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  • Expat Exchange - Having a Baby Abroad - Having a Baby in Shanghai, China - Advice from Expats on ExpatExchange.com
    Tob Turkey Turkmenistan UAE Uganda UK Ukraine United States Uruguay Uzbekistan Venezuela Vietnam Yemen Zaire Zambia Zimbabwe Join Sign In Home China Forum China Guide China Resources China Real Estate International Jobs Home China Forum China Guide China Resources China Real Estate International Jobs China China Newsletter Expat China 10 Tips for Living in China More China Tips China Expat Blogs China Travel Warnings City Guides Guide to Living in Beijing Guide to Living in Dongguang Guide to Living in Guangzhou Guide to Living in Qingdao Guide to Living in Shanghai Guide to Living in Tianjin Guide to Living in Zhuhai Resources Expat Health Insurance Mail Forwarding Mail Shipping Relocation Auto Shipping Auto Expat Tax Real Estate Agencies Business Services Currency Exchange Education Expat Banking Expat Counseling Expat Finance International Jobs Language Cross Cultural Legal Services for Expats Pet Shipping Travel Insurance Visa Immigration Expat Advice Having a Baby in Shanghai Comments Print Tweet Share Your Experiences Having a Baby Abroad What is the name of the city or town that you are reporting on Shanghai How recently did you give birth in the country that you are reporting on July 21st 2010 Describe your experience giving birth there What type of facility did you go to What if any type of pain management did you use How long did you stay in the hospital Was it a positive experience Etc I went to Shanghai East International private clinic in Pudong I had a wonderful experience I choose a British doctor Dr Mahad and all my wishes and requests were full field I had a natural birth with a epidural 10 hours labor The staff was great spoke English very well I was treated like I was in 5 star hotel How did you choose your doctor midwife or other type of medical professional I research for expats on line comments and i got few names I visit a couple doctors on my earlier pregnancy and I felt more calm and confident when I meet Dr Mahad I was very scare to have the baby in China and he gave me the confidence that everything was fine If you were to have another child in this country would you do anything differently in terms of preparation and or the delivery For sure I would have I would try to do all the same as my pass experience If a friend of yours living in the same country were expecting what advice would you give her Get in touch with other expats that have similar requirements as you of comfort language and expectation of service Interview different doctors and trust your heart Ask as many questions that comes to mind before making a decision of the hospital More Expat Advice about Having a Baby in China Having a Baby in Guangzhou Having a Baby in Shanghai Having a Baby in Shanghai View all Reports Worldwide Write a Comment about this Expat Report Sign In to post a comment Join Today free

    Original URL path: http://www.expatexchange.com/advice/88/27846/31/China/Having-a-Baby-In-Shanghai (2016-02-11)
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  • Expat Exchange - Expats - Moving Abroad - International Living - International Jobs - Expatriate
    protect the health and wallets of those who are living and working abroad Cover is tailored to give you and your family access to the best care and treatment available wherever you are in the world Who are Cigna We know there are a wide range of insurers out there so why should you choose Cigna Cigna isn t your standard insurance provider We are experts in delivering international healthcare Cigna combine many years of international healthcare experience with a deep understanding of the service and customer care you need as an expatriate To top it off we add the flexibility you need to create the insurance plan that works for you Our customers stick with us year after year and here s why Customer satisfaction is our primary goal at Cigna We ve listened carefully to our expatriate customers over the years to help us create a benefits package that s valuable for anyone relocating to a new country Our customers choose us for their international health insurance because only Cigna Global Health Options gives you all of the following Great flexibility All Cigna packages provide you with the flexibility to tailor a plan to suit your individual needs Globally compliant healthcare plans Three customisable levels of cover Optional extras for even more comprehensive protection The fine balance between the cover you want and the affordability you need Extensive experience Cigna have more than 30 years experience in helping customers find the right international health insurance package for them Over 60 million customer relationships around the world A wealth of experience in dealing with very varied and often unique clinical and service situations worldwide The knowledge to ensure that all policies integrate fully in the country you live and comply with local legal and regulatory requirements A wide global network Cigna customers benefit from a global network of trusted hospitals clinics and doctors An international workforce of 30 000 people A network of more than 1 million hospitals physicians clinics and health and wellness specialists A clinical team led by physicians who know the healthcare industry inside out Exceptional customer care The convenience and confidence of the Cigna customer care promise Help and advice given any hour of the day or night free of charge Access to the right person at the right time Our customer care team will direct your call to one of our healthcare experts Instant and easy access to healthcare facilities and professionals around the world Fast payouts Cigna will get you the money you need when you need it On the rare occasion you have to pay for your treatment directly you ll be reimbursed wherever possible within five days of receiving your claim Payment is provided in over 135 currencies Our mission is to help every one of our expatriate customers improve their health wellbeing and sense of security We value the feedback our customers give on our products and the service they receive You can read what our customers say about us

