US Expat Entrepreneurs

Since the Civil War, the US has employed a citizen-based taxation system, which means all US citizens, including Americans living abroad, have to file US taxes every year. The requirement also applies to self-employed US expats. It therefore makes sense for self-employed expats to make the best possible use of allowable business deductions to reduce their […]

At a summit on Saturday June 4 2021, the G7 group of countries agreed to establish a global minimum corporate tax rate, as well as a common way to tax the biggest international digital services companies. Background In the digital age, companies can sell services online in other countries without having a physical presence there. […]

The US tax system is unusual, in that the US taxes based on citizenship rather than residence. This means that all US citizens have to file US taxes on their worldwide income, even if they have to file foreign taxes too. This includes Americans living abroad, who have the same annual US filing and reporting […]

Americans who move overseas have to continue filing US taxes from abroad, as the US taxes based on citizenship rather than on residence. This means that many Americans living abroad have to file both foreign taxes in their country of residence, and US taxes too. To avoid double taxation, American expats in this situation can […]

All American citizens, including those living abroad, are required to file a US federal tax return every year reporting their worldwide income. Neither international tax treaties, nor any foreign tax filing requirement, mitigate the requirement for American expats to file a US federal tax return. To avoid double taxation, expats can claim provisions such as […]

Americans living abroad are required to file US taxes, reporting their worldwide income. The US is one of only two countries (the other being Eritrea in Africa) that tax expats on their global income, as well as residents. American expats also have to report any foreign business interests they have, and sometimes their foreign financial […]

The IRS has released the final GILTI rules, two and a half years after the new tax on Americans with a foreign registered business was introduced as part of the 2017 Tax Cuts and Jobs Act. Initially intended to target large multinationals like Apple that had established offshore subsidiaries so as to pay less US […]

Leading US tax attorney Monte Silver has been locked in a legal action with the IRS for over a year, in defense of American expats with a small business registered abroad. All American citizens, including expats, are required to file US taxes every year, reporting their worldwide income and their offshore financial accounts and businesses. […]

American expats are required to file a US tax return, reporting their global income, even if they file foreign taxes too. When they file, expats can claim either the Foreign Earned Income Exclusion, or the Foreign Tax Credit, to reduce their US income tax bill, most often to zero. The Foreign Tax Credit lets expats […]

One of President Trump’s central election pledges in 2016 was to cut taxes. The result was the signing into law in 2017 of the Tax Cuts and Jobs Act, more often referred to as the Trump Tax Reform. The Act didn’t just cut income and corporate taxes though, it also created some new ones, notably […]