Whether you are a citizen of US or you are a resident alien, paying the income, gift, and estate taxes is something that you must consider on a high node. These tax payments need to be estimated and filed properly. The estimation will remain same whether you are living in US or you are living at a foreign country like the UK. In this country, they have implement income tax on the international income. Due to this reason US taxes for Americans living abroad is an important topic and it must not be ignored. As per the recent announcement done by the congress, several changes were made with the taxation system. They have made it mandatory and strict laws are also implemented. Due to this reason, once you will fail to file the tax, you may come across legal actions. And when you are looking for a clean and better living in the UK, you will surely not like to face this type of circumstance.
There are some vital points that you need to understand as well as know before you can actually file such taxes. Whether you are in US or you are living abroad, you have to follow the due date for filing the taxes. You will also get two months of extension for filing such taxes no matter where you live and earn. In case you miss this extension period, you have to request for an extension so that you can file the tax. But there are people who use to live in the UK and they completely miss to file the taxes. Either these people are not aware of the time frame to file it or they are completely ignoring this time frame. In either case, you are going to face the legal actions and this is surely not good. As per the normal norms, you have to pay the taxes within the 15th or April. Once you will miss this due date, interest will be applied on your tax payment.
Department of the Treasury Internal Revenue Service Center located at Austin, Texas, USA is the place where you can file the taxes. Whether you are living abroad or you are green card holder, filing taxes is mandatory for just any US citizen. So, as a good citizen, you must respect to your host country’s rules and policies. Filing the taxes while taking help of the US tax advisor London can really deliver great benefits for you on a long run. This not only suggests that you are a responsible US citizen, but also this will help you avoiding the double taxation like thing. Hiring a professional US tax advisor London can benefit you in many ways. Such a pro can help you know more about the tax filing system and methods. He or she can even help you preparing the US taxes for Americans living abroad. In this way, you can file the taxes properly and without any error which is very important these days.