    Original URL path: http://www.expatexchange.com/expat-health-insurance-guide (2016-02-11)
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  • Expat Exchange - Healthcare Abroad in the EU - Healthcare EU, Travel Europe
    Finance FACTA FBAR Expat Blogs Retire Overseas Resources Expat Health Insurance Mail Forwarding Mail Shipping Relocation Auto Shipping Auto Expat Tax Real Estate Agencies Business Services Currency Exchange Education Expat Banking Expat Counseling Expat Finance International Jobs Language Cross Cultural Legal Services for Expats Pet Shipping Travel Insurance Visa Immigration Healthcare Abroad in the EU By European Commission Comments Print Tweet Summary The European Commission offers an overview of EU citizens healthcare rights while traveling in other EU countries Advice on unplanned treatment abroad When travelling to another EU country be it on holiday for business or to study should you fall ill or have an accident you have the same rights to healthcare as people insured in that country In case of an emergency you can contact any of the emergency services using the free of charge European emergency number 112 available throughout the EU You have the right to receive medical treatment in that country and to have your home country reimburse part of the costs You also have the right to be informed about the treatment options about how quality and safety is ensured and whether a particular provider is legally entitled to offer services Prescriptions issued by a doctor in your home country are also valid in all EU countries although medicines may be unavailable or called something else depending on the country The European Health Insurance Card The freely available European Health Insurance Card EHIC proves you are insured in an EU country Without a card you will not be refused treatment but may be required to pay for it up front and claim reimbursement once back in your home country EU citizens and non EU citizens legally residing in the EU Iceland Liechtenstein Norway or Switzerland and who are covered by a state social security scheme are eligible for a card Each member of a family travelling should have their own card Applying for the European Health Insurance Card Some countries issue the card together with a national health card In others you need to apply for it It should never cost you anything and it should be provided by your health insurer prior to travelling Contact your national health insurance provider to apply or get additional information Some rogue websites offer the card for a fee you should never use them and instead contact your public health care provider directly Restrictions on the use of the European Health Insurance Card non EU nationals cannot use their European Health Insurance Card for medical treatment in Denmark Croatian nationals cannot use their European Health Insurance Card in Switzerland The card will not help you with rescue and repatriation If you require free transport back home if you fall seriously ill or suffer an incapacitating accident while visiting another EU country you will need separate insurance cover The card does not cover you for private health care or health care costs for planned treatment in another EU country The card does not guarantee free services Each

    Original URL path: http://www.expatexchange.com/article/4452/Travel-Health-Healthcare-Abroad-in-the-EU (2016-02-11)
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  • Expat Exchange - Obamacare 911- What US Expats Need to Know About Coverage & US Taxes Abroad - Obamacare Expat, Affordable Care Act Expat
    face the penalty tax If anyone has additional questions please feel free to email info greenbacktaxservices com directly Thanks The Greenback Team biscaynebay Profile Private Message Dec 31 2013 14 21 I am a teacher in Egypt and plan to return next summer to visit my children I thought I could spend 50 days without penalty Is this a wrong assumption Also I am 66 and could apply for Medicare but will not yet Thank you Patricia GreenbackExpatTaxServices Profile Private Message Jan 2 2014 12 15 Hi Patricia As long as you can qualify as a Bona Fide Resident then it does not matter that you will be in the US for 50 days If you are a Bona Fide Resident you are excluded from needing Obamacare coverage We hope this helps The Greenback Team Irelandbound Profile Private Message Jan 3 2014 04 57 I am already enroled in Obama Care and am stil in the states Can i keep my coverage or must i drop it and enroll in an ex pat insurance program prior to moving to Ireland GreenbackExpatTaxServices Profile Private Message Jan 5 2014 21 57 Hello IrelandBound With regards to your message I would recommend keeping the Obamacare coverage you have until you can qualify as a resident in Ireland Once you are considered a resident or have