Living and working abroad offers exciting opportunities for career growth, lifestyle experiences, and financial diversification. However, for U.S. citizens and green card holders, earning foreign income comes with unique tax obligations that are often misunderstood or overlooked.
As a CPA with over 20 years of experience helping U.S. expats navigate complex tax rules, I’ve seen firsthand how even minor missteps in reporting foreign income can lead to penalties, interest, or missed tax benefits. This guide explains what counts as foreign income, how it is taxed, and key strategies for staying compliant while maximizing benefits.
