Field notes.US tax obligations continue abroad

Check the filing threshold

US citizens and resident aliens remain subject to US tax rules while abroad. Whether an income-tax return is required depends on income, filing status and the applicable threshold. Separate information-reporting obligations can apply even where little or no income tax is due.

Do not mix the two systems

A Philippine exemption for a particular pension or annuity does not decide its US treatment. A benefit that is tax-exempt under one system may require a different analysis under the other. Review each income stream with a qualified tax adviser.

Prepare the records

Keep pension and benefit statements, account records and any relevant tax forms accessible after the move. Verify IRS mailing, electronic filing and payment arrangements. Ask separately about foreign-account reporting and any extension that applies to your circumstances.

Review before changing accounts

Opening an account, owning an investment or changing a business structure can add reporting questions. Have those decisions reviewed before acting. The SRRV comparison is a residency analysis, not a personal tax calculation.