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.

BREAKING DOWN '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. Alien

    Any person who is not a citizen of the country in which he or ...
  2. Citizen Bond

    A type of certificateless municipal bond used to finance local ...
  3. IRS Publication 514

    A document published by the Internal Revenue Service that provides ...
  4. Corporate Inversion

    Re-incorporating a company overseas in order to reduce the tax ...
  5. IRS Publication 509: Tax Calendars

    A document published by the Internal Revenue Service that provides ...
  6. Foreign Plan

    A retirement savings plan created by a person or a company to ...
Related Articles
  1. Retirement

    What Americans Need To Know About Living Abroad

    From Social Security to medical assistance to taxes, here's what you need to know about living overseas.
  2. Managing Wealth

    What Taxes Do I Owe On Retirement Accounts Abroad?

    If you're a U.S. retiree, but previously worked abroad, here's what you need to know about taxes on foreign pensions and retirement accounts.
  3. Retirement

    Going Back to China to Retire: A How-to Guide

    If your family comes from China, it may seem natural to think of retiring there, but it could be difficult to do so unless you know the rules.
  4. Taxes

    3 Ways Tax Haven Governments Make Money

    If the governments of tax haven countries impose little, or no, income taxes, how exactly do these nations generate revenue?
  5. Taxes

    How To Pay Taxes If You're Overseas

    Here is a step by step guide to paying taxes if you are a U.S. citizen living overseas.
  6. Retirement

    5 Reasons Americans Retire in Puerto Rico

    Puerto Rico’s unique status as a U.S. territory can make it particularly attractive to Americans.
  7. Insights

    Tax Implications of Opening a Foreign Bank Account

    Learn about the tax implications of opening a foreign bank account, including accounts that generate earned or unearned income from overseas activity.
  8. Taxes

    When is Dual Citizenship Not a Good Idea?

    It may sound useful, but there are a number of reasons that make dual citizenship a questionable choice.
  9. Taxes

    Countries with the Highest Income Taxes

    Before you move to one of these countries with the highest income taxes, think through the overall tax situation - and what you get for your money.
  10. Taxes

    How American Expats Are Taxed

    Learn what tax forms American expats are required to file, what tax breaks and deductions are available, and what potential pitfalls to avoid.
Hot Definitions
  1. Receivables Turnover Ratio

    Receivables turnover ratio is an accounting measure used to quantify a firm's effectiveness in extending credit and in collecting ...
  2. Treasury Yield

    Treasury yield is the return on investment, expressed as a percentage, on the U.S. government's debt obligations.
  3. Return on Assets - ROA

    Return on assets (ROA) is an indicator of how profitable a company is relative to its total assets.
  4. Fibonacci Retracement

    A term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going ...
  5. Ethereum

    Ethereum is a decentralized software platform that enables SmartContracts and Distributed Applications (ĐApps) to be built ...
  6. Cryptocurrency

    A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of ...
Trading Center