IRS Publication 516 - U.S. Government Civilian Employees Stationed Abroad

AAA

DEFINITION of 'IRS Publication 516 - U.S. Government Civilian Employees Stationed Abroad'

A document published by the Internal Revenue Service that details the income tax requirements for United States citizens working for the government in a foreign country. Tax rules applying to U.S. citizens working abroad are fairly similar to those followed by citizens working at home, though some expenses are treated differently. The filing date for the tax return is April 15th.

INVESTOPEDIA EXPLAINS 'IRS Publication 516 - U.S. Government Civilian Employees Stationed Abroad'

U.S. citizens are taxed on their worldwide income. Those working in territories considered U.S. possessions - Puerto Rico, American Samoa, the Virgin Islands and the Commonwealth of the Northern Mariana Islands - are not subject to the guidelines in IRS Publication 516, and should use IRS Publication 570 (Tax Guide for Individuals with Income from U.S. Possessions).

RELATED TERMS
  1. Form 4563: Exclusion Of Income ...

    A tax form distributed by the Internal Revenue Service (IRS) ...
  2. IRS Publication 570: Tax Guide ...

    A document published by the Internal Revenue Service (IRS) that ...
  3. Audit

    1. An unbiased examination and evaluation of the financial statements ...
  4. Income Tax

    A tax that governments impose on financial income generated by ...
  5. Internal Revenue Service - IRS

    A United States government agency that is responsible for the ...
  6. Federal Tax Brackets

    Income tax groupings specified by the Internal Revenue Service ...
Related Articles
  1. 10 Steps To Tax Preparation
    Taxes

    10 Steps To Tax Preparation

  2. How To Appeal Your IRS Audit
    Taxes

    How To Appeal Your IRS Audit

  3. Surviving The IRS Audit
    Taxes

    Surviving The IRS Audit

  4. Should You File An Early Tax Return?
    Taxes

    Should You File An Early Tax Return?

Hot Definitions
  1. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  2. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  3. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  4. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  5. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
  6. Earnings Multiplier

    An adjustment made to a company's P/E ratio that takes into account current interest rates. The earnings multiplier is used ...
Trading Center