![]() ![]() A tax credit allowing tax on remaining income to be reduced based on the taxes paid to foreign governments.This exclusion allows one to exclude USD 103,900 (this amount is for 2018 taxes) in earned income from foreign sources. There are, however, some provisions that help protect from possible double taxation. The United States is among only a few governments who tax international income earned by their citizens, as well as permanent residents, residing overseas. Find out more about our special service for Swiss Clients: Do not wait for your bank to contact you first or even freeze your account. Please note - if you have undeclared Swiss bank account(s), we can help you resolve this issue with the IRS. Along with the typical tax return for income, many people are also required to submit a return disclosing assets which are held in bank accounts in foreign countries by using FinCEN Form 114 (FBAR). US citizens, as well as permanent residents, are required to file expatriate tax returns with the federal government every year regardless of where they reside. Our clients hail from all parts of this small yet diverse country but roughly half come from Zurich, Geneva and Bern. taxes for Americans living in Switzerland for over 20 years. ![]()
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