRS created a program to get caught up that is ideal for expats who were simply unaware of their filing requirements.
You need to complete the last 3 years of US tax returns and 6 years for foreign bank account reporting (FBAR).
You need to complete the last 3 years of US tax returns and 6 years for foreign bank account reporting (FBAR).
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