Do U.S. citizens have to file taxes when living overseas?

A general lack of information regarding expat tax filing requirements has often led to incorrect information circulating in expat communities and, as a result, some international school teachers from the USA think that US tax filing requirements are waived when residing overseas.

However, every international school teacher holding a US passport is required to file an annual report of worldwide income that exceeds IRS minimum filing thresholds.

In addition to this requirement, the reporting of foreign bank accounts (FBAR) and foreign assets has become increasingly stringent and requires most US expatriate taxpayers to report such foreign holdings on an annual basis. International school teachers can sometimes have a number of bank accounts in a number of countries, and penalties for failing to report these accounts can be steep.

TieTax is available to help navigate this increasingly complex arena!!

TieTax is a full-service tax advice and preparation service specializing in returns for US taxpayers resident overseas. TieTax Service serves clients in over 50 countries and is ready to answer your questions and meet your tax preparation needs.

TieTax strives to provide personal service and exceptional quality. Our services include tax advice; tax preparation and submission of all required extensions and federal and state tax returns; and a guarantee to pay any penalty or interest arising from any errors or omissions on our part.

Normally returns are filed electronically, signed copies are provided to you via e-mail in encrypted form to preserve your privacy, and a secure bill payment system is used to ensure your personal financial information is protected.

No matter what your status, whether you are a new expat or need to catch up on missed tax filings, please feel free to contact us for a no-cost / no-obligation discussion.

Global Benefits Group    
In conjunction with our partner organizations, we are able to provide a full range of retirement and financial planning services through our fully licensed brokerage as well as provide international health, life, travel, and disability insurance for individuals and groups.

This article was submitted by TieTax representative Stephen Boush. Please contact Stephen (stephen.boush@tietax.com)  for more details on maintaining compliance with IRS and Treasury requirements as an overseas citizen, retirement and investment planning as a US national abroad, or for international insurance needs!

The Journey to School: American International School of Budapest (Budapest, Hungary)

The journey to work is indeed an important one.  The journey though is not so clear for international school teachers when they are looking for jobs at schools in cities/countries at which they have never been.  So let’s share what we know!

One of our members, who works at the American International School of Budapest (Budapest, Hungary), described the way she gets to work as follows:

The road to American International School of Budapest in Hungary

My journey to school each morning starts downtown in the heart of Budapest. Before it was united in 1873, Budapest used to be two smaller towns, Buda and Pest, separated by the Danube river. Buda is the hilly more residential side to the west while Pest is the flatter, more touristy downtown to the east. Being a city person myself, there was no doubt that when I got a job at the American International School of Budapest, I would choose to live on the Pest side. One thing that was a tick in the “PRO” column for me in choosing to move to Budapest was that there is a great public transportation network that not only covered the entire city but could bring me all the way to the front gate of the school. (I did not want to get a car!) For the first half school year, I did take public transportation every morning and that took me just over an hour each way. I had to change two times though (tram + tram + bus), so that was not ideal. By the second semester, I had found myself a carpool saving me a significant amount of time each morning, but the need to get back home after school in a timely manner following various meetings and activities convinced me to finally buy a car in year two.

Of course, not everyone chooses to live so far from school. Many families live in the village of Nagykovácsi where our school is located and they are able to live in houses with big backyards and enjoy a commute that is under five minutes. Some even walk or bike to school. Other teachers choose to live on the Buda side but not quite so close to school. One popular area is near Széll Kálmán tér (circled on the map) which is a transportation hub making it easy to get to both school and the Pest side. Because the Buda side is very hilly, many of the apartments on this side offer lovely views.

Back to the journey . . .

This is the street where I live. I generally leave between 7:00 and 7:10 am. The drive takes about 30 minutes, and during that time, I catch up on podcast episodes.

One of the benefits of having to cross the river to get to school is getting to see this view every morning. It never gets old!

Here are some of the buildings I see along the way to school each day.

As you get closer to school, it becomes less developed. The school is surrounded by a protected forest area which is quite pretty.

On the final approach to school, you can see the campus off to the left. It really is a sight to see. All of this open area to the left here was recently purchased by AISB ensuring that a future development doesn’t come close to the school.

Finally, here is the entrance to the upper building of the school where the middle and high schools are located. (The elementary building is at the bottom of the hill and connected by a bridge.) I usually arrive around 7:40 a.m. Teachers have to be at school by 8:00 a.m., so this gives me a little bit of quiet time in my room before the day starts.

The drive home takes about 45 minutes on a good day. On a bad day it can be closer to an hour (occasionally more). Still, after eight years, I’ve never been convinced to move closer to school.

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This Journey to School article was submitted to us by an ISC member, Lindsay Manzella. Lindsay has been working in international schools since 2010. You can find out more at her blog The Present Perfect or on Twitter @MsMTeachesELLs .

What to know more what it is like to visit and live in Hungary?  Out of a total of 6 international schools we have listed in Hungary, 4 have had comments submitted on them. Here they are:

American International School of Budapest (81 total comments)
Britannica International School Budapest (67 total Comments)
British International School Budapest (12 total Comments)
Greater Grace International School (7 total Comments)

So what is your journey to the international school you work at?  Earn one year free of premium membership to our website if you participate in this blog series – ‘The Journey to School’.  Email us here if you are interested.

Is Getting to Work Dread or Joy: 23 Journeys to International Schools Around the World

The journey to work is indeed an important one.  The journey though is not so clear for international school teachers when they are looking for jobs at schools in cities/countries to which they have never been.

On the ISC blog, we have a blog category called The Journey to School. It discusses the ins and outs of how international school teachers get to work/school in many countries around the world.

Nobody wants a horrible journey to work. Long journeys can really waste away your day (if your journey is one hour each way, for example). In some schools you need to use public transport, other schools you need your own car. It is possible that some teachers actually can take the school bus along with the students at their school. Usually, that is free, so that can be nice. Also, it can stop teachers from working long hours as you need to be ready to go home when the school bus leaves!

In some countries and at certain international schools, your journey can be one that has very nice things to look at. How wonderful to have some beautiful scenery to look at as you get your mind ready for a day of work. On the other hand, it can be that teachers at some international schools are just going on a highway with views of boring high-rise apartment buildings with very little nature to look at.

Another way to get to work is to ride your bike or just walk. For teachers who’d like to get a bit of exercise in their daily routine, this can be quite a good setup!

We currently have 23 journeys listed in The Journey to School blog category. We have listed them all here:

On the way to International School Basel

International School Basel
Tarsus American College
Cheongna Dalton School
Jerudong International School
American Embassy School New Delhi
International School of Brussels

On the way to Anglo American School of Sofia

Anglo American School of Sofia
Xian Hi-Tech International School
Singapore American School
Leysin American School
American International School in Egypt
Ruamrudee International School Bangkok
Western International School of Shanghai
Chatsworth International School (Singapore)

On the way to Dulwich College Suzhou

Dulwich College Suzhou
Hong Kong International School
NIST International School
International School of Tanganyika
Copenhagen International School

On the way to The Bermuda High School for Girls

The Bermuda High School for Girls
Rasami (Thai-British) International School
American School Taichung
Al Hada International School

So what is your journey to the international school you work at? Earn one year free of premium membership to our website if you participate in this blog series – ‘The Journey to School’.

All you need to do is take a few pictures of what you see or do on your way to school and then write a description of your journey. ISC members will appreciate you sharing what you know as it gives an excellent insight (for prospective teachers) into what it might be like to go to work at your school each day.

Email us here if you are interested.