All U.S. Citizens and Legal Permanent Residents must report worldwide income from all sources to the U.S. Internal Revenue Service. Although you may not have to pay any U.S. tax, you must file an annual tax return. Tax assistance is available:
- IRS International Customer Service in Philadelphia
Fax: 001-941-1055, from 12:00 noon – 2:00 AM.
U.S. income tax returns are due on April 15. However, if you reside overseas, your return is due on June 15, because you are given an automatic two-month extension to file. If this is your case, write across the top of your return: Taxpayer Resident Abroad. If you want an extension, overseas filers should submit Form 4868 by June 15th to request an extension to file until October 15th.
However, any tax due must be paid by April 15, 2017 to avoid being charged penalties and interest.
Please note that the IRS no longer publishes the Overseas Filing Package. Tax forms can be downloaded from the Internet at the IRS website online, or obtained by calling the IRS at 001-800-829-3676.
Affordable Care Act
Please find important information relating directly to nonresident aliens and U.S. citizens living abroad and the Affordable Care Act through the IRS website.
The United States Internal Revenue Service has no official exchange rate and accepts any posted exchange rate that is used consistently.
Exchange rates for previous tax years were as follows:
- 2017: $1 = 8.606
- 2016:$1= 8.745
- 2015: $1 = 8.392
- 2014: $1 = 6.558
- 2013: $1 = 6.117
- 2012: $1 = 6.056
- 2011: $1 = 5.847
- 2010: $1 = 6.20
- 2009: $1 = 6.30
- 2008: $1 = 5.647
- 2007: $1 = 5.864
- 2006: $1 = 6.42
- 2005: $1 = 6.44
- 2004: $1 = 6.74
- 2003: $1 = 7.08
- 2002: $1 = 7.98
- 2001: $1 = 8.99
- 2000: $1 = 8.80
Reporting Foreign Bank Accounts
As of July 1, 2013, the electronic filing of Form TD F-90-22.1, Report of Foreign Bank and Financial Accounts (FBAR) is mandatory through the BSA E-Filing System. This includes delinquent returns. More information concerning FBAR, FATCA and foreign bank account reporting requirements can be found at the IRS website.