The following is a brief overview of some of the additional forms that may apply in the case of an expat taxpayer:
Form 8865: must be filed for each controlled foreign partnership in which the taxpayer is a 10% or more partner
Form 8858: must be filed for each wholly owned foreign entity that is disregarded for tax purposes (often by way of a “check the box” election)
Form 8854: initial and annual expatriation statement for those renouncing U.S. citizenship
Form 8965: expats that satisfy the Physical Presence test (requiring presence in a foreign country for at least 330 full days during a period of 12 consecutive months) or the Bona Fide Residence test are exempted from the Obamacare rules by filing this form
While these forms represent the less common forms for most of our clients, they are required forms under certain circumstances and the late filing or non-filing of these forms can lead to severe penalties.
Our experts at Expat Tax Professionals have extensive experience with all of the forms that are relevant to U.S. expats, and will identify, based on your circumstances, the reporting requirements that apply to you.
Straightforward Explanations with Helpful Expat Tax Tips
For an in-depth analysis of the IRS amnesty programs and practical tips for late filers, you are welcome to download and read our Expat Tax Handbook – Solutions for Delinquent Taxpayers. For additional tax guides, please see the Tax Forms and Guides section above in our main menu.