FEDERAL TAX LAW

US citizens must report their worldwide income on their federal income tax returns. Living or earning income outside the United States does not relieve a US citizen of the responsibility of filing tax returns. However, US citizens living and/or working abroad may be entitled to various deductions, exclusions, and credits. ACS provides a limited supply of federal tax forms. No state forms are provided. For more information on US tax issues, please consult the Internal Revenue Service, Paris, at their web site http://paris.usembassy.gov/IRS/IRS.HTM or the US Treasury web site at http://www.fms.treas.gov/ or other commercial sites such as http://www.oanda.com/.