Tax

US tax filing can be complex, but digital tools like TurboTax offer significant assistance. This comprehensive guide details TurboTax’s features, plans, and specific considerations for Japanese taxpayers, including the distinction between resident and non-resident aliens, FBAR/FATCA, and the Foreign Earned Income Exclusion (FEIE). We also compare TurboTax with alternatives like H&R Block, TaxAct, FreeTaxUSA, and the services of a Certified Public Accountant (CPA) to help you choose the best filing method. Complete with case studies, common pitfalls, and FAQs, this article aims to provide a complete understanding of the topic.

Introduction For man

U.S. residents receiving salaries from Japanese companies into Japanese accounts are still subject to U.S. worldwide income taxation. This article comprehensively explains the definition of a U.S. tax resident, the worldwide income taxation principle, mechanisms like the Foreign Tax Credit to avoid double taxation, and foreign financial asset reporting obligations such as FBAR and FATCA. Through practical case studies, common pitfalls, and FAQs, we provide detailed insights to help readers fully understand the complexities of U.S. tax law, emphasizing the importance of professional advice.