IRS Publication 516 - U.S. Government Civilian Employees Stationed Abroad
 |
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 Definitions
Articles Of Interest
-
Surviving The IRS Audit
Keeping thorough records and knowing the penalties make this experience easier than you'd expect. -
Should You File An Early Tax Return?
When it comes to filing your taxes, it can often pay to wait until the deadline. -
Get A Tax Credit For Your Foreign Investments
The foreign tax credit provides a break on investment income made and taxed in a foreign country. -
10 Steps To Tax Preparation
Follow these simple steps to get you ready for April 15. -
Understanding The U.S. Tax Withholding System
Understanding the origins of our tax withholding system is crucial to getting the most out of it. -
The History Of Taxes In The U.S.
The number of taxes that we now consider a given did not always exist. Find out how they arose. -
How To Appeal Your IRS Audit
The auditor's review isn't always the last word. Many taxpayers who are audited can successfully appeal their audits and save thousands of dollars. -
Has Income Tax Become A Class Tax On The Poor?
With more than 33% of American families falling close to the poverty line despite their adult members holding full-time employment, a rising number of citizens are being forced to pay a rate ... -
How The 2014 Obama Budget Could Affect Your Finances
Depending on which estimate you believe, Obama's proposed budget would raise the tax bill of a household with a yearly income of $50,000 to $75,000 between $63 and $100 per year. However, that’s ... -
Austerity: When The Government Tightens Its Belt
When a government tightens its belt in tough economic times the entire nation feels the squeeze.
Free Annual Reports
