What types of income do I need to report?

If you are a US citizen, you need to report your worldwide income if you meet the IRS tax filing threshold. Why? The US is one of the two countries that have citizenship-based taxation; the other one is Eritrea.

With MyExpatTaxes, you’ll be guided by our software to select the types of income that need to be reported. It is classified as US source and Foreign source income:

Source Income would be input under the “US Standard Tax Documents” section, which looks like this:

You’ll need to select which forms did you receive to input your US source income:

Foreign Source Income is on the tax return section on the navigation panel. You’ll need to choose “Select Income” as such:

Once you have input your income our software will automatically calculate the most beneficial expat tax benefit that you could use based on your tax situation. If these throw a red flag, a tax professional will review it further.