WebExpats working in the UK have additional US-UK Social Security and tax obligations they need to adhere to. Americans living in the UK are required to pay capital gains tax on property sales, estate taxes, and self-employment taxes, if applicable. Incomplete filings can result in frustrating audits and penalties. WebUnder FATCA regulations, if an individual has more than $50K in a foreign account, they must file Form 8938. Fortunately though, these thresholds are much higher for Americans living abroad – roughly $200K is needed to trigger the requirement filing as single (or $400,000 if married filing jointly). As such, if you do not have more than $200K ...
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