As tax season approaches, Americans residing in France face the challenge of filing returns for both the US and France. Due to citizenship-based taxation, US citizens must file a tax return regardless of where they live. US expats receive an automatic two-month extension, with deadlines varying for French returns. Tax advisor Jonathan Hadida suggests that Americans with French income should prioritize their French tax returns to avoid double taxation and utilize foreign tax credits effectively. This involves being aware of individual circumstances and potential earnings from French sources.
"The main question to ask yourself is: do I have French income? If this is the case, then usually it is best to file your French tax return before your American one."
"If this person - who earns a French salary and pays French taxes - wants to use the 'foreign tax credit', then they may want to file the French return first in order to get at least an estimate of their French taxes."
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