IRS Outlines Reporting Requirements for Foreign Assets, Income Earned Abroad

by Bruce Givner on April 28, 2015

On April 10, the Internal Revenue Service (IRS) said that American citizens and resident aliens, including individuals with dual citizenship who have lived or worked abroad for all or part of 2014, may have a US tax liability and filing requirement in 2015.

In a news release, the IRS stated that most people abroad need to file and that the deadline is June 15 if US citizens and resident aliens have a tax home and abode outside the US and Puerto Rico on the regular due date of their return. The same holds for taxpayers serving in the military outside of the US and Puerto Rico on their normal due date.

The IRS added that nonresident aliens who received income from US sources in 2014 must also determine whether they have a US tax obligation.

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