SMART TAX& ACCOUNTING
CanadaU.S.
ENRUUZ

Form 1040 with foreign income

For U.S. citizens and residents living or earning abroad, using the foreign earned income exclusion (Form 2555) or the foreign tax credit (Form 1116).

Ask about this serviceAll services

Key dates

  • April 15, 2027: 2026 returns and any tax owed are due
  • October 15, 2027: extended deadline if Form 4868 is filed by April 15 (an extension to file, not to pay)
  • Living abroad: an automatic two-month extension to June 15, 2027

Why it matters

  • U.S. citizens and green-card holders must report worldwide income, even while living in Canada or Uzbekistan.
  • The foreign earned income exclusion or the foreign tax credit usually prevents you from paying tax twice on the same income.
  • Foreign bank accounts totalling over $10,000 at any time in the year must also be reported on the FBAR (FinCEN 114).

Other services

Single-member LLC

LLC

A one-owner LLC is normally reported on Schedule C of the owner's own return.

Usually included in the owner's return; quoted by complexityLearn more

C corporation return (Form 1120)

1120

Annual income tax return for a C corporation.

from $600Learn more

S corporation return (Form 1120-S)

1120-S

Annual return for an S corporation, with a Schedule K-1 for each shareholder.

from $600Learn more

Contact us

Call, write or message us in English, Russian or Uzbek.

Phone, WhatsApp, Telegram
+1 437 983 4010
Email
taxsmartcga@gmail.com
Office
11 Suraty Avenue, Scarborough, ON M1P 4C9
WhatsAppTelegram