Do I Have to File a Tax Return?

Under U.S. tax law, all of the citizens and residents of US are required to file a tax return and report their worldwide income to the IRS, no matter where they live. Even if they have no tax liability, they are required to file a tax return provided their income exceeds certain minimal thresholds. The U.S. has treaties with many foreign countries that will reduce or even eliminate actual owed tax.

 » Read more about: U.S. Citizens and Resident Aliens Living Abroad: Filing Requirements  »

U.S.“person”who are considering conducting business outside the U.S. should consider the tax consequences of such entrepreneurship. The US rules in this area are highly complex, and you also have to look to the tax rules of the country within which you are considering conducting business as well as to any tax treaty between the US and such other country.

Who is a US “person”?

A U.S. person,

 » Read more about: US Persons Doing Business Abroad: U.S. Taxation  »