sufficient coverage in Ireland then you no longer need your Obamacare plan We hope this helps The Greenback Team guest Jan 9 2014 15 05 Do I have to live in the USA to qualify for social security disability payments I currently live in the US I will soon have to stop working due to medical issues When I can no longer work I plan on moving to Ecuador GreenbackExpatTaxServices Profile Private Message Jan 10 2014 10 32 Hi With regards to your question about receiving Social Security after you move abroad unlike Medicare your US Social Security benefits will be available to you in most countries as long as you continue to be eligible for benefits Please see this article for more details http www greenbacktaxservices com blog retiring abroad social security medicare and form 8854 I hope this helps David McKeegan expatgringo Profile Private Message Jan 18 2014 19 26 Dear Mr McKeegan Thanks very much for your detailed and insightful article I have a follow up question that I have been unable to answer following exhaustive and exhausting online research namely are American expatriates living 100 of the time outside of the US still eligible to purchase healthcare insurance on the federal marketplace I have a preexisting heart condition that made me uninsurable outside of a corporate umbrella plan that is before Obamacare and I now live in Latin America and seldom return to the US However it is likely that I will need to have a follow up heart surgery at some point in the coming years and as I am uninsurable in LatAm due to my preexisting condition I would like to purchase healthcare on the US marketplace so that I can travel home before the surgery and have it in NC where I maintain an address though would probably not qualify as a NC state resident I am keen to buy US insurance because I am uninsurable elsewhere in the world and the cost of my upcoming surgery will be financially catastrophic if I have the surgery without insurance coverage Do you know if I am eligible for Obamacare coverage under these circumstances Do you have a suggestion for me Many thanks in advance Cory expatgringo Profile Private Message Jan 18 2014 19 32 Dear David I live outside the US for more than 335 days year and only maintain a mailing address at my parents home in North Carolina I have a preexisting condition that makes foreign healthcare coverage unaffordable so I would like to purchase coverage on the US federal marketplace to be insured in North Carolina so that I can travel home for healthcare for my preexisting condition if I need it Am I eligible to purchase Obamacare even though I do not live in the US more than 10 or so days year Thanks Cory GreenbackExpatTaxServices Profile Private Message Jan 21 2014 10 56 Hello Expatgringo Thanks for your comment With regards to your question you actually can t purchase insurance through the Marketplace if you live abroad There may be a possibility of getting insurance through a private insurance plan that will cover pre existing conditions except for the few that are grandfathered in but at this point our accountants believe this question is better posed to an insurance agent who can clarify You may want to ask the agent whether or not purchasing or renting a property in the US will allow you to purchase an insurance plan in the state of the property through the Marketplace or if you need to have that residence as your primary in order to qualify for insurance in that state If this option made you eligible it might cost less over the years than paying for heart surgery outright You may also want to look at US expatriate health plans there are a couple providers we recommend on our website to see if you re eligible and if you d be covered under their plan Hope this helps The Greenback Team jbbarker1947 Profile Private Message Jan 28 2014 12 01 We have been in Mexico for a year We recently renewed our rental housing for another year and our residency cards for another three years My wife is 62 and we would like to avoid the AHC Obamacare tax We are living on Social Security only We have rental receipts utility and phone receipts We will not be in the US over 30 days in 2014 Should we file with our Mexican PO address and form f2555 GreenbackExpatTaxServices Profile Private Message Jan 28 2014 13 38 Hello jbbarker1947 Thanks for getting in touch With regards to your message from the sounds of it you will not have to worry about purchasing coverage under the ACA As you and your wife are considered expats will be abroad for more than 330 days of the year you are not required to purchase coverage However you will have to file using your foreign address so that they know you are indeed an expat I hope this helps The Greenback Team cwgenest Profile Private Message Feb 5 2014 14 49 Hi thanks for info If you please Can a Bona Fide non resident ex pat out of country for a year later build a house in the U S and snowbird for under 6 months a year and STILL retain non residnet status and not need to buy Obamacare Or does owning a house and living there a few months trigger domiciled status Thanks in advance guest Feb 9 2014 03 33 David I have insurance currently for my family but it only covers medical expenses incurred in Thailand My children are now heading off for University in the US and I am trying to find out information on how the ACA affects me and my family and what can be done to ensure my children have proper health care cover while studying in the US I am an american citizen and my children are also but I no longer have any State residency as I have been