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good afternoon this is sean golding with goldie and golding here to discuss the basics of what to do if youamp;#39;re a us person and you have accounts assets investments or income in singapore how to report how it works on your u.s tax return based on perspective u.s person you have to report your worldwide income in your worldwide assets u.s person is more than just u.s citizens itamp;#39;s u.s citizens legal permanent residents foreign nationals who meet the substantial presence test so what do you have to do letamp;#39;s start income right generally all income is taxable it doesnamp;#39;t matter if itamp;#39;s tax deferred overseas if youamp;#39;re a u.s person you generate that income the baseline perspective is that itamp;#39;s taxable now you may have foreign tax credits available you may qualify for the foreign earned income exclusion but from a baseline perspective if you have foreign income you have to report it on your u.s tax return in addition to that thereamp;#39;
