08/18/2022
The UK is the home of famous landmarks such as Big Ben, Buckingham Palace, and Tower Bridge. And according to data by Statista, it’s also home to over 166,000 Americans. Life in the UK has many benefits, such as easy access to nearby European countries and universal healthcare. But as excited as you might be […]
06/20/2022
Living abroad as a US expat comes with many benefits – the opportunity to immerse yourself in a new culture and build new communities of friends and colleagues, all while exploring the world at large. And yet, along with all of these freedoms and experiences, comes potential frustrations as well. Example: When it comes to […]
06/14/2022
Let’s face it, Americans don’t have the best relationship with taxes and the IRS. According to a CBS News/YouGov survey, over 60% of Americans believe they’re paying more than their fair share on their US tax return. Taxes are a particularly annoying issue as Americans still have to declare their income to the IRS wherever […]
06/14/2022
Regardless of where they live, American expats have to declare their worldwide income and file their US tax returns each year. That’s because the US is one of the few countries in the world that applies citizenship-based taxation. However, here’s where things get a bit tricky. Since US expats have to declare their income and […]
06/10/2022
If you’re an American citizen that lives overseas, then you need to know about IRS Form 1116. It’s the form that helps you claim the Foreign Tax Credit (FTC), which can save you from having to pay taxes both in your new home country and the US. Don’t forget that the US has a citizenship-based […]
05/23/2022
Moving overseas to live and work in a new country can be stressful. It’s not easy to sell your things, say goodbye to loved ones, and learn to adapt yourself to a new culture that may not even speak the same language as you. But an aspect of moving overseas that scares many Americans away […]
05/03/2022
If you’re an American expat searching for more autonomy in how you work and what you work on then transitioning to self-employment may be the natural next step. There are a few different ways you can achieve this – you can become an entrepreneur and start your own business, or you can work as an […]
04/22/2022
Americans have worked within a citizenship-based taxation system for well over 100 years. In other words, US citizens (as well as permanent residents) must report their worldwide income and file a federal tax return annually. Only in the last decade has this had any real impact on Americans living abroad. The Foreign Account Tax Compliance […]
04/15/2022
Are you fostering a (not-so-secret) love affair with travel? Have you considered taking this relationship to the next level by finding a permanent or semi-permanent home overseas? You and everyone else, apparently! The data is not shy in painting a clear picture – a record number of Americans are considering a move abroad. Between May […]