# Expat and International Tax CPA - Shree Accounting LLCSource: https://shreecpas.com/services/international-expat-tax/ Publisher: Shree Accounting LLC, 688 Tabor Road, Morris Plains, NJ 07950 · (201) 888-1035 · pras@shreecpas.com> US returns for Americans abroad and NJ residents with foreign income or accounts: FEIE, foreign tax credit, FBAR, FATCA and catch-up filing.# Expat and International Tax CPAUS returns for Americans abroad and NJ residents with foreign income or accounts: FEIE, foreign tax credit, FBAR, FATCA and catch-up filing.US citizens and green-card holders owe US returns on worldwide income wherever they live, and New Jersey residents with family accounts or property abroad face reporting rules whose penalties can exceed the tax itself. We handle both sides: Americans living overseas, and residents here with a life that crosses borders.## What we help with- **Foreign earned income exclusion:** up to $132,900 of foreign wages or self-employment income for 2026, if you meet the physical presence or bona fide residence test. - **Foreign tax credit:** a dollar-for-dollar credit for income tax paid abroad, often the better choice in high-tax countries. - **FBAR and Form 8938:** reporting foreign accounts that together exceeded $10,000 at any point in the year, and FATCA reporting at higher thresholds. - **Foreign entities and investments:** Forms 5471, 8865 and 8621 for foreign companies, partnerships and funds. - **Catching up:** the IRS streamlined procedures for people who didn’t know they had to file. - **Leaving New Jersey or New York:** documenting a clean change of domicile so your former state can’t keep taxing you.## Choosing between the exclusion and the creditThe exclusion is simple and works well in low-tax countries. The credit often works better in high-tax countries and preserves access to the Child Tax Credit and IRA contributions. Once you revoke the exclusion you generally can’t claim it again for five years without IRS consent, so we compare both every year before choosing.## Frequently asked questions### I didn’t know I had to file FBARs. What now?If the IRS hasn’t contacted you and the failure wasn’t willful, the streamlined procedures usually let you file the missing returns and FBARs with reduced or no penalties. Act before the IRS reaches out.### Do I still owe New Jersey tax after moving abroad?Possibly, if New Jersey still considers you domiciled there. Selling or renting out your home, moving your driver’s license, voter registration and bank relationships, and documenting your intent all help establish the break.Talk it through with a CPAA free 45-minute strategy session with an experienced CPA. We’ll look at your situation and tell you exactly what we’d do, whether or not you engage us.[Book a free strategy session](https://shreecpas.com/contact/) [(201) 888-1035](tel:+12018881035)Talk to a CPAFree 45-minute strategy session. Reply within one business day.[Book a strategy session](https://shreecpas.com/contact/)[(201) 888-1035](tel:+12018881035)Written and reviewed by[Prasanna Thiruvenkatachari](https://shreecpas.com/about/)CPA (New Jersey), CFE, CGMALast reviewed October 16, 2026Other services- [Client Accounting Services in New Jersey](https://shreecpas.com/services/client-accounting-services/) - [Tax Advisory for NJ Businesses and Owners](https://shreecpas.com/services/tax-advisory/) - [CFO Advisory and Cash Flow Forecasting](https://shreecpas.com/services/cfo-advisory/) - [Finance Systems, Automation and AI Tools](https://shreecpas.com/services/finance-automation-ai/) - [Multi-State Tax and Nexus Services](https://shreecpas.com/services/multi-state-tax/) - [NJ and NY Commuter Tax for Remote Workers](https://shreecpas.com/services/nj-ny-commuter-tax/) - [Small Business Bookkeeping, Payroll and Tax](https://shreecpas.com/services/small-business-accounting/) - [Tax Planning and Strategy for NJ Businesses](https://shreecpas.com/services/tax-planning/) - [Tax Preparation Services in New Jersey](https://shreecpas.com/services/tax-preparation/) - [RSU and Stock Option Tax Planning in NJ](https://shreecpas.com/services/equity-compensation-tax/) - [Estate and Wealth Tax Planning in NJ](https://shreecpas.com/estate-wealth-tax-planning-in-nj/) - [Fractional CFO Services in New Jersey](https://shreecpas.com/services/fractional-cfo/) - [Nonprofit Accounting and Form 990 in NJ](https://shreecpas.com/nonprofit-form-990-cpa-in-nj/)## Related readingJuly 13, 20264 minute read### [Beyond the Stethoscope: Why Healthcare Professionals Need a Specialized Tax Strategist](https://shreecpas.com/beyond-the-stethoscope-why-healthcare-professionals-need-a-specialized-tax-strategist/)Many healthcare professionals treat tax season as a historical archiving exercise. 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