Foreign Tax Credits for U.S. Expats

us expat foreign tax credits

U.S. expatriates and Green Card holders earning income while working in a foreign country are subject to taxes in that country plus the United States.  To avoid double taxation, individuals can claim a Foreign Tax Credit (FTC). The laws governing foreign tax credits are complex and changing tax treaties can complicate matters further. Atlantax Group LLC is highly skilled in international taxation and knows how to claim credits for U.S. expats. As a qualified international tax accounting firm, we'll determine if you qualify for a Foreign Tax Credit to help reduce your tax burden and will prepare and file Form 1116 for each category of income to be sure you never pay more in tax than you actually owe.

Our international tax advisory services are aimed at helping you maximize foreign tax credits to lower your tax liabilities so you keep more of your hard earned money. Request a consultation now or call us at 212-601-2670 today to learn more.

Foreign tax credit planning for expats includes:

  • Preparation of Form 1116
  • Prevention of double taxation
  • Analyzing the pros and cons of claiming foreign tax credits
  • Identifying exclusions and maximum allowable tax credits by country