How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Megan C Your Own Question

Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 12544
Experience:  Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
Type Your Tax Question Here...
Megan C is online now
A new question is answered every 9 seconds

Hi, my wife is a US citizen but we moved abroad (as I am not

Resolved Question:

Hi, my wife is a US citizen but we moved abroad (as I am not from the US) when we got married. She/we never knew she had to continue filing tax returns. She has not worked for most of the time but I now understand she should still have been filing returns. Is this correcT?
Submitted: 10 months ago.
Category: Tax
Expert:  Megan C replied 10 months ago.

Megan C :

Hello! I am a CPA here to assist you with your tax questions. My goal is to provide you with excellent service today.

Megan C :

How are you today?

Megan C :

Your wife would only need to file a tax return if she had a certain amount of income

Megan C :

I'm sorry your requested professional is not online, by the way.

Megan C :

There is an interactive tool on the IRS website which will help you determine if your wife needs to file a tax return. You can CLICK HERE to access that tool.

Megan C :

If she earned income, she will need to file a tax return if that income is greater than the personal exemption and her standard deduction.

Megan C :

She would also need to file a tax return if her net self employment income is greater than $400.

Megan C :

Do you have more information on your wife's situation?

Megan C :

If she worked abroad, there are tax incentives such as the foreign earned income exclusion that would help lower the income she pays taxes on.

Megan C :

It's very possible that your wife has zero tax liability for the time she did not file.

Megan C :

My first step would be to walk through the IRS tool to determine if a return is even necessary. As I said before, if she earned no money whatsoever, she has no requirement to file a tax return.

Megan C :

However, your wife may have asset reporting requirements. If she is the owner of an account with over $10,000 USD in it, she has to report that to the IRS on form TDF 90-22.1

Megan C :

The FBAR report (the TDF 90-22.1) is accessible, HERE

Megan C :

Her requirement to report on this form is as follows:



  1. The United States person had a financial interest in or signature authority over at least one financial account located outside of the United States; and

  2. The aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year to be reported.

Megan C :

So, if at any day during the year the balance in the foreign accounts was $10,001 - she needs to report those accounts to the IRS

Megan C :

You as a nonresident alien have no obligation to report any assets that are solely in your name, and you have no income tax reporting requirement, unless you and your wife elect to treat you as a US person for tax purposes

Megan C :

Do you have any further questions about this? I will give you a moment to follow up with any additional information you may have.

Expert:  Megan C replied 10 months ago.
Our chat has ended, but you can still continue to ask me questions here until you are satisfied with your answer. Come back to this page to view our conversation and any other new information.

What happens now?

If you haven’t already done so, please rate your answer above. Or, you can reply to me using the box below.
Customer: replied 10 months ago.
Thanks for the thorough response Megan. She has not filed for 8 years (since we moved abroad) and she has only worked for 2 of those years and her annual income was less than $10,000.
I have been reading that even if she hasn't got tax to pay that she still has to file a return. Her name is XXXXX XXXXX of my checking accounts and the balance may have crossed $10,000 at some point. Given the situation how can she out things in place now and bring everything up to date. Would we have penalties? We were completely unaware of any of this
Expert:  Megan C replied 10 months ago.
Thank you for your follow up. To sort things out now,what she needs to do is file any returns that were not filed. Just file the returns for the years where your wife has income and the years where your balance crossed $10,000 in your account file the FBAR returns. This should bring you into compliance. If no tax is due, the penalties are minimal...with the exception of failure to file the FBAR which comes with a very steep penalty. However, I would not bring attention to the late FBAR I would let them contact you if they assess the penalties (known as quiet compliance). If they assess the penalty, then I would request an abatement under the pretense that you did not know of the requirements. Your failure to comply was not intentional by any means.

If you need anything else, please let me know. Otherwise, please rate my response as excellent so that I may receive credit for assisting you today.
Customer: replied 10 months ago.
Ok thanks so do the fear for any years it crossed 10,000? Also, do you think we will need professional assistance to file the returns or should we just attempt on our own?
Customer: replied 10 months ago.
Ok thanks so do we file fbar for any years it crossed 10,000 or just the last year? Also, do you think we will need professional assistance to file the returns or should we just attempt on our own?
Expert:  Megan C replied 10 months ago.
Thank you for your follow up. You could certainly enlist the assistance of a CPA or EA who has expat experience to help you with this, if you are not 100% comfortable with the filing of tax forms.

Thanks!

Please don't forget to rate as "excellent" so that I may receive credit for assisting you today
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 12544
Experience: Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
Megan C and 2 other Tax Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Meet The Experts:

 
 
 
  • Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
< Last | Next >
  • http://ww2.justanswer.com/uploads/KU/KUMI95/2013-9-30_195031_kumar.64x64.jpg Wallstreet Esq.'s Avatar

    Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
  • http://ww2.justanswer.com/uploads/CU/Cuttinggirl/2011-10-29_03719_wcrop2.64x64.jpg Wendy Reed's Avatar

    Wendy Reed

    Enrolled Agent

    Satisfied Customers:

    3052
    15+ years tax preparation and tax advice.
  • http://ww2.justanswer.com/uploads/CATax/2009-08-04_204548_Mark.jpg Mark D's Avatar

    Mark D

    Enrolled Agent

    Satisfied Customers:

    985
    MBA, EA, Specializing in Business and Individual Tax Returns and Issues
  • http://ww2.justanswer.com/uploads/IN/insearchoftheanswer/2013-8-16_0233_attorney.64x64.jpg Richard's Avatar

    Richard

    Tax Attorney

    Satisfied Customers:

    3229
    29 years of experience as a tax, real estate, and business attorney.
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg Megan C's Avatar

    Megan C

    Certified Public Accountant (CPA)

    Satisfied Customers:

    6121
    Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
  • http://ww2.justanswer.com/uploads/JG/jgordosea/2012-6-7_43138_GordosVeritas.64x64.jpg jgordosea's Avatar

    jgordosea

    Enrolled Agent

    Satisfied Customers:

    2783
    I've prepared all types of taxes since 1987.
  • http://ww2.justanswer.com/uploads/OZ/ozaukeecpa/2012-6-7_193219_Picture1croppedandshrunk.64x64.jpg MequonCPA's Avatar

    MequonCPA

    Certified Public Accountant (CPA)

    Satisfied Customers:

    2231
    CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.