US tax filing for Americans in Ireland can involve annual IRS returns, foreign bank account reporting and careful coordination with Irish tax obligations.

In this episode, Stephanie Wickham speaks with US CPA Josh Katz about what Americans living abroad must file, why filing does not necessarily mean paying tax twice, and how missed returns can often be corrected.

Stephanie and Josh also explain the Streamlined Filing Compliance Procedures, which may help Americans who failed to file because they genuinely did not know about their obligations. Eligible taxpayers may be able to submit a limited number of past tax returns and FBARs, together with a statement explaining that the failure was non-wilful.

Finally, they consider the practical challenge of coordinating Irish and US filing dates. US returns are generally due earlier than Irish income tax returns, although Americans abroad may have access to automatic and requested extensions. Where US tax may be payable, an estimated payment may still be needed by the April deadline to reduce interest or penalties.

About Josh Katz:

Josh Katz is a US CPA and the founder of Universal Tax Professionals. He specialises in US tax compliance and planning for Americans living abroad and works with clients in more than 50 countries.

His work covers annual US tax returns, FBAR reporting, foreign companies, trusts, investments, compliance programmes and cross-border tax planning. He regularly works with Americans living in Ireland, people moving between Ireland and the United States, and taxpayers who have only recently discovered that they should have been filing US returns.

Get in touch with Josh Katz & Universal Tax Professionals:

Website: https://universaltaxprofessionals.com/

LinkedIn: https://www.linkedin.com/in/joshuanathankatz/

Email: [email protected]

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If you loved this episode or have a similar story, we'd love to hear from you! You can get in touch with us directly at [email protected] or leave a rating and review on Apple Podcasts or Spotify.

Taxbytes for Expats is brought to you by ExpatTaxes.ie. If you're considering moving to or from Ireland and would like support with your taxes, book a consultation today: https://expattaxes.ie/book-a-consult/.

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Chapters:

• (00:00) Introduction to US Tax for Americans Abroad
• (00:50) Meet Josh Katz of Universal Tax Professionals
• (03:22) Why Americans Abroad Still Need to File
• (04:23) FBAR Reporting and Foreign Bank Accounts
• (06:18) Common US Expat Tax Misconceptions
• (08:16) PFIC Rules and Foreign Investment Risks
• (10:38) Catching Up on Missed US Tax Returns
• (13:02) When Professional Tax Advice Is Helpful
• (14:55) Coordinating Irish and US Tax Returns
• (18:03) Foreign Tax Credits and Double Taxation
• (19:10) Irish and US Filing Deadlines
• (21:24) Estimated Payments and Late Payment Risk