Filing Form 2555: A Guide for US Expats

Form 2555

Uncle Sam and American expats aren’t exactly the best of friends. Regardless of where they live, American citizens have to declare their worldwide income to the IRS, and many aren’t even aware of this.   Yep, you heard that right. That’s because the United States is one of only two countries that applies citizenship-based taxation.  And […]

Understanding FBAR Penalties

fbar penalties

Becoming an expat can enhance your life in many ways. For many, it may mean you’re no longer beholden to a standard 9 to 5 schedule, and instead free to explore different cities and countries, on your schedule. But, while working remotely offers more flexibility and freedom, it also comes with some important tax reporting […]

US Taxes in the Bahamas: What You Need to Know

Bahamas tax haven

Ahh…The Bahamas. With beautiful sandy beaches, turquoise waters, world-class nightlife and dining, what more could a sun-craving American ask for?  And on top of its gorgeous landscapes and relaxed lifestyle, the Bahamas is an attractive country for many expats due to its low taxes.  This blog post will cover what taxes US expats in the […]

Digital Nomad Taxes: A Complete Guide

US taxes for digital nomads

As remote work goes mainstream, more and more professionals are ditching the 9-to-5 lifestyle to instead live as digital nomads: workers that leverage technology to work from anywhere they want.  The digital nomad lifestyle comes with many advantages. More freedom, location independence, a better work-life balance, working in your pajamas…It’s not hard to understand why […]

Key Takeaways From the 2022 TIGTA Report

2022 TIGTA Report

It’s already been 12 years since congress introduced the Foreign Account Tax Compliance Act (FATCA). Whew, time goes fast, doesn’t it?  The federal law requires that participating countries report the financial activities of US citizens on their soil. And after an in-depth review of how FATCA has held up, the Treasury Inspector General for Tax […]