Taxes for US Expat Entrepreneurs

Over 9 million Americans live abroad, and it shouldn’t be a surprise that a large number of them are entrepreneurs, as they are all adventurous by nature. American expats are still required to file US taxes though, wherever in the world they may live.

Tax Strategies for Expat Entrepreneurs

The US taxes all US citizens and green card holders around the world, including their businesses, so it’s important for US expat entrepreneurs to contact a US expat tax specialist and put in place the right structures and strategies to minimize their tax liability.

The Best Deductions and Credits for Self-Employed Expats in 2021

Best Deductions and Credits for Self-Employed Expats

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 […]

When Should US Expats File IRS Form 1118?

When Should US Expats File IRS Form 1118

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 […]

Foreign Companies IRS Tax Reporting for Expats

Foreign Companies IRS Tax Reporting for Expats

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 […]

GILTI 962 Election – A Guide for Expats

GILTI 962 Election - A Guide for Expats

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 […]

Expat Attorney Monte Silver Turns Sights on GILTI

Expat Attorney Monte Silver Turns Sights on GILTI

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. […]

GILTI and IRS Form 8892 – A Guide For US Expats

GILTI and IRS Form 8892 Explained For US 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 […]