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 London Office
Fax: 0044-207-495-4224 weekdays from 10:00 AM - 1:00 PM, (Norwegian time).
- IRS International Customer Service in Philadelphia
Fax: 001-941-1055, from 12:00 noon - 2:00 AM.
U.S. income tax returns for 2012 are due on April 15, 2014. However, if you reside overseas, your return is due on June 15, 2014 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. However, any tax due must be paid by April 15, 2014 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.
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 2013 is $1 = NOK 6.117
Exchange rates for previous tax years were as follows:
- 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.