MASTERCLASS: FOUNDATIONS OF U.S./PORTUGUESE TAXES FOR INDIVIDUALS

MASTERCLASS: FOUNDATIONS OF U.S./PORTUGUESE TAXES FOR INDIVIDUALS

A 40-minute masterclass for Americans living in or moving to Portugal

You moved to Portugal. Or you're planning to. The IRS didn't get the memo.

U.S. citizens and green card holders are taxed on their worldwide income, no matter where they live. That means Portuguese rental income, a local salary, an Airbnb, a brokerage account: all of it still goes on your U.S. return. Every year.

Most Americans abroad aren't tripped up by sophisticated planning mistakes. They're caught off guard by things they never knew to ask about: a foreign investment fund that turns out to be a PFIC. A Portuguese pension that creates a tax mismatch. An FBAR they didn't know existed until the penalty letter arrived.

This masterclass is the foundation you need before any of that happens.

What you'll learn

In 40 minutes, you'll understand:

• Why you still file a U.S. return every year, and what the deadlines actually are when you're abroad

• The difference between income tax reporting and informational reporting (FBAR, Form 8938, Form 5471), and why the paperwork penalties can be worse than the tax itself

• How the Foreign Tax Credit and the Foreign Earned Income Exclusion work, and which one is right for most Americans in Portugal

• What the U.S.–Portugal tax treaty does and doesn't protect you from

• The five most common mistakes: PFICs, foreign pensions, currency conversion errors, undisclosed businesses, and missed FBARs

• How to choose the right filing path based on your actual situation

• What to do if you're already behind