{"id":4901,"date":"2021-01-28T15:20:23","date_gmt":"2021-01-28T07:20:23","guid":{"rendered":"https:\/\/expattax.com\/?p=4901"},"modified":"2021-01-29T15:06:39","modified_gmt":"2021-01-29T07:06:39","slug":"the-irs-announces-kick-off-of-the-2021-tax-season","status":"publish","type":"post","link":"https:\/\/expattax.com\/the-irs-announces-kick-off-of-the-2021-tax-season\/","title":{"rendered":"The IRS Announces Kick-Off of the 2021 Tax Season"},"content":{"rendered":"\n

An American in Paris?<\/h2>\n\n\n\n

Inspired by George Gershwin, or even the 1951 movie of the same name, and now you\u2019re ensconced in Paris, Madrid, Shanghai or some other Shangri-La? Then you might be forgiven for forgetting about the IRS, even if for just a short while. However, expat or not, if you\u2019re a U.S. citizen, then the IRS wants you.<\/p>\n\n\n\n

Not me, surely?<\/h2>\n\n\n\n

In the main due to the F.E.I.E. (Foreign Earned Income Exclusion – $107,600 for the 2020 tax year) and Foreign Tax Credits, paying taxes can be alleviated, but almost all expats will still need to file taxes <\/a>annually. Incidentally, you may claim for these by filing the relevant forms, in order to avoid double taxation \u2014 and nobody wants that. So, even if you don\u2019t actually owe anything to the IRS, will still need to file if your gross worldwide income is over the filing threshold. This can include investments and rental income if you dabble in Airbnb or similar. The key point to remember is the U.S. taxes all U.S. citizens and green card holders, not just those residing in the U.S. So, sharpen your pencils and dig out all those incomings and outgoings, and set aside an afternoon in the sun if that\u2019s where you are lucky enough to be residing, and get ready for the 2021 tax season kick-off.<\/p>\n\n\n\n

Ready, Steady, Go<\/h2>\n\n\n\n

What are the minimum income thresholds? <\/p>\n\n\n\n