Form 6521 and Alternative Minimum Tax (AMT) for Expats

Form 6521 and Alternative Minimum Tax (AMT) for Expats

All Americans are required to file US taxes if they meet minimum income thresholds, including their global income, regardless of whether they live in the US or abroad. This leaves many expats having to file twice, to the country where they live as well as to the US. Thankfully, when they file, they can claim […]

Minimum Income Required for Expats to File US Taxes

Minimum Income Required for Expats to File US Taxes

The underlying principle of the US tax system is that US citizens and Green Card holders are required to file and report their worldwide income, whether they live in the US or abroad. This means that many expats have to file two tax returns, to Uncle Sam as well as in the country where they […]

What Expats Who Owe US Taxes Need to Know

What Expats Who Owe US Taxes Need to Know

Because the US tax system is based on citizenship (rather than residence), expat American citizens (and Green Card holders) are required to file US taxes, just the same as if they were living in the States. When expats file, they can claim one or more IRS provisions (such as the Foreign Tax Credit on Form […]

New Proposed GILTI Guidance Benefits Many US Expat Business Owners

New Proposed GILTI Guidance Benefits Many US Expat Business Owners

Last month, the IRS released final proposed guidelines relating to the taxation of GILTI (Global Intangible Low Tax Income) on certain foreign registered businesses. The 318 pages of IRS guidelines contain some welcome news for many US expat business owners. Background Before the Trump Tax Reform (the Tax Cuts and Jobs Act of 2017), Americans […]

Taxes for Expats – The US – Netherlands Tax Treaty

Taxes for Expats – The US – Netherlands Tax Treaty

The US – Netherlands tax treaty was signed in 1992, with a protocol added in 2004 covering dividends, certain other types of income, and sharing tax information between the two countries. The purpose of the treaty is to prevent double taxation for Americans living in the Netherlands and Dutch citizens living in the US, however the inclusion of […]

US Expats in France in Line for IRS Windfall

US Expats in France in Line for IRS Windfall

Many Americans living in France are in line for a IRS tax windfall after an US court ruled last week that expats could claim US tax credits against a French income tax that they previously weren’t allowed to. All Americans are required to file US taxes on their worldwide income, wherever in the world they […]

IRS Estimated Tax Payments for US Expats

IRS Estimated Tax Payments for US Expats

Americans living abroad are required to file US taxes, reporting their worldwide income. America is the only developed country that requires expats to file. Expats often also have to report their foreign bank accounts, investments, and businesses. For many years, the IRS couldn’t enforce these requirements, and many expats chose to ignore them, however over […]

PFICs and US Tax for Expats

PFICs and US Tax for Expats

Americans living abroad are required to file US taxes, reporting their worldwide income. This is because (unlike most countries) the US taxes based on citizenship, meaning that where in the world you happen to be living doesn’t matter. Unfortunately, tax treaties don’t protect American expats from double taxation (i.e. from filing both US taxes and […]

5 Reasons Why Expats Should File US Taxes Now!

5 Reasons Why Expats Should File US Taxes Now!

Americans move abroad for a variety of reasons, perhaps for work, to be with someone, or due to a sense of adventure, however hardly any of them are thinking much about filing US taxes when they move. The US requires all Americans to file though, reporting their worldwide income, even if they live abroad. It’s […]