living in Thailand more than 25 years now I cannot even apply for Health care cover under the ACA web site without a state of residence ACA also states my children two of which are Type 1 diabetics should be entitled to health care cover including the pre existing condition without prejudice and without increased premiums How do I go about getting this cover for them Individually as international students studying in the statues or as a family health care package GreenbackExpatTaxServices Profile Private Message Feb 10 2014 17 40 Hi Unfortunately with regards to getting ACA coverage for your children that is beyond the scope of our Obamacare knowledge I feel your specific situation would best be discussed by an ACA representative at https www healthcare gov Hope this helps The Greenback Team ifni Profile Private Message Feb 14 2014 03 21 Thanks for the helpful explanation My wife is American and moved here to Australia two years ago Now she is planning a visit back home to the US if she get s sick or injured while she s there will Obamacare cover her or will she need travel insurance guest Feb 16 2014 00 47 For federal tax purposes we are American citizens and bona fide residents of Taiwan However we return to New York State every summer to visit our family We maintain a NY State address We would like to purchase health insurance for the two months we are in the States At our income level we would be eligible for a subsidy if we lived in the US In the past we found that purchasing a two month policy was far to expensive Is there now a way that we could purchase health insurance and still receive the subsidy GreenbackExpatTaxServices Profile Private Message Feb 17 2014 15 51 For questions relating to what would be covered under temporary trips to the US you would best be served by speaking directly to an Obamacare ACA representative We deal only with the tax side of things and finding a healthcare solution that works best for you is something that will have to be discussed with your health insurance provider Bonnie3408 Profile Private Message Mar 19 2014 22 30 we are moving to Spain for 9 months so will not meet the residency test but will have work visas that give us access to Spain s national health care system and we may also buy private coverage from a European insurer Is this sufficient to avoid the penalty GreenbackExpatTaxServices Profile Private Message Mar 20 2014 10 49 Hello Bonnie From the sounds of it you would have sufficient coverage under the ACA However I would strongly advise speaking with an ACA representative to ensure that there is nothing in your situation that would alter that debib Profile Private Message Mar 21 2014 11 35 I am a US Citizen living and working in the BAhamas I have a job that requires me to attend vendor meetings in the USA from time to time It is a requirement of the work and I am directed by my employer to attend on behalf of the company However doing that puts me in the USA sometimes for more than 30 days in a calendar year Is there any way around the fact that these trips are a requirement of employment GreenbackExpatTaxServices Profile Private Message Mar 21 2014 11 52 Hello Debib Unfortunately work requirements are not an exception to the 330 day rule However you may qualify as a Bona Fide Resident http www greenbacktaxservices com blog qualifying as a bona fide resident depending on your specific circumstances Hope this helps The Greenback Team guest Mar 28 2014 23 13 I am 47 and have been living outside the U S for several years as a Bona Fide Resident but I will move back to the U S permanently around June of 2014 I do not have any American health insurance and I understand that after I move back I must get health insurance However I am unclear about the following 1 After I officially move back to the U S is there a deadline by which I must buy insurance in order to avoid the tax penalty for 2014 taxes If so what is that deadline is 30 days after I move back or 60 days or what 2 I understand that the next enrollment period for the Obamacare marketplace based insurance plans will be around November 2014 During the gap between June and whenever the next enrollment period insurance begins coverage what am I expected to do Do I have to shop on my own for insurance that begins immediately without use of the Healthcare gov website or do I have other options 3 Perhaps this question is the same as the previous one even after Obamacare starts can I buy health insurance on my own at any time of the year or can I only buy health insurance during the enrollment periods Hope these questions are not too stupid Thanks a lot GreenbackExpatTaxServices Profile Private Message Apr 1 2014 13 07 Hello Thanks for your question With regards to your message you should be able to purchase coverage as soon as you return through any qualified insurance provider not necessarily one through the ACA website though I hope this helps The Greenback Team guest Apr 1 2014 14 48 My son US Citizen 27 years old living abroad in Scandanavia for past 18 months not school not military just because I don t care about the fee if he has to pay a penalty if and when he makes enough money to file taxes My question is If I do buy him a catastrophic plan under the Affordable Health Care Act Obamacare and he incurs a major injury or is diagnosed with a major disease condition while living abroad etc will he be covered by the healthcare plan under Obamacare I m sure if either of these unfortunate circumstances occurred he d be moving back to U S Thank you expatgringo Profile