US Tax Forms for Expats – Form 2555 or 2555-EZ?

US Tax Forms for Expats – Form 2555 or 2555-EZ?

All Americans (including green card holders) are required to file US taxes, reporting their worldwide income, including expats. Many expats mistakenly assume that they don’t have to file US taxes if they don’t have US sourced income, or due to a tax treaty, however all Americans who earn over $12,000 or just $400 of self-employment […]

Taxes for Expats – The US – Japan Tax Treaty

Taxes for Expats – The US – Japan Tax Treaty

The US-Japan tax treaty was one of the first international tax treaties that the US signed. The first version was signed in 1954, with later versions signed in 1972 and 2003, and a further update protocol covering software companies added in 2013. The purpose of the treaty is to prevent double taxation for Americans living […]

Treasury Eases GILTI Tax Burden for US Expat Small Business Owners

Treasury Eases GILTI Tax Burden for US Expat Small Business Owners

Breaking News: Expat small business owners were celebrating today as the Treasury announced relief for individual American owners of foreign registered corporations from the new GILTI tax introduced in the Trump Tax reform. Deep within 177 pages of Proposed Regulations released by the Treasury on March 4th 2019 dealing with the application of changes made under […]

Reporting Foreign Real Estate and Rental Income to the IRS

Reporting Foreign Real Estate and Rental Income to the IRS

Many of the 9 million Americans who live overseas have settled abroad permanently, perhaps having retired abroad, or because they married a foreigner, or because they fell in love with a particular place. Many of these long term expats purchase foreign real estate, either to live in, or as an investment to provide them with […]

Need to File US Taxes Late? What US Expats Need to Know

Need to File US Taxes Late? What US Expats Need to Know

Americans who move abroad are required to continue filing US taxes, reporting their worldwide income. This means that American citizens abroad often have to file two tax returns. The tax treaties that the US has with around 100 other countries don’t mitigate the risk of double taxation either, as they contain a ‘saving clause’ meaning […]

Top Tax Strategies for Americans Who Would Like to Retire Abroad

Top Tax Strategies for Americans Who Would Like to Retire Abroad

With Winter, thoughts perhaps turn more often to the idea of retirement in a sunnier climate. There are lots of other good reasons for Americans to retire abroad too, such as a better quality of life, more affordable healthcare, and the opportunity to explore another culture. One important consideration for Americans who would like to […]

US Expat Sues IRS Over New Transition Tax

US Expat Sues IRS Over New Transition Tax

All Americans, including expats, have been required to file US taxes, reporting their worldwide income, since the nineteenth century. It’s only over the last few years though that, due to foreign banks and governments now sharing expats’ financial data with the IRS the federal government has been able to enforce the requirement for expats to […]