What are the tax obligations for expats living abroad?

What are the tax obligations for expats living abroad?

Expats typically need to file taxes in their home country and may also have obligations in their host country. It depends on the tax treaties.

Do I have to pay taxes in both countries?

It depends on the tax laws of both countries. Some countries have tax treaties that prevent double taxation.

How can I avoid double taxation?

You can avoid double taxation by claiming foreign tax credits or deductions, and by utilizing tax treaties.

What forms do I need to file?

You may need to file forms like the IRS Form 1040 for the U.S. and any local tax forms required by your host country.

Where can I find more information on this?

You can visit the IRS website or consult a tax professional who specializes in expat tax issues.