US·UK Accountants

Glossary · US Tax

US Tax Return (Form 1040)

The annual federal income tax return US citizens and residents must file on worldwide income.

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By Sam H., Founder & Lead Advisor

ACCA · ACA · Reviewed by Katie M.

US Individual Income Tax Return

In more detail

US citizens and green-card holders must file a Form 1040 reporting worldwide income every year, regardless of where they live. Those abroad typically use the foreign-earned-income exclusion or foreign tax credits to avoid double taxation, and attach information returns such as the FBAR, Form 8938, or Form 5471 as applicable.

Does US Tax Return (Form 1040) apply to your situation?

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