Eliminate the time you spend tracking international travel days and use Zoomlee’s tax-tracking function.
IRS… Audit… Income taxes… Federal… State… These are basic US tax terms that most people are familiar with and easily navigate through every April. April isn’t so simple if you’re a taxpayer living abroad, resident alien, foreign student, territory resident, nonresident alien, or one of the millions of people who are required to file international taxes. For these individuals, tax lingo isn’t so basic… Foreign Earned Income Exclusion, Foreign Tax Credit, Tax Treaties, Foreign Account Compliance Act and the ongoing struggle to keep up with filing dates and currency exchange. Do you know that you need to pay taxes on your global income in the US if you are a resident for more than 183 days in a tax year? That puts you in the category with millions of other International Taxpayers.
Every International Taxpayer falls under a different category. These categories can appear convoluted but it’s important to understand exactly where you sit. The IRS recently created a user-friendly map to help you determine exactly what category you belong. Visit the IRS’ official site for International Taxpayers.