03/22/2018
US expats are unfortunate in that they have to file US taxes on their worldwide income, often besides filing taxes in the country where they live. There are ways to avoid double taxation, such as by claiming IRS exemptions like the Foreign Tax Credit and the Foreign Earned Income Exclusion, or by choosing to live […]
02/26/2018
One of the aims of the Trump Tax Reform was to get giant American multinational corporations such as Apple, Google and Microsoft to repatriate their vast cash piles that they’d been keeping offshore. In achieving this though, the reform has also affected many US expat entrepreneurs and Digital Nomads as well. Before looking at the […]
12/14/2017
Bitcoin has been in the news over the last few weeks, thanks to its soaring value. Many expats were early adopters and investers in Bitcoin, recognizing its international nature and convenience for cross-boarder transactions. With the recent media attention though, many expats are now seeking a definitive explanation of the IRS tax implications of being […]
09/07/2017
FBARs (Foreign Bank Account Reports) have been a filing requirement for Americans with financial accounts overseas that meet the criteria since the Bank Secrecy Act of 1970. It has only been enforced for the last few years however, since the 2010 Foreign Account tax Compliance Act (FATCA) obliged foreign financial institutions to pass details about […]
07/27/2017
Millions of Americans living abroad are working as freelancers. Some work mainly for one or more American firms, others freelance for foreign firms or provide services directly to small firms or individuals. Many are settled permanently in one foreign country, others are intending to return to the US after a few years, or they may […]
04/27/2017
All Americans are required to file and pay US taxes, declaring their worldwide income, wherever in the world they live. The US is the only major country that requires its citizens to file a tax return even if they are expatriates. Thankfully, there are several exemptions that US expats can claim that reduce or eliminate […]
04/13/2017
US expats are the new American pioneers, traveling to and living in every corner of the world. If considered as a single community, they would be the eleventh largest state by population. Many Americans living abroad start a small businesses. For some it’s a business with physical premises such as an office, shop of cafe, […]
03/27/2017
All American citizens and green card holders are required to file a US tax return if they earn over around $10,000 (or just $400 of self-employment income), wherever in the world they live or earn. Expats are also subject to extra reporting requirements too: depending on their situation, they may have to report their foreign […]
10/11/2016
America is historically a nation of pioneers and innovators. As such, it’s no surprise that the US is a global leader in technology, medicine, and energy; that our universities are among the best in the world; and that countless US businesses are known around the globe. We are constantly looking for new opportunities and new […]
09/27/2016
1 – Choose the right company structure The first decision American expat small business owners need to make when setting up their small business is what company structure to employ. This will depend on the nature of the business, and also whether you have settled abroad permanently in one country or not. If you have […]