US citizens residing outside of the US face a rare challenge that citizens of other countries don’t face when residing outside of their native borders. The unique challenge that US citizens must address, is the US Congress imposes an income tax on the worldwide income of every US citizen, regardless of the location of their residence, income source or assets. There are many provisions in the US tax code that a US citizen can take advantage of to minimize the tax liability of their non-US sourced income. However, if the annual income of a US citizen exceeds certain thresholds, they are still required to report their income to the US treasury annually.
About Global U.S. Tax Plan
Global US Tax Plan is committed to alleviating that burden for US persons residing in Thailand. Whether you earn a salary, own a business, or freelance your services, we are dedicated to ensuring that our clients are compliant with all of the complicated, international US reporting requirements. Our quality control standards and adherence to professionalism enables us to ensure that all our clients’ US income tax needs are met in a way that minimizes their US tax liability.
This Affinity Program is promoted by The American Chamber of Commerce in Thailand.