Private Message Apr 1 2014 22 14 To the Parent With the Son in Scandanavia As I have a preexisting condition and live permanently outside the US I too was very interested to know whether I could purchase insurance in the marketplace of the state in which I was last resident so that I could obtain coverage in the event of a catastrophic health issue which my foreign health insurance provider will not cover and return to the US for e g surgery if need be After researching this issue at length calling both insurers and state marketplace representatives my conclusion is that in order to be eligible to purchase insurance in a state marketplace one must reside in the US at least 30 days in a given calendar year That is unless one can show US residency one isn t eligible Of course one can still purchase insurance on any state marketplace but that requires making a representation as to one s residency status which under these circumstances would be fraudulent The risk is that one pays months years of healthcare premiums and in the event of a catastrophic health issue coverage is denied This would seem a gamble on the odds of the insurer confirming dates of residency through the US State Department border exit entry databases Perhaps this is unlikely though if one were medevac d back to the US it might raise issues or even be obvious under the circumstances that the return was for a covered surgery Most disappointing to fall through the cracks in Obamacare especially for those of with preexisting conditions which were uninsurable before the law passed and now uninsurable due our expatriate status There s the rub Cheers GreenbackExpatTaxServices Profile Private Message Apr 2 2014 12 16 Also to the Parent With the Son in Scandinavia I am afraid ExpatGringo is right It really depends on the health plan you purchase and I fear that many would not be willing to insure someone living abroad full time Perhaps it would help to speak with your insurer to see what their policy on the matter is Sincerely The Greenback Team expatgringo Profile Private Message Nov 22 2014 18 11 Dear Sirs If an American living abroad arranges to spend enough time in the US each year to qualify as a resident for US tax purposes under the IRS residency test is that person then eligible to purchase insurance through the marketplace To wit the healthcare gov site s page regarding marketplace eligibility states that U S citizens living in a foreign country for at least 330 days of a 12 month period are not required to get health insurance coverage for that 12 month period The page goes on in the section How is living in the US defined to state that If you re considered a resident of the United States for tax purposes you re eligible to use the Marketplace Does this mean that an American living abroad but who satisfies the IRS residency requirement are eligible to purchase coverage on the marketplace For example if I purposefully fail the IRS Physical Presence Test by not arranging to be physically out of the US for more 330 days out of a 365 day period or stated in the positive I arrange to be in the US for more than 35 days each year am I then eligible or indeed required to puchase insurance on the marketplace I have a preexisting heart condition that makes obtaining insurance anywhere in the world impossible except under Obamacare hence the urgency of my question Thanks so much in advance for your time Kind regards Colby GreenbackExpatTaxServices Profile Private Message Nov 24 2014 15 42 Hello ExpatGringo Unfortunately you will have to speak to an ACA marketplace representative directly to see if there is a plan that will work for you You can review your healthcare options at https www healthcare gov Good luck The Greenback Team kaela Profile Private Message Mar 23 2015 06 50 Hi there I moved to the UK for my postgraduate studies in February 2014 I ve just finished my studies and am planning to return to the US next month As a long term student I was covered by the UK s National Health Service for the last year Therefore I had no health insurance in the US As a recent unemployed graduate what are my options Legally speaking do I have to prove that I have insurance if

    Original URL path: http://www.expatexchange.com/article/4276/Obamacare-911-What-US-Expats-Need-to-Know-About-Coverage--US-Taxes-Abroad (2016-02-11)
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  • Expat Exchange - Tips for Staying Healthy When Living Abroad - Living Abroad, Living Overseas, International Medical Insurance, Expat Health Insurance
    things When you are preparing for a move abroad there are several things that travelers can do to reduce their risk of falling ill while they are traveling By preparing yourself for a healthy move you ll be able to take in everything that your new home has to offer and reduce preventable illnesses and injuries Before you move it s always a good idea to familiarize yourself with the area that you ll be moving to Find out what kinds of vaccinations are required and which ones are recommended Talk with your doctor if you are unsure as they can advise you on which precautions to take Take into consideration your future living conditions as well since not all countries have advanced plumbing and sewage treatment programs which can make you more susceptible to disease Discuss your options with your doctor for both yourself and the rest of your family To make sure you are covered by medical insurance in case of emergencies check into short term travel insurance plan for coverage Since many traditional health insurance plans won t cover you when you are living abroad it s important to make sure you have an alternate form of coverage Plans can be purchased online with instant and easy access to ID cards and benefits information Prepare a medical kit packed with any prescriptions over the counter remedies and other important health items Be sure to include your emergency contact information including your doctor s name and phone number and copies of prescriptions It s also helpful to include a copy of your insurance card and the company s customer service phone number in case of emergencies Take hard copies of all emergency contact information including the number for your embassy office in your new home country These offices can provide valuable assistance for American citizens who become seriously ill or injured when living abroad and can also help out with any questions you may have about settling into your home country When you are living abroad take extra precautions to keep yourself healthy Eat well exercise regularly and stay away from tainted water sources and contaminated foods Most travel insurance plans include 24 hour a day assistance with finding a doctor or hospital in case of illness or emergency This can be extremely valuable in areas where high quality medical care can be difficult to find Be sure to select a plan that includes medical evacuations as this service can cost thousands of dollars for those who don t have insurance If you plan ahead and take the time to make sure you are healthy and maintain your health with good habits while you are living abroad you can get the most out of your new home without having to worry about preventable illness or injury Get the recommended immunizations and make sure to have all necessary prescriptions filled before you leave By taking the proper steps to stay healthy you won t have anything to worry about

    Original URL path: http://www.expatexchange.com/article/3740/Living-Abroad-Tips-for-Staying-Healthy- (2016-02-11)
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  • Expat Exchange - Everything You Ever Wanted to Know About FBAR! - US Expat Tax, Tax Returns Expat
    to thwart tax cheats who are hiding money in overseas accounts If you have a financial interest in or signing authority over foreign financial accounts with a cumulative balance of 10 000 or more at any point during the year you are report each account on the FBAR It is critical to note that if your account balance hits 10 000 for only one day or one hour you must file FBAR Filing Deadline The FBAR is filed each year by June 30th Unlike your US Federal Tax Return you cannot request an extension Filing the FBAR In prior years FBAR was filed via Form TD 90 22 1 and was mailed to the Department of the Treasury But now you are required to file electronically via FinCEN 114 Because it is not sent to the IRS it is filed separate from your US tax return This process is entirely online and more efficient than the old process New Process The BSA E Filing System is the new way to file You can authorize a tax professional to file on your behalf or you could file on your own When preparing on your own you can choose how you want to prepare FBAR with a PDF or online With the PDF version you can save as you go complete it at your leisure However if you have all of your documents in hand and are ready to file it may be faster to submit it online Either way you will get a signed copy to download for your records Before you file you ll want to gather a few important pieces of information Accountholder name s Name and address of foreign bank that holds the account Type of account checking savings etc Maximum value of the account s during the reporting period Error Proofing your Filing Throughout the form there are required fields you must complete before submitting It s also important to enter all information in the proper format to avoid getting your form kicked back Enter all phone and identifying numbers without any dashes or extra characters For example enter your phone number as 3313456464 Since all balances must be reported in US dollars you ll need to convert your balance prior to completing the FBAR If you are looking for a good place to get an accurate exchange rate try the Treasury s Financial Management Service rate select Exchange Rates under Reference Guidance at www fms treas gov There you can convert based on the exchange rate on the last day of the calendar year Encountering Issues Even the best online processes have problems sometimes The Frequently Asked Questions on the BSA E Filing site are your best resource if you encounter an issue Since the system has proven to be solid and there are no reports of widespread issues chances are you can fix any errors on your own If the Frequently Asked Questions don t answer your question fully we highly suggest you contact an

    Original URL path: http://www.expatexchange.com/article/4571/Expat-Tax-Everything-You-Ever-Wanted-to-Know-About-FBAR! (2016-02-11)
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  • Expat Exchange - 5 Things You Probably Didn't Know About Filing US Expat Taxes - Expat Tax, US tax return
