These 11 strategies can help you legally minimize your US tax liability, take advantage of foreign tax credits, and make the most of available deductions and exclusions.
Benefits of Tax Planning for Americans Living Abroad
08/28/2024
11 Tax Optimization Strategies for High-Income Expats
08/14/2024
These 11 strategies can help you legally minimize your US tax liability, take advantage of foreign tax credits, and make the most of available deductions and exclusions.
What Happens if You Miss the Tax Deadline? (And How to Catch Up)
07/10/2024
No matter where they live, Americans who earn above a certain threshold must pay taxes they owe by April 15th and if they live abroad, file a tax return by June 15th (unless they’ve already requested an extension). But what happens if you miss the tax deadline? While it’s not an ideal situation, you don’t […]
How to Move an LLC to Another State: The Expat’s Guide
07/03/2024
Many small business owners with a US-registered limited liability company (LLC) choose to maintain it when moving abroad. After all, an LLC offers significant liability protection, allows you to choose alternative tax treatments, and may make it easier to work with US-based clients. But at some point, motivated by tax rates in the state your […]
Retire in Italy: Visas, Healthcare, Taxes, & More
05/24/2024
From delicious cuisine to the affordable cost of living, laid-back pace of life, and rich culture, there are many reasons Americans may want to retire in Italy. Fortunately for retirees — or anyone with enough passive income — a dedicated visa puts that goal well within reach. We’ve rounded up some of the most pertinent […]
Essential Documents to File Your Taxes as a US Expat
05/15/2024
Tax season for expats is at its peak — there’s not much time left to get your documents in order. If you don’t have them all sorted out by now, you’re probably in a rush. But you know what they say — speed is the enemy of perfection. And when it comes to tax paperwork, […]
Should I Do My Own Taxes? 5 Reasons to Hire an Expat Tax Professional
05/08/2024
When tax season rolls around, many expats find themselves wondering: Should I do my own taxes? While it is possible to do taxes by yourself or with the help of tax preparation software, it’s not exactly ideal. The US tax code contains many complexities as is. Factor in expat status, and it gets all the […]
What Is a Reasonable Owner Salary for an S Corp?
05/08/2024
It’s one of the most common questions among those evaluating business structures: What is a reasonable owner salary for an S corp? Knowing what a reasonable salary is — and how to determine one — is essential to reaping the benefits of S corp status. In the right circumstances, those benefits can be significant. Forming […]
The Real Cost of Hiring a Tax Professional: What Every Expat Needs to Know
04/29/2024
I can do my own taxes; why would I pay someone to do them for me? Have you ever said this but then regretted it? Don’t worry, we get it. People start out thinking — how hard can it actually be — then end up tangled in forms, calculations, and deadlines, horrified they might have […]
LLC, S-Corp, & C-Corp: What’s Best for US Expats?
04/21/2024
Depending on your goals, the right business structure can help you reduce administrative burden, facilitate company growth, or shield you from personal liability — as well as have major tax benefits. If you’re a self-employed US expat, you may have wondered about the differences between the three most common options: LLCs, S corp and C […]