U.S. Tax Information
All U.S. Citizens and Legal Permanent Residents must report worldwide income from all sources to the U.S. Internal Revenue Service. Although you may not have to pay any U.S. tax, you must file an annual tax return. The IRS Office in London handles a variety of tax issues for the region, including Norway. Tax assistance is available:
- IRS International Customer Service in Philadelphia
Fax: 001-941-1055, from 12:00 noon - 2:00 AM.
U.S. income tax returns for 2014 are due on April 15, 2015. However, if you reside overseas, your return is due on June 15, 2015 because you are given an automatic two-month extension to file. If this is your case, write across the top of your return: Taxpayer Resident Abroad. If you want an extension for Tax Year 2014, overseas filers should submit Form 4868 by June 15th to request an extension to file until October 15th, 2015.
However, any tax due must be paid by April 15, 2015 to avoid being charged penalties and interest. More information can be found on the U.S. Embassy London IRS website.
Please note that the IRS no longer publishes the Overseas Filing Package. Tax forms can be downloaded from the Internet at the IRS website online, or obtained by calling the IRS at 001-800-829-3676.
Affordable Care Act
Please find important information relating directly to nonresident aliens and U.S. citizens living abroad and the Affordable Care Act through the U.S. Embassy in London's website.
The United States Internal Revenue Service has no official exchange rate and accepts any posted exchange rate that is used consistently.
The unofficial average exchange rate for 2014 is $1 = NOK 6.558
Exchange rates for previous tax years were as follows:
- 2013: 1$ = 6.117
- 2012: $1 = 6.056
- 2011: $1 = 5.847
- 2010: $1 = 6.20
- 2009: $1 = 6.30
- 2008: $1 = 5.647
- 2007: $1 = 5.864
- 2006: $1 = 6.42
- 2005: $1 = 6.44
- 2004: $1 = 6.74
- 2003: $1 = 7.08
- 2002: $1 = 7.98
- 2001: $1 = 8.99
- 2000: $1 = 8.80
Reporting Foreign Bank Accounts
As of July 1, 2013, the electronic filing of Form TD F-90-22.1, Report of Foreign Bank and Financial Accounts (FBAR) is mandatory through the BSA E-Filing System. This includes delinquent returns. More information concerning FBAR, FATCA and foreign bank account reporting requirements can be found at Embassy London’s IRS page.