    your US tax return that explains exactly what you are revoking because you can also revoke the Foreign Housing Exclusion if you elected it previously and why If you would like to elect it again within 5 years you actually need to request that from the IRS It is up to their discretion whether they believe any changes in your circumstances warrants a reversal of the revocation 2 FBAR and FATCA are not the same FBAR Foreign Bank Account Report and FATCA Foreign Account Tax Compliance Act are similar in that they are both part of the US initiative to uncover tax cheats hiding money in offshore accounts But their filing requirements differ With FBAR you must file if your foreign bank account balances reach 10 000 or more at any point during the tax year This is an aggregate amount of all your accounts so if the total of all your accounts exceeds this balance all accounts need to be reported The filing deadline is June 30 and there is no extension Under FATCA if the value of your specified foreign financial assets exceed certain thresholds you must file Form 8938 along with your US Federal Tax Return The filing requirements vary based on filing status and residency but for US expats they are 200 000 on the last day of the tax year or 400 000 at any point during the year for single filers 400 000 on the last day of the tax year or 600 000 at any point during the year for those filing married jointly You may need to file FBAR FATCA both or neither 3 You can get caught up on US tax returns without penalties Yes you read that right If you didn t realize you had a filing obligation the IRS has an amnesty program just for you The Streamlined Filing Procedures is perfect for those whose lack of filing wasn t purposeful meaning you weren t trying to hide from the IRS You simply need to file the last three years tax returns and the last six years FBARs and you will be up to date The IRS has waived all late filing and FBAR penalties but there is no end date for the program or the waiving of fees If you are behind we suggest you get caught up sooner rather than later so you don t miss this opportunity to do so without financial implications 4 Miscalculating days spent abroad can cost you thousands Many expats qualify for the Foreign Earned Income Exclusion by passing the Physical Presence test This residency test requires that you be physically present inside a foreign country for 330 full days in any 365 day period And to the IRS a day is a FULL 24 hour day So time spent in the air traveling to and from the US or other countries does not count towards the 330 day requirement So it is important to track your travel days carefully Simply spending

    Original URL path: http://www.expatexchange.com/article/4554/Expat-Taxes-5-Things-About-Expat-Taxes (2016-02-11)
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  • Expat Exchange - Preparing to File your US Expat Tax Return Now = Less Hassle Later! - US Expat Tax, Tax Returns Expat
    important Well for the 2014 tax year the FEIE allows to you to exclude the first 99 200 of foreign earned income and that number jumps to 100 800 in 2015 To pass the Physical Presence test you must be inside a foreign country for 330 of any 365 day period They must be 330 FULL days so time spent in the air or by sea does not count towards that 330 day total Pay close attention to your travel dates to ensure you qualify just one extra day in the US or in transit could cost you thousands Keeping an accurate and detailed travel calendar is essential for ensuring you qualify for big deductions Deductions Foreign Housing Expenses You may elect to deduct a certain amount of your foreign housing expenses if you qualify Qualifying expenses may include rent utilities property insurance parking and any expenses related to storing your possessions You will need specific documentation of these expenses More details about the Foreign Housing Exclusion can be found here Interest Taxes Any interest paid on a mortgage for your home or against an outstanding student loan is deductible These will be provided to you on statements from the bank or lending institution Certain other taxes may be deductible too such as foreign income taxes real and personal property taxes and local excise taxes Dependents Your children and other dependents can be a source of deductions or credits In addition child care costs for children under 15 can be deducted from your US expat tax return so contact the child care provider for a statement of your payments Other notable reporting requirements Foreign Bank Accounts If you have over 10 000 in foreign bank accounts during the tax year you must report these account s to the US Treasury Department by June 30 of each year This is a requirement of FBAR Foreign Bank Account Reporting and it is important While you don t need to send copies of your bank statements when you file you will need to have them in order to accurately report the balance s Remember that the 10 000 filing threshold is an aggregate amount so if you had 4 000 in one account and 7 000 in another you ll need to report both accounts FATCA Expats with specified foreign assets that exceed certain thresholds must be reported on Form 8938 to satisfy the requirements of FATCA Foreign Account Tax Compliance Act The reporting thresholds are as follows Single filers Value of assets exceed 200 000 at the end of the tax year or 300 000 at any time during the tax year Married filers Value of assets exceed 400 000 at the end of the tax year or 600 000 at any time during the tax year This is filed along with your US expat tax return so if you file for an extension the extension applies to Form 8938 as well Gather any statements related to financial overseas assets and if

    Original URL path: http://www.expatexchange.com/article/4538/Expat-Tax-Preparing-to-File-your-US-Expat-Tax-Return-Now--Less-Hassle-Later! (2016-02-11)
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