Expatriate's Guide to U.S. Taxes

Barron Harper has just released the updated for 2011 version of his ebook on Expatriate Taxes. In an effort to simplify and explain the tax code for expatriates, it is available for immediate download, for €10 Euros.

A sample of the book is available free, to give you an idea what the book contains.

The full version includes an interactive table of contents and easy page to page navigation.

Here is a snippet from the book:

The Foreign Earned Income Exclusion and the Foreign Tax Credit are the main options available to Americans abroad for avoiding double taxation on their foreign earnings. Whereas FEIE excludes $92,900 from U.S. taxation, the FTC allows foreign taxes paid as an offset to U.S. taxes assessed. American expatriates have the option of applying either or both FEIE and FTC.

The FTC can only be applied against taxes paid or accrued on foreign earnings. These earnings may include earned income, interest or dividends, royalties, and gain from the sale of non-depreciable personal property from foreign sources. But these earnings do not include foreign social security taxes, property taxes, or value added taxes.

Depending on the foreign earnings, taxes must be separately calculated against a General Income category (foreign wages and salaries) or Passive (interest, dividends, or capital gains).