05/20/2019
Many Americans living abroad are unaware of or confused about their US tax filing obligations. The US tax system is unusual, as it taxes based on citizenship. Almost every other country either taxes based on residence (meaning only people living in that country have to file taxes there), or taxes based on income arising in […]
05/13/2019
Archie Harrison Mountbatten-Windsor was born to parents Prince Harry of England and Princess Meghan Markle this week. The baby prince is currently seventh in line to the British throne. But is he British or American (or both), and if he’s American, will he have to pay US taxes? Citizenship based taxation The US has an […]
05/06/2019
All Americans have to file a US tax return, reporting their worldwide income, including expats. This is because the US taxes based on citizenship, rather than based on residence like most other countries. This means that many Americans living abroad face the prospect of double taxation, paying income taxes both in the country where they […]
05/02/2019
American expats are required to file a US tax return reporting their worldwide income, just as if they lived in the US. Filing from abroad is typically more complex however, due to additional filing requirements such as claiming the exemptions and credits that help expats avoid double taxation, as well as reporting foreign accounts and […]
04/29/2019
American expats are required to file a US tax return each year, reporting their worldwide income. Expats may also have to report their foreign businesses, assets, and financial accounts, depending on factors including their types and values. When expats file, they can normally claim one or more IRS exemptions or tax credits that reduce their […]
04/25/2019
All American citizens and green card holders are required to file a US tax return every year, reporting their worldwide income, including those who live abroad. Expats however have an automatic extension until June 15th to file, and they can request a additional extension too, should they need it. When expats file, they must also […]
04/22/2019
The US-Israel tax treaty was signed in 1975, and last updated in 1995, though there is speculation that it will be updated again soon in the light of the changes to the US tax system implemented in the recent tax reform. The purpose of the treaty is to prevent double taxation for Americans living in […]
04/17/2019
The United States has an unusual tax system compared to most other countries, in that it taxes all US citizens on their worldwide income, regardless of where in the world they live. Most other countries either tax just residents, or only folks with income sourced in the country. The US tax system though requires all […]
04/08/2019
The United States taxes based on citizenship. This means that all US citizens (and green card holders), including anyone with the right to US citizenship, are liable to pay US taxes, wherever in the world they live. This often leaves US expats having to file both a US tax return as well as a tax […]
04/04/2019
Americans living abroad are required to file a US tax return, reporting their worldwide income, just as if they were living in the States. To avoid paying US taxes on their worldwide income as well as foreign taxes, the IRS has made a number of provisions available, such as the Foreign Tax Credit and the Foreign […]