Updated IRS Guidelines
For U.S. Citizens Working Abroad
The IRS has recently issued two items to assist U.S. citizens living abroad in understanding their U.S. tax obligations. The first is FS-2011-13, which provides information on federal income tax return and foreign bank account report filing requirements, including how to file and potential penalties for failure to file.
The second is Publication 54 (Tax Guide for U.S. Citizens and Resident Aliens Abroad), which provides guidance in preparing 2011